Economic problems at home and lower profits elsewhere in Africa mean Nigerian banks are having to revisit their strategies for growth across the continent, but what will be the consequences for the countries that they are winding down in or even exiting from?
Africa
Latest articles from Africa
Africa's growing local currency debt markets
February 1, 2016As borrowing in dollars becomes increasingly expensive, the appetite for bonds in indigenous denominations in Africa is strengthening across the sub-Saharan region. However, longer yield curves and cross-border issuance will be necessary for continuing growth.
The Africa connection: how co-operation in the mobile money sector is improving financial inclusion
January 19, 2016A global leader in the mobile money sector, Africa looks set to go from strength to strength in this field as the continent's banks and network operators forge an increasingly co-operative relationship, leaving the customer as the ultimate winner.
Top 100 African Banks ranking: Egypt emerges
January 4, 2016Egyptian and Nigerian lenders put in the most notable performances in The Banker's Top 100 African Banks ranking, while South African institutions continue to dominate the upper echelons of the table.
Investing in African banks
January 4, 2016Having undergone a series of consolidations, and operating in a region with a young, largely unbanked population, Africa's banks are attracting the attention of investors from all over the world. However, choosing where to invest remains a challenge.
Bank of the Year Awards 2015 – Africa
December 3, 2015With the highest number of submissions to this year’s awards coming from Africa, competition in each of the country categories was tough. The full results and write-ups reveal which banks shone through.
Top 100 Arab Banks 2015: another strong year
October 1, 2015Banks across the Arab world continue to perform well despite the turbulent political environment, according to The Banker’s Top 100 Arab banks ranking.
Will Suez Canal expansion live up to Egypt's expectations?
October 1, 2015The speed with which Egypt completed its Suez Canal expansion has given observers confidence that the country’s ambitious SCZone plan really could become the economic powerhouse the government envisions.
Nigeria’s problems pile up
October 1, 2015Weak GDP growth, jittery investors, tumbling oil prices: Nigeria’s banking sector is a challenging place to be as the central bank introduces some controversial regulatory measures
Nigeria's economy hits a bump in the road
October 1, 2015Nigeria's economic growth has slowed over the past year, and delays in naming a cabinet by new president Muhammadu Buhari are doing little to restore confidence in the country. However, the long-term prospects for Africa's largest economy remain strong.