Latest articles from Nigeria

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Nigeria's big banks defy country's economic difficulties

October 1, 2016

As falling oil prices and rebel activity continue to weaken Nigeria’s economy, the strength of its systemically important larger banks is playing a vital role in keeping the country from a deeper recession, reports James King.

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Nigeria's banks rethink African expansion plans

March 1, 2016

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?

Nigerias-problems-pile-up

Nigeria’s problems pile up

October 1, 2015

Weak 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

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Nigeria's economy hits a bump in the road

October 1, 2015

Nigeria'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.

Nigeria's election calm: good news for Africa?

April 27, 2015

The smooth transition of power in Nigeria bodes well for better governance across the continent.

Ecobank enters a new phase

Down but not out: Ecobank enters a new phase

September 1, 2014

Ecobank’s reputation took a battering last year as it became mired in a well-publicised corporate governance crisis. Its new chief executive, Albert Essien, has restored some calm, and he tells Paul Wallace how he hopes to make the kind of returns that will entice more international investors to buy its stock.

Goldman opens access for Nigerian banks

Goldman opens access for Nigerian banks

August 1, 2014

Investors are willing to diversify into African corporate debt, despite emerging market volatility, as was proved by Goldman Sachs' $400m Tier 2 transaction for Access Bank.

Access Bank plays the long game

July 17, 2014

With Nigeria’s banks battling regulatory headwinds, Access Bank is weathering the storm admirably, with a growing presence in the retail sector positioning the bank well for long-term growth.

Top 1000 World Banks – Africa’s biggest banks endure a tough year

June 30, 2014

South Africa's lenders, for so long the shining light in Africa's representation in The Banker's Top 1000 rankings, retain the top spots in the regional list but mostly with falls in their Tier 1 capital. The good news, however, comes from the direction of Morocco's financial institutions.

Nigeria’s bad bank: here to stay

April 1, 2014

Amcon, Nigeria’s resolution vehicle set up after its 2009 financial crisis, has made a lot of progress restructuring the billions of dollars of loans it holds. But its chief executive Mustafa Chike-Obi says its work will get harder and argues against calls for it to be wound down quickly.

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