Latest articles from Nigeria

Mixed reaction

October 4, 2004

Some bankers accept that, in the long run, a higher capital requirement is necessary to strengthen institutions. But some are unhappy about the impact on smaller banks and about the difficulties of raising capital.

New rules for banks

October 4, 2004

Central Bank of Nigeria governor Charles Soludo talks to The Banker about his plan to increase banks’ minimum capital requirement.

A fragile sector

October 4, 2004

Barely a month in the job, new Central Bank of Nigeria governor Charles Soludo has thrown down the gauntlet to the country’s banks. By demanding a huge hike in minimum capital requirements, Mr Soludo is forcing the weak and fragmented industry to consolidate, in a move that he insists will result in a stronger banking system that plays a more active role in economic development.

Tighter hold on purse strings

October 4, 2004

Under finance minister Ngozi Okonjo-Iweala, the Nigerian ministry of finance is pressing ahead with fiscal reform, reigning in and cleaning up public expenditure. James Eedes reports.

New look wanted

October 4, 2004

Nigeria has put in place a reform strategy that aims not only to improve economic performance but to change people’s negative perceptions of the country.

Serious about financial reform

June 2, 2004

James Eedes finds that Nigeria’s finance minister is determined to put the country back on track.

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