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Latest articles from Nigeria

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

June 29, 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.

Nigerian banks shrug off regulatory headaches

April 1, 2014

Nigeria’s banks may be suffering the impact of regulatory changes and monetary tightening, but the country’s robust growth and economic reforms are taking away the sting.

Godwin Emefiele

The tough act to follow at Nigeria's central bank

April 1, 2014

Investors in Nigeria were shocked when central bank governor Lamido Sanusi was suspended in February. His likely successor, Godwin Emefiele, is a very different character, but he will be keen to prove he is no less independent.

Nigerian president Goodluck Jonathan

Nigeria: still on track?

April 1, 2014

Nigeria’s rapidly growing economy has increased its appeal to the world’s emerging market investors. But political tensions ahead of next year’s elections and failed reforms have exposed some glaring weaknesses.

Trouble rumbles on at Ecobank

A cautionary tale for African banks

March 24, 2014

The controversy that has dogged pan-African lender Ecobank in the last nine months has shaken it to its core. Last month Thierry Tanoh, its chief executive, was forced to stand down in what was the latest and, Ecobank shareholders will hope, possibly the last in a series of events that has dented the institution’s credibility.

Nigeria's credibility on the line

March 3, 2014

In Nigeria, ousted central bank governor Lamido Sanusi is under scrutiny. However, on an international level, it is the government that should be worrying about its reputation.

MINT banks face fresh challenges

MINT banks face fresh challenges

March 3, 2014

If the early 2000s were all about the emerging economies of Brazil, Russia, India and China, now attention is shifting to the up-and-coming countries of Mexico, Indonesia, Nigeria and Turkey – the MINTs. And with rapid economic growth predicted, retail banks in these countries will be under enormous pressure to keep up.

Ngozi Okonjo-Iweala

Nigeria's FM prepares for 'brutal' year

March 3, 2014

With elections looming, Ngozi Okonjo-Iweala’s next year as Nigeria’s finance minster promises to be even more demanding that usual. But she is determined to ensure that the country’s strong macroeconomic performance of recent years and reform agenda do not slip. 

Top 400 African banks ranking, 2013: Nigeria’s banking bonanza

January 2, 2014

In the latest ranking of African banks, Nigeria’s lenders had a blockbuster year in terms of profits, demonstrating their recovery from the country's 2009 crisis, while South Africa's banks remain way out in front of the rest of Africa, but continue to experience subdued growth. 

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