Nigeria's central bank governor, Godwin Emefiele, tells James King that his economic policies, which some have blamed for a decline in manufacturing in the country, encourage foreign exchange flows and improve transparency, and thus investor confidence.
Africa
Latest articles from Nigeria
Nigeria's big banks defy country's economic difficulties
October 1, 2016As 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.
Nigeria's banks rethink African expansion plans
March 1, 2016Economic 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?
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.
Nigeria's election calm: good news for Africa?
April 27, 2015The smooth transition of power in Nigeria bodes well for better governance across the continent.
Down but not out: Ecobank enters a new phase
September 1, 2014Ecobank’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
August 1, 2014Investors 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, 2014With 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, 2014South 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.