Latest articles from Nigeria

Africa needn’t be scared of bond investors

February 25, 2013

Africa's upturn in fortunes in the past few years shows the advantages of having an open economy.


Renaissance Capital investment bank head seeks emerging market niche

August 1, 2012

After leading Morgan Stanley’s equities business outside the Americas, John Hyman is working to position Renaissance Capital as a focused player in a number of very different markets across emerging Europe and Africa.

Suleiman Barau

Nigeria targets building Africa’s dominant IFC

June 1, 2012

Given the size of its economy and the rapid pace at which it is growing, Nigeria has a good chance of establishing an international financial centre to rival Johannesburg – Africa's only IFC. The west African country is already close to creating the legal framework necessary, but overcoming the negative perceptions of many international banks will prove a tricky obstacle to overcome.

Nigerias First Bank faces fresh competition

Nigeria's First Bank faces fresh competition

May 1, 2012

Competition among Nigeria’s biggest banks will become even fiercer in the coming few years thanks to the creation of two new top-tier lenders in the wake of the country’s financial crisis. But the head of First Bank, the largest lender in Nigeria, is undaunted by the emergence of these rivals. 

African banks seek expansion beyond home markets

African banks seek expansion beyond home markets

May 1, 2012

African banks are increasingly looking outside of their domestic markets, and many of the continent's biggest lenders are now active in multiple countries, buoyed by greater access to vast unbanked populations and a more stable political environment.

Missed opportunity at the World Bank

April 23, 2012

The appointment of a US academic to head the world Bank instead of Nigeria's Ngozi Okonjo-Iweala shows how out of touch the institution is.

Nigerias 1000bn ambition

Nigeria's $1000bn stock market ambition

April 2, 2012

Nigeria’s capital markets have yet to recover fully after crashing in 2008. But thanks to extensive reforms by its regulators and a strengthening of investor sentiment amid rapid economic growth, the country's stock exchange is expected to take off in the next few years, and some bankers think its capitalisation can reach $1000bn by as soon as 2016.

Babatunde Fashola

The democratic and economic rewards of solving Africa's infrastructure deficit

January 3, 2012

Africa’s poor infrastructure has caused it to lag behind other emerging markets over the past few decades. And while better infrastructure is crucial for the continent’s economic development, it can also boost democracy and good governance.


Nigeria’s banks enter new dawn

November 1, 2011

Nigeria has revitalised its banks following their crisis two years ago. They are now far healthier and are once again making strong profits. But the shake up of the industry will continue for a while yet, as the affects of recent consolidation – including the creation of two new top tier banks – begin to be felt. 


Nigeria's Okonjo-Iweala vows to reform country's economy

October 3, 2011

Ngozi Okonjo-Iweala’s recent appointment as Nigeria’s economic tsar has led to high expectations that the country can finally start to fulfil its vast potential. But, despite her intellect, boundless energy and standing among investors, the task is a daunting one. 

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