The European Investment Bank (EIB) is providing €240m to three Nigerian banks for infrastructure projects, in a move that it is hoped will bolster confidence in the country's banking system.

Firing the chief executives responsible for mismanaging Nigeria's banks has been the first step to fixing the country's financial problems. Now the system is more transparent, Central Bank of Nigeria governor Lamido Sanusi is spelling out his vision for banking reform and stability. Writer Peter Guest

Despite a global downturn, low oil prices and the weakness of the naira, the lure of a London base is still of vital importance to Nigerian banks wanting to establish an international presence. Nick Kochan reports

As the Central Bank of Nigeria celebrates 50 years of existence, banker Anthony RP Williams, who has worked in Africa and Nigeria for almost the same length of time, reflects on the country's past and his experiences with the central bank.

Despite problems in credit markets, financiers appear committed to supporting the many improvements required in Nigeria's infrastructure sector, write Kevin Godier and Jon Marks.

Headlines on the exploits of Niger Delta militants often drown out positive news from the industry, where major companies will bring a number of big new oil and gas schemes on stream in the next few years, writes Jon Marks.

The Nigerian government is coming under increasing pressure to bail out the country's ailing bank sector, but many claim that the banks are resilient enough to survive the crisis without state support, which could do more harm than good. Charlie Corbett reports from Lagos.

A collapsed stock market and a plummeting oil price would normally be good reason for investors to steer clear of Nigeria. But the country is weathering the financial storm and its reformed bank sector, while unsteady, looks set to survive the crisis intact. Charlie Corbett reports from Lagos.