Since its declaration of independence in 1960, Nigeria has played an active role in promoting regional stability and economic development. The West African country has been a leading member of both the African Union and ECOWAS. Through successive administrations, Abuja has adhered to the widely held mantra, “African solutions to African...
Founded by the Treaty of Lagos in 1975, ECOWAS has served as a force for regional integration in areas ranging from education to security to monetary policy. The organisation is comprised of fifteen neighbouring countries including Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger,...
The most populous country and arguably the largest economy on the continent, Nigeria is widely regarded as an African powerhouse. With abundant natural resources and a young, dynamic population, the country has long played an important role on the continent and it has the potential to be a wider global player in the coming decades.
Significant political progress has been made in Nigeria in the last 18 months. The ballot box has taken centre stage as the country has carried out a peaceful handover of power – its first since becoming independent – at both the executive and legislative level. The development is a significant one for this country of 184m people, although the...
A domestic margin lending crisis in 2008 and 2009 led to a significant shake-up of Nigeria’s banking sector. In the wake of the period, banking executives were charged with mismanagement, lenders were nationalised and the industry as a whole was in need of support. This was evident in a myriad of ways, but one of the most visible was the...
Does the macroeconomic climate present a risk of higher non-performing loans?
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