With many competing firms offering a robust suite of product offerings and related services, the insurance market in Nigeria is vibrant and growing. Like many sectors across Africa, however, domestic insurers often lack the capacity to underwrite the majority of risks stemming from the main drivers of the economy. Nigeria’s primary revenue generators – oil and gas, and the mining sector –...
Financial Services
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Chapter | Capital Markets from The Report: Nigeria 2017
Given the difficulties experienced by Nigeria’s economy in 2016, every sector grappled with challenges, and capital markets were no exception. From external pressures such as low oil prices and US interest rate shifts, to internal factors such as depreciation and slowing oil production, investors in Nigeria had to account for a range of risks. These factors had a clear impact on inflows. In...
Despite the challenges to Nigeria’s economy, many of the country’s banks enjoyed healthy revenue and asset growth in 2016. Asset quality issues continue to hinder the sector, but banks have found avenues outside of lending activities to expand their balance sheets. One area of growth stemmed from the devaluation of the naira in 2016. According to the IMF, 45% of loans held by banks are in a...
With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges.
Dernière arrivée sur la scène bancaire ivoirienne, la Banque d’Abidjan (BDA) a ouvert ses portes le 5 septembre, portant à 28 le nombre total d’acteurs financiers que compte le pays.
Economic update | L’Algérie déploie son offre de finance islamique afin d’attirer les investissements et renforcer la bancarisation
31 Oct 2017
La finance islamique gagne du terrain en Algérie : les six banques publiques du pays se sont engagées à lancer des services de finance islamique d’ici la fin de l’année et le gouvernement a annoncé le lancement d’un comité de conformité charia.