http://blogs.reuters.com/africanews/2009/03/13/is-east-africa-ready-for-oil/ African business, politics and lifestyle Wed, 22 May 2013 19:18:29 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/africanews/2009/03/13/is-east-africa-ready-for-oil/comment-page-1/#comment-3040 Andre Charoo Sun, 19 Apr 2009 05:02:37 +0000 http://blogs.reuters.com/africanews/?p=822#comment-3040 Hi Duncan,After reading your posting, I was wondering if you may have some insight into a related question posted on ProspectLinker, a community for professional conversations.Here's the question:Any thoughts on the state of financial institutions in Nigeria?While the American credit crisis has sent shockwaves throughout the global finance economy it has particularly impacted Nigeria. A perfect storm of depressed crude prices, the collapse of the American economy, its largest trade partner, and weak government regulation has driven the country's stock exchange index down 37% in the first quarter this year, the worst of 89 benchmark indexes that Bloomberg follows.Does the success of Nigeria's financial institutions depend on the resurgence of oil prices? Will greater government oversight prompt confidence and spur investment? Or is Nigeria so dependent on foreign investment that autonomous actions are negligible and success depends on global economic performance?***If you have some interesting insight, please feel free to share here - http://bit.ly/OudIpThanks,Andre Hi Duncan,After reading your posting, I was wondering if you may have some insight into a related question posted on ProspectLinker, a community for professional conversations.Here’s the question:Any thoughts on the state of financial institutions in Nigeria?While the American credit crisis has sent shockwaves throughout the global finance economy it has particularly impacted Nigeria. A perfect storm of depressed crude prices, the collapse of the American economy, its largest trade partner, and weak government regulation has driven the country’s stock exchange index down 37% in the first quarter this year, the worst of 89 benchmark indexes that Bloomberg follows.Does the success of Nigeria’s financial institutions depend on the resurgence of oil prices? Will greater government oversight prompt confidence and spur investment? Or is Nigeria so dependent on foreign investment that autonomous actions are negligible and success depends on global economic performance?***If you have some interesting insight, please feel free to share here – http://bit.ly/OudIpThanks,Andre

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