Financial Regulatory Forum

Nigeria bourse boss denies debts as showdown deepens

August 24, 2009

By Nick Tattersall
LAGOS, Aug 24 (Reuters) – The head of Nigeria’s stock exchange on Monday denied being among debtors owing banks billions of dollars, the latest high-profile business figure to join a showdown with the country’s new central bank governor.

Nigeria bank bailout gives big opening to foreign investors

August 17, 2009

Lagos, Nigeria's central business district (File photo) By Ed Cropley, African Investment Correspondent
JOHANNESBURG, Aug 17 (Reuters) – Anyone wanting to be big in Africa has to be big in Nigeria, and the shock $2.6 billion bailout of five of its banks may have given foreigners a golden chance to enter the continent’s must-have market on the cheap. (more…)