Wednesday, July 28, 2010
Central bank of Nigeria governor: Nigeria’s banks back on their feet, says Sanusi
Nigeria’s banking system is getting back on its feet a year after nine banks were forced to remove their management for failing an audit, according to the man who enforced the changes.
| By Nick Kochan and Charles Hardwick |
Lamido Sanusi, Nigeria’s central bank governor, says that the affected banks are turning their businesses around and are now seeking capital injections from investors. “These banks were on the brink of collapse and they’ve been kept afloat by a combination of funds from central bank and a very good management. They have cut down costs, they have returned the banks to profitability and they are engaging potential partners and are looking for investors. In the circumstances and given the global situation, they have done very well,” Sanusi tells Euromoney in an exclusive interview.
In a sign...
You must be a subscriber to read this article.
If you are already a subscriber, please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.
If you have yet to take a free trial to the site, you may do so now to read this content. Sign up below.
If you do not currently have access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30%
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe
Because the financial sector is oversupplied with information, facts and figures and daily emails, you need one trusted source that will keep you updated on many markets. Reading Euromoney will save you time, save you money, help you spot new business opportunities and minimise risks to your existing operations.Every issue gives you a concise yet detailed update on the key developments from your specialist sector whilst keeping you informed of what is happening in other core areas.
Your free trial will bring you -
Exclusive interviews: Read what the best minds in the markets are thinking. Euromoney speaks to CEOs, Finance Ministers and Central Bank Governors so that you get first hand details behind the success or failure of the world's leading institutions and nations.
In-depth features: Get the detail, data and analysis behind the headlines that other financial press don't have time to provide. Our journalists give you the legal, regulatory and market considerations that are driving developments in the global capital marlets.
Market Insight: You get insight that data screens just don't give you. Our journalists based in the local markets, as well as the major financial centres, get you closer to the action. Helping you spot market trends, threats and opportunities, and sharing insights into the latest developments shaping the world you work in.
Don't miss out on this offer. Take a free trial today!
Click here to take a online trial
