Nigeria

Nigeria's Central Bank (CBN) has announced the recapitalisation of four of the eight banks that have been bailed out by the state during the financial crisis.

Nigeria's Central Bank (CBN) has announced the recapitalisation of four of the eight banks that have been bailed out by the state during the financial crisis.

Nigeria's state asset management company (AMCON) has announced that it will issue an additional 500 billion naira ($2.59 billion) in zero-coupon bonds.

Nigeria's state asset management company (AMCON) has announced that it will issue an additional 500 billion naira ($2.59 billion) in zero-coupon bonds.

The Central Bank of Nigeria is worried about how a low level of lending by financial institutions is affecting the country's economy.

The Central Bank of Nigeria is worried about how a low level of lending by financial institutions is affecting the country's economy.

Banking rules in Nigeria should be altered to increase protection for customers, one political analyst has suggested.

Banking rules in Nigeria should be altered to increase protection for customers, one political analyst has suggested.

Credit to the private sector increased during the second quarter of 2010, new figures from the country's central bank have revealed.

Credit to the private sector increased during the second quarter of 2010, new figures from the country's central bank have revealed.