Nigerian banks are ignoring small businesses and, without a formal microlending industry, the prospects of this changing are bleak. Stuart Theobald reports.

With 84% of money in circulation outside the banking system, banks have little impact on Nigeria’s population, providing few consumer retail services and virtually no consumer lending.

Nigerian banks are improving their corporate and investment banking capabilities but there is still some way to go, writes Stuart Theobald.

In the post-consolidation era, stronger capitalisation of the banks will result in stiffer competition. Stuart Theobald sizes up the players, old and new.

Central bank governor Charles Soludo has overseen a massive consolidation of the banking sector but that is only the start of his reform plan, says James Eedes.

The overhaul of the banking system is the latest reform milestone crossed by the Obasanjo government. Although many challenges lie ahead, the momentum of reform is gathering pace, promising long-lasting transformation, writes James Eedes.

The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future

Polycarpe Abah Abah
Minister of Economy and Finance Cameroon

HSBC
Adbel Salam El Anwar, Chairman & CEO