Wilson PonNigeria Might Open Up Its Door Back to The Foreign Banks!
September 1st 2009 11:16
Nigeria, as the most populated nation in Africa, most of the citizens is living below the poverty line.
Did you know that Nigeria had settled a rule that imposed law part-nationalizing banks? Due to this reason, many international banks have already left Nigeria since 1970 for good and never return afterward!
However, the Nigeria’s central bank has mentioned that they’re now preparing to open up the door to the foreign international banks.
Mr. Lamido Sanusi, the Nigeria’s central bank new governor said it’s time to encourage the outside investment, as it’s one of the main and crucial parts for Nigeria to have a more stable and organize financial system.
The only problem is, Nigeria is well-known as one of the most corrupt countries in the world. Would the foreign bankers interested to set up their franchise in this developing country?
Well, we’ll wait and see…
PS: Picture thanks to waifem.
Did you know that Nigeria had settled a rule that imposed law part-nationalizing banks? Due to this reason, many international banks have already left Nigeria since 1970 for good and never return afterward!
However, the Nigeria’s central bank has mentioned that they’re now preparing to open up the door to the foreign international banks.
Mr. Lamido Sanusi, the Nigeria’s central bank new governor said it’s time to encourage the outside investment, as it’s one of the main and crucial parts for Nigeria to have a more stable and organize financial system.
The only problem is, Nigeria is well-known as one of the most corrupt countries in the world. Would the foreign bankers interested to set up their franchise in this developing country?
Well, we’ll wait and see…
PS: Picture thanks to waifem.
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