Nigeria banking gets back on its feet

Dr Kingsley Moghalu

One important lesson from the global financial crisis for emerging-market economies is that there is much value in maintaining a conservative approach to banking. In particular, this means keeping high levels of capital and prudent policies that emphasise risk management and sound corporate governance. This is particularly instructive for Nigeria, which also had to grapple with the adverse consequences of unbridled risk-taking and poor corporate governance practices by banks, necessitating the f

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