2018: Banking Industry in Nigeria

Executive Summary Since the 2008/2009 global financial crisis, the biggest banks, often termed “too big to fail”, have taken steps to shore up capital buffers. Some have raised additional capital to almost 3x the pre-crisis level and as a result, are in a healthier position to withstand any major shocks to the financial system. Further […]

Nigerian Consumers’ Spending Patterns are Changing

What does the Nigerian consumer spend his money on? And how have these spending patterns evolved in recent times? Thinking comprehensively about consumer spending entails reflecting, in a broad-based manner, on the range of commitments to which income earners – and non-income earners (who, nonetheless, make expenditures) – are obliged, on account of what they [...]