Is the Exit of Global Banking Giants from Nigeria a Bad Sign?

The Central Bank of Nigeria has revealed that HSBC and UBS have closed their offices and shut down operations in Nigeria. The central bank has admitted that foreign investment fell to U.S.$1.2 billion in the first half of the year from U.S.$1.7 billion a year.

Global banking giant, HSBC.

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.