Nigerian Banking & Finance: Legal & Regulatory Overview (2015)

A GDP of US$510 billion makes Nigeria the 26th largest economy in the world and the largest in Africa. The rebasing of Nigeria’s GDP saw the country’s debt-to-GDP ratio fall to 11 per cent from 19 per cent. Foreign financial institutions, investors, service providers and the Nigerian banks themselves can only be expected to take advantage of the attractive financial and other opportunities presented in various sectors of a fast-growing economy.