Monday January 20, 2020

The time has come to get real

Nigeria has addressed its banking crisis with decisiveness and conviction - and now Ireland must do the same

22nd August, 2009

The banking crisis is providing quite amusing reading. No, not the one here - the one unfolding in Nigeria. The difficulties of the Nigerian banks do not relate to dodgy investments linked to the US mortgage market. Instead, their problems are largely homegrown. Just like our banks.

A number of Nigerian banks extended vast sums of money to wealthy individuals as credit exploded in recent years, after a reform of the banking system. Much of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 weeks ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago