12.05.2014 - 12:42 [ Wall Street Journal ]

Nigeria’s Incoming Central Banker Faces Growing Challenges

(05.05.) Recent moves by Nigeria’s legislature to make the governor of the central bank answerable to a politically appointed chairman might also spell trouble. Yvonne Mhango of Renaissance Capital, an emerging markets investment bank, says the issue is cause for concern. “When we first heard about it, it did raise questions about the independence of the central bank,” she said.