Nigerian financial infrastructures increasing cooperation

At Nigeria's third Capital Market Committee retreat, Kyari Bukar, the head of the country's central securities depository, reports on progress liberalising the market - and dealing with unclaimed dividends

Nigeria has in the past suffered from an image problem that has contributed to investor deterrent. But having recently overtaken South Africa as the largest economy in Africa, that could be about to change as Nigeria’s financial services leaders work together to modernise the country’s capital markets.

There is much in the pipeline. The launch of an exchange-traded derivatives market in Nigeria is planned for Q4 2014, with the creation of a central counterparty (CCP) on schedule to be finished