The world is celebrating Nigeria’s success, and over $ billion of foreign investment has gone into the sector since 2005. By end 2007, there will be about 7 or more banks with shareholders fund in excess of $ billion and over 10 banks with market capitalization of over $ billion each (there was none in 2004).
BIS Review 111/2000  2  In periods of transition from unsustainable to more modest rates of growth, an economy is obviously at increased risk of untoward events that would be readily absorbed in a period of boom. The sharp rise in energy prices, if sustained, is worrisome in this regard.