The Shock Waves Hit Nigeria

摘要

In the weeks after Lehman Brothers filed for bankruptcy, Nigerian banker Mohammed Garuba gathered his business partners in a Lagos office to figure out how to save their new investment banking firm, CardinalStone Partners. "We were scared," he recalls. "We were supposed to make a lot of money from corporate finance and trading, but clients were not executing trades anymore. All of that income vanished. It wasn't even about making profits. We were just thinking of how to survive."