Lors du conseil d' administration de the BOAD in Dakar, chaired by its president Serge Ekué le 27 mars dernier, la Banque ouest-africaine de développement (BOAD ) approved a financial envelope of 82.5 million dollars (50 billion CFA francs) in favor of the government nigerian

The banking sector in Niger is under pressure. Sonibank is one of the largest public banks at the heart of the crisis. The bank holds nearly 8% of Niger's banking assets. It plays a crucial role in supporting small businesses, local authorities and the agricultural sector. Banque centrale des États de l' Afrique de l' Ouest For months, Sonibank has been struggling to respond to withdrawal requests from its customers and no longer complies with the main financial regulations established by the ( BCEAO). The crisis is the result of the accumulation of unpaid debts, the rise in bad loans and a sharp drop in deposits, mainly due to the economic downturn that followed the July 2023 coup in Niger and the resulting regional sanctions

The financing approved by BOAD will help stabilize the bank, which is facing liquidity shortages and poor financial management. The rescue plan comes in a context of general instability in the Nigerian banking sector, aggravated by the political crisis and economic sanctions.