Justice J.T. Tsoho gave the order on Friday in a suit filed by Mr. Sanusi through his counsel, Kola Awodehin. A Federal High Court in Lagos has given a preservatory order restraining the Financial Reporting Council of Nigeria, FRCN, from investigating the suspended Central Bank Governor, Lamido Sanusi. Justice J.T. […]
Author: InvestAdvocate
AFDB Plans $200 Million Boost to Nigeria’s Power Risk Guarantees
The African Development Bank is in talks with Nigerian officials to boost the value of its partial-risk guarantee for power industry investments by $200 million this year. An agreement would see the amount from which eligible projects can benefit rise to $380 million from $180 million, Bocar Toure, senior energy […]
Ecobank’s Largest Investor Says Lender Must Evaluate Growth Rate
Ecobank Transnational Inc. (ETI)’s board must reconsider the speed at which the pan-African lender expands after allegations of management fraud and poor governance, South Africa’s Public Investment Corp. said. “One of the key lessons coming out of Ecobank is that the pace at which you grow is very important,” Elias […]
