Mr. Sanusi says the Council’s report lacked integrity since the FRCN neither gave him fair hearing, nor allowed him the opportunity to respond to the weighty allegations against him. The suspended Central Bank of Nigeria, CBN governor, Lamido Sanusi, on Thursday shunned the much-publicized invitation by the Financial Reporting Council […]
Author: InvestAdvocate
S&P lowers Nigeria’s sovereign credit outlook to negative
Standard & Poor’s revised its outlook on Nigeria’s sovereign credit to negative from creditwatch negative, citing continued infighting within the country’s ruling party which has heightened political and institutional risks. S&P affirmed its ‘BB-‘ long-term sovereign credit rating on Nigeria. Source: Reuters
Old Mutual Sells Skandia Units as It Pares European Operations
Old Mutual Plc (OML), Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for 220 million euros ($303 million) in cash. The two businesses, part of the London-based insurer’s wealth division, are being acquired by a Cinven Ltd. and Hannover Re (HNR1) acquisition vehicle, which will rename […]
