Ecobank Transnational Incorporated grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the financial institution to 35 countries. The Chief Executive Officer, Public Investment Corporation, Mr. Elias Masilela, said the bank, whose chief […]
Author: InvestAdvocate
Dangote Sugar to Rally Support Nigeria on Local Content-GMD
By InvestAdvocate Lagos (INVESTADVOCATE)-Graham Clark, group managing director (GMD) of Dangote Sugar Refinery Plc Wednesday said the company will rally support the federal government of Nigeria (FGN) on local content. Clark said this at a courtesy visit and bell ringing ceremony to close trading at the Nigerian stock exchange (NSE) […]
Nigerian president orders audit of NNPC after graft allegations
Nigerian President Goodluck Jonathan has authorised a forensic audit of the national energy company, the presidency said on Wednesday, after weeks of public uproar over an alleged $20 billion in missing state revenues. Central Bank Governor Lamido Sanusi presented evidence last month to parliament that he said showed the Nigeria […]
