Nigeria’s naira firmed against the dollar on the interbank market on Monday after the central bank said it will sell dollars on forward delivery from Monday in its bid to shore up the domestic currency’s value. The naira strengthened 0.69 percent to 163.70 to the dollar, up from its 164.85 […]
Author: InvestAdvocate
Ecobank shareholders pass governance action plan, CEO stays
* Meeting agenda did not contain resolution on Tanoh * CEO must step down, says bank’s top shareholder * Tanoh took over as CEO in Jan. 2013 (Adds quote, context) Ecobank shareholders passed a governance action plan to address criticism by Nigeria’s securities regulator at an extraordinary general meeting […]
Investors may continue to flee Russian stock market at open
Russia’s stock market, which lost nearly $60 billion on Monday, may fall further on Tuesday on escalating tensions over neighboring Ukraine, analysts said on Tuesday, suggesting that the losses may be muted. “There is potential for further losses, however not of course as it was yesterday when the market felt […]
