The suspension of Central Bank of Nigeria Governor Lamido Sanusi, who sounded the alarm on alleged billions of dollars of missing oil revenue, sets back the fight against corruption in Africa’s largest crude producer. President Goodluck Jonathan, 56, has come under fire from opposition political parties, investors and the public […]
Author: InvestAdvocate
Nedbank Mulls Ecobank Governance Issues Before Deciding on Stake
Nedbank Group Ltd. (NED), the South African lender controlled by Old Mutual Plc (OML), said it would consider governance issues before deciding whether to exercise an option to buy a stake in Ecobank Transnational Inc. (ETI) Nedbank has until the end of November to convert the $285 million loan it […]
Ecobank Transnational to Acquire 96% Stake in Mozambique Bank, Banco ProCredit
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender, Ecobank Transnational Incorporated (ETI) Monday said its willing to acquire a 96 percent (96%) stake in Mozambique bank, Banco Procredit Mozambique (PCM). This is contained in a joint statement by ETI and ProCredit Holding Germany (PCH). Banco ProCredit Mozambique is a subsidiary […]
