By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The South African rand has been adjudged as one of the worst performing currencies in emerging market currencies in 2013, according to the International Monetary Fund (IMF). This is coming on the heels of the Fund’s conclusion of Article IV consultation of the […]
Author: InvestAdvocate
Naira Falls Most Since 2012 on Auction Changes
Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]
Ecobank CEO Denies Misconduct Amid Corporate Governance Review
Ecobank Transnational Inc. (ETI)’s Chief Executive Officer Thierry Tanoh denied allegations of fraud by a senior manager. “The bank’s governance norms are such today that what has been said couldn’t have been done,†Tanoh said in an interview last week in Paris. “We are doing a review because it’s time […]
