Switzerland‘s banks on Tuesday issued an unusually direct apology for their role in helping tax cheats, following a landmark settlement with U.S. authorities which could threaten the existence of some firms. The banks do not know the ultimate cost of a government settlement to a long-running U.S. drive to pierce […]
Author: InvestAdvocate
CBN Sells Forex worth $258.5m
The Central Bank of Nigeria (CBN) on Monday sold 258.5 million dollars (N40.06 billion) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System (WDAS). The apex bank sold $263.67 million at the previous WDAS on August 28. Some dealers attributed the decrease in forex sales to the […]
Ecobank: Our 2012 Financial Accounts were Duly Audited
The Ecobank Transnational Incorporated (ETI) Monday maintained that its 2012 consolidated financial accounts were audited and properly certified by its auditor, the PriceWaterhouseCoopers (PwC). The pan-African bank, which said this in a statement, said the result was published under the International Financial Reporting Standards (IFRS), contrary to allegation that it […]
