The naira currency firmed against the United States dollar on the inter-bank foreign exchange market on Wednesday, supported by large dollar sales by units of two energy multinational companies and a slowdown in demand. The naira closed at N162.55 to the dollar on the inter-bank market, slightly higher than the […]
Author: InvestAdvocate
Barclays to pay $400M-plus to settle LIBOR charges
Barclays agrees to pay $400M-plus to settle charges it attempt to manipulate key lending rates Associated Press Barclays PLC and its subsidiaries have agreed to pay more than $400 million to settle charges that it attempted to manipulate and made false reports related to setting key global interest rates. The […]
Starcomms chairman not detained by EFCC
Lagos, Nigeria, 26 June, 2012: The management of Starcomms Plc has said the chairman of the company, Chief Maan Lababidi, was not detained by the Economic and Financial Crimes Commission (EFCC) in connection with its on-going investigation into the company’s N64 billion 2008 private placement. There had been reports on the […]
