The board of Ecobank decided on Tuesday to remove chief executive Thierry Tanoh following months of turmoil over leadership of one of the biggest financial institutions in sub-Saharan Africa, bank sources said. Two senior bank sources said that Tanoh had been removed during a board meeting in the Cameroon capital […]

Suspended Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, recently told New York Times that the $20 billion he accused the state-owned Nigerian National Petroleum Corporation (NNPC) of not remitting was actually shared by a powerful cabal close to government, ahead of next year’s all-important general elections. According to Sanusi, […]

The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter. The SEC’s inquiry adds to European and U.S. regulatory probes of possible manipulation […]