Citigroup Inc (C.N) said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The company said in a statement the matter involved about $585 million in short-term credit extended by its Banamex unit to Oceanografia SA de […]
Frauds & Scandals
Nigeria’s next central bank chief a steady hand, who’ll keep out of politics
* New governor likely to continue tight monetary policy * Central bank will be expected to stay out of politics * Governor will have challenge of defending the naira Nigeria’s incoming central bank governor Godwin Emefiele is seen as a steady hand who will maintain tight monetary policy in the […]
Sanusi is still CBN governor –Jonathan
President Goodluck Jonathan on Monday said that Mallam Lamido Sanusi was still the Governor of the Central Bank of Nigeria. Fielding questions from a panel of journalists during the presidential media chat in Abuja, Jonathan said Sanusi would only cease to be governor of the bank if found guilty of […]
