October 26, 2015/The Will The Financial Reporting Council of Nigeria (FRC) has suspended the Chairman of Stanbic IBTC bank, Mr. Peterside Atedo and Managing Director, Mrs. Sola David-Borha from the board of the bank over accounting irregularities, and improper disclosures in the bank’s 2013 and 2014 financial statements. It also barred […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Stanbic IBTC Holdings Plc said on Monday allegations leveled against it by the Financial Reporting Council of Nigeria (FRCN) were inaccurate. “Although the matter is in court, we are constrained to respond to certain aspects of the report for the benefit of our stakeholders […]

Mon Oct 26, 2015/ Reuters * MTN is Africa’s largest mobile operator * Nigeria is MTN’s biggest market * MTN shares down 12 pct (Adds analyst comments, Nigeria economy, shares) Telecom group MTN confirmed on Monday that the Nigerian regulator had fined it $5.2 billion for failing to disconnect subscribers […]