Bank of America Corp (BAC.N) said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank’s common shareholders a net loss for the third quarter. Since 2010, the second-largest U.S. bank has agreed […]

A Federal High Court in Abuja has been urged to restrain the Central Bank of Nigeria (CBN) from further implementing its reintroduced N65 on cash withdrawal from others’ banks’ ATMs. The new CBN Governor, Godwin Emefiele had on August 13 announced that a customer, who makes cash withdrawals from the […]

Afren Plc (AFR), a U.K. oil and gas explorer, fired Chief Executive Officer Osman Shahenshah and Chief Operating Officer Shahid Ullah for “gross misconduct” following an investigation into unauthorized payments. Afren, operating in Nigeria and Kurdistan, has begun legal action to recover the missing funds, it said in a statement […]