U.S. equities rose, sending the Standard & Poor’s 500 Index above its record closing level and erasing its 2014 decline, amid confidence the economy is strong enough to weather reductions in monetary stimulus. Industrial metals fell while Ukrainian shares jumped the most since 2010. The S&P 500 advanced 0.8 percent […]
Capital Market
Suspension of Nigeria cenbank governor to boost opposition
* Opposition capitalises on Sanusi’s exposure of graft * Governor is more popular abroad than in Nigeria * Jonathan may become liability for ruling party * Ethno-religious politics may cloud corruption argument Nigerian President Goodluck Jonathan may have benefited his opponents in suspending a central bank governor they vaunt […]
Sanusi’s Suspension Deals Blow for Nigeria Corruption Fight
The suspension of Central Bank of Nigeria Governor Lamido Sanusi, who sounded the alarm on alleged billions of dollars of missing oil revenue, sets back the fight against corruption in Africa’s largest crude producer. President Goodluck Jonathan, 56, has come under fire from opposition political parties, investors and the public […]
