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 […]
Capital Market
Ecobank Transnational to Acquire 96% Stake in Mozambique Bank, Banco ProCredit
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender, Ecobank Transnational Incorporated (ETI) Monday said its willing to acquire a 96 percent (96%) stake in Mozambique bank, Banco Procredit Mozambique (PCM). This is contained in a joint statement by ETI and ProCredit Holding Germany (PCH). Banco ProCredit Mozambique is a subsidiary […]
Nigerian markets stabilise, offshore investors on sidelines
The Nigerian naira fell 0.5 percent on Monday while yields on government debt were broadly stable, as offshore investors remained on the sidelines even as dealers said turbulence at the central bank had largely been priced in locally. The local currency has been under heavy selling pressure since President Goodluck […]
