* 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 […]
Capital Market
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 […]
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 […]
