South Africa’s Public Investment Corp. supports the creation of a new board of directors at Ecobank Transnational Inc. (ETI) that includes Chief Executive Officer Thierry Tanoh, said a person with knowledge of the matter. The current board is seen as divisive and unable to make decisions, the person said, asking […]
Capital Market
Ngozi Okonjo-Iweala may be on her way out of Government
Very credible sources within government have re-confirmed to proshare that the coordinating Minister of the Economy and the Federal Minister of Finance (CMO/MoF), Dr. (Mrs .) Ngozi Okonjo-Iweala may have tendered her letter of resignation to the GON this week. This development, it would appear, occurred before the governments action […]
Nigeria’s naira hit record low of 169 to dollar before trading stopped
Nigeria’s naira fell to a record low of 169 to the dollar before trading stopped on Thursday owing to volatility caused by the suspension of central bank governor Lamido Sanusi, several dealers said. Source: Reuters
