The independence of Nigeria’s central bank may be the biggest casualty of President Goodluck Jonathan’s suspension of Governor Lamido Sanusi, who has worked to build policy credibility in Africa’s biggest oil producer. The naira slumped to a record low yesterday, trading in the bond market was halted and the benchmark […]
Capital Market
South Africa’s PIC Said to Support Ecobank CEO on Interim Board
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 […]
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 […]
