(The following statement was released by the rating agency) The findings of the Nigerian Securities and Exchange Commission investigation into Ecobank Transnational Incorporated (ETI) this month highlight the supervision and corporate governance risks of large pan-African groups, Fitch Ratings says. Insufficient cross-border supervision and lower regulatory standards in some frontier […]
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Unity Bank to Divest 50.30% Stake in UnityKapital Assurance
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Unity Bank Plc Friday announced it is ready to sell its 50.30 percent (50.30%) stake in UnityKapital Assurance Plc. UnityKapital in a notice to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria said Unity Bank as a major shareholder is […]
CBN Communiqué No. 93 of the Monetary Policy Committee Meeting of Monday 20 and Tuesday 21 January, 2014
The Monetary Policy Committee (MPC) met on January 20 and 21, 2014 against the backdrop of uncertainties in the global economy, especially arising from the commencement of the QE3 tapering by the Fed. In attendance were eight (8) out of the ten (10) members following the retirement of Mr. Tunde […]