By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday slipped deeper into negative territory as all-share index (ASI) declined 0.42 percent to close at 25,745.13 basis points; while market capitalisation dipped by N37.31 billion to N8.86 trillion. This is coming on the heels of sell-offs in key […]
Tag: Ecobank Transnational Inc
Ecobank CEO Denies Misconduct Amid Corporate Governance Review
Ecobank Transnational Inc. (ETI)’s Chief Executive Officer Thierry Tanoh denied allegations of fraud by a senior manager. “The bank’s governance norms are such today that what has been said couldn’t have been done,†Tanoh said in an interview last week in Paris. “We are doing a review because it’s time […]
Nigerian Naira Retreats Most in Two Weeks as Bank Sales Decline
Nigeria’s naira depreciated to the lowest in two weeks as investors demanded dollars after the central bank sold the least foreign currency at auctions in more than a month. The currency of Africa’s biggest oil producer retreated 0.2 percent to 158.40 per dollar by 2:51 p.m. in Lagos, Nigeria’s commercial […]
