Tag: Investors

Ecobank under pressure as Africa tightens bank scrutiny

* CEO’s tenure under scrutiny after governance criticised * Nigeria’s SEC criticised Ecobank hiring, called for new chairman * Ecobank says to strengthen governance, call shareholder meeting * Investors disappointed by bank’s lack of governance * Ecobank spokesman says 2013 profits strong, share price unaffected    Ecobank’s response to criticism […]

Nigeria’s Exchange Set to Unveil 2014 Outlook

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) will on Wednesday January 15, 2014 unveil its 2014 outlook as it review’s  its activities in year 2013. The NSE had in its 2013 outlook said it’s up with key initiatives that are tied to the Exchange’s “five pillars” transformation […]

Mortgage refinances bounce back as rates settle

A sharp surge in interest rates caused mortgage refinances to plummet two weeks ago, but they are now finding their footing again. Applications to refinance rose 5 percent last week after falling 9 percent the previous week, according to a seasonally adjusted measure by the Mortgage Bankers Association. They are […]