* 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 […]
Tag: Nigeria
Shell warns of “significant” profit miss
Royal Dutch Shell (RDSa.L) warned on Friday that its fourth-quarter figures are expected to be significantly lower than recent levels of profitability because of oil and gas prices and problems with its refining business. The sharp cut in forecasts for earnings on a current cost of supplies basis (CCS), excluding […]
Nigerian president replaces military chiefs, loses ally in party crisis
* Military struggling to stem Islamist insurgency in north * President facing political crisis, mass defections * Nigeria to hold hotly contested elections next year * Jonathan critics fear he will break presidency rotation * Financial markets remain calm Nigerian President Goodluck Jonathan replaced his entire military leadership on […]
