Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]
Tag: Nigeria
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 […]
Nigeria hands state power assets to private buyers
* Nigeria selling state power firm for $2.5 billion * Electricity shortages are huge brake on economy * More state power plants to be sold next year Nigerian President Goodluck Jonathan handed ownership of the bulk of the state electricity company to private buyers on Monday, completing one […]
