Tag: Nigeria

Citi Names Top Nigerian Banker as Chief Executive Officer of SSA Division

Press Release New Africa Structure to focus on Growing Bank’s Coverage across Key Markets Johannesburg / Lagos– Citi today announced the appointment of Ade Ayeyemi as Chief Executive Officer for its Sub Saharan Africa Division, based in Johannesburg. The bank also announced that its North African business will now report […]

Nigeria’s Oando falls for a second day on Ibori allegations

Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following allegations by a British prosecutor about links to jailed former Nigerian oil state governor James Ibori. The energy company’s shares were down 9.37 percent at 9.14 […]

Utomi, EFCC disagree over 2007 campaign funding

Former Chairman of Bank PHB (now Keystone Bank), Prof. Pat Utomi, and the Economic and Financial Crimes Commission on Tuesday disagreed over the funding of his 2007 presidential campaign. The EFCC, through its counsel, Mr. Kemi Pinhero(SAN), said the defunct PHB had granted a N2.7bn loan to Baywood Continental Limited, […]