* Governor Sanusi to leave central bank in 10 months * National elections in 2015 may hurt naira (Adds comments from deputy central bank governor) Nigeria’s central bank will resist pressure to devalue the naira since it retains ample funds to defend the currency, a central bank spokesman said, and […]
Tag: Nigeria
SEC Confirms Investigation on ETI’s 2012 Result
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Tuesday confirmed that it’s investigating Ecobank Transnational Incorporated (ETI), on allegations of breach of corporate governance. SEC said this in a statement signed by its management and made available to InvestAdvocate by Yakubu Olaleye, its head of media. “In […]
Nigeria’s AMCON seeks bids for Enterprise Bank sale
The Asset Management Company of Nigeria (AMCON) said on Monday it was seeking prospective investors to buy 100 percent of its shareholding in Enterprise Bank, the first of Nigeria’s three nationalised lenders to be put up for sale. “Bad bank” AMCON, which holds non-performing assets of troubled banks, in July […]
