The suspension of Central Bank of Nigeria Governor Lamido Sanusi, who sounded the alarm on alleged billions of dollars of missing oil revenue, sets back the fight against corruption in Africa’s largest crude producer. President Goodluck Jonathan, 56, has come under fire from opposition political parties, investors and the public […]
Tag: suspension
NSE Index Close’s Week -1.34% down for Second Consecutive Week
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) all-share index (ASI) closed the week -1.34 percent (-1.34%) down for the second consecutive week. Weekly stock market reports from analyst shows that the NSE ASI depreciated by -1.34% to a 6-1/2 lowto close at 38,295.74 basis points, compared with the depreciation of […]
Nigeria’s central bank governor to challenge suspension in court
Nigeria’s graft-fighting Central Bank Governor Lamido Sanusi said on Friday he would go to court to challenge his suspension by the president, saying he did not want his job back but wanted to question the legality of the move. President Goodluck Jonathan suspended Sanusi on Thursday, removing an increasingly outspoken […]
