United Bank for Africa (UBA) has officially filed a lawsuit to challenge the controversial sale of 60% stake in the Ibadan Electricity Distribution Company (IBEDC) by the Asset Management Corporation of Nigeria (AMCON), a transaction worth 100 billion naira (67 million USD). The bank denounces an “illegal, opaque and detrimental transaction to its interests and…...
Trending
- Senegal: 94,085 economic units registered with NINEA in 2025
- Cameroon: Pope calls on government to “break the chains of corruption”
- Equatorial Guinea: a Deloitte audit reveals over 7 billion CFA francs of mismanaged social debts
- Standard & Poor’s confirms Egypt’s rating at B with stable outlook despite persistent external risks
- Tunisian Automobile Company (STA) increases its revenue and profit, while freezing dividends
- Cameroon: How the Vice Presidency Could Boost Economic Attractiveness
- Togo: Mixx by Yas activates interoperable instant transfers within the UEMOA
- Fitch maintains Nigeria’s rating at “B”
Nigeria: UBA challenges the sale of IBEDC by AMCON
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com