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.
The U.S. Securities and Exchange Commission extended the ability of asset-backed bond issuers to omit credit ratings from filings to comply with the Dodd-Frank financial reform act that became U.S. law in July.
Saudi Arabia’s King Abdullah named Prince Khaled bin Bandar bin Abdulaziz as the next governor of Riyadh, handing one of the kingdom’s most important regional postings to the second generation of royals.
Nigeria’s ruling People’s Democratic Party is in danger of splitting over who to nominate as its candidate to run for the presidency of Africa’s top oil producer next year, Rolake Akinola and other analysts said.
Vietnam’s arrest of a high-profile banking tycoon triggered the largest stock market drop in almost four years amid investor concern that it signaled wider vulnerabilities in the country’s financial system.