ETI Suspends Sale of Stake in Ecobank Nigeria (allAfrica.com)

Ecobank Transnational Incorporated (ETI), has foreclosed the plan of selling some its stake in its Nigeria subsidiary, Ecobank Nigeria Limited, due to falling equities’ prices. The Chief Executive Officer of the bank, Mr. Ade Ayeyemi, stated this in an interview with Bloomberg. The bank had said that it would sell part of its stake in Ecobank…