JOHANNESBURG, DECEMBER 18, 2018 – Shares in Nedbank, one of South Africa’s four largest lenders, fell by over 4 percent on Tuesday after a story in a local newspaper said Nigeria’s Financial Reporting Council had launched a probe into its West African associate Ecobank.
Nedbank holds a stake of around 20 percent in the Togo-based lender, whose performance often weighs on Nedbank’s results and share price.
