Three Nigerian banks begin QR code payment in Ghana
Six banks in Ghana have initiated services to allow the public pay for goods and services through the universal Ghana Quick Response (Gh QR) code.
Ekiti partners bank on women empowerment
Ekiti State Government has partnered Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state.
Ecobank partners USAID, NIRSAL, DBN on agric funding
Ecobank Nigeria is opening up multiple partnerships with the United States Agency for International Development (USAID), Nigeria Incentive-based Risk-Sharing System for Agricultural Lending
Ecobank canvasses standards, good governance to drive intra-Africa trade
The Group Chairman, Ecobank Transnational Inc., Emmanuel Ikazoboh, has urged Nigerians to ensure their products meet global standards.
Ecobank, NIRSAL seal N70b agric financing deal
Ecobank Nigeria has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), on a N15 billion...
CBN signals end to official rate regime for naira
The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated. The development is signaling an end to the most criticised foreign exchange rate window, which has been used mostly…
Honeywell is not indebted to Ecobank, court rules
A Federal High Court, Lagos has held that Honeywell Flour Mills Plc and its sister companies; Anchorage Leisures Limited and Siloam Global Limited are no longer indebted to Ecobank Nigeria Limited. Justice Ayokunle Faji made the declaration while delivering judgement in a suit filed by Honeywell Group against Ecobank Limited. Following a dispute…
Ecobank can’t renege on settlement agreement with Honeywell, court rules
The Honeywell Group yesterday emerged victorious in its protracted legal dispute against Ecobank with the judgement delivered by the Federal High Court, Lagos in which the court held that Honeywell’s payment of N3.5 Billion between 2013 and 2014 constitutes the full and final settlement of its indebtedness to Ecobank Nigeria Limited. According to the judgement…
How neglect, resource mismanagement led to poverty, insecurity – Buhari
President Muhammadu Buhari has attributed the current poverty and insecurity being experienced across the country to decades of neglect and resource mismanagement by past administrations. The president stated this when he received the board of Ecobank Transnational Incorporated, led by the Group Chairman, Mr Emmanuel Ikazoboh at the Presidential Villa, Abuja, on Tuesday. He further…