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Ecobank

13 Jun 2019
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…
11 Jun 2019
Following the successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (ETI) was hosted by the London Stock Exchange...
4 Jun 2019
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…
1 Jun 2019
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…
28 May 2019
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…
27 May 2019
Effective funding opimisation and drive for efficiency have enhanced profit goals of 14 listed banks, as they achieved cumulative profit of N256.088 billion...
23 May 2019
Sustained bargain-hunting extended the bullish run into the fifth consecutive trading day, causing market capitalisation to rise significantly by N408 billion.     Yesterday, the All-Share Index (ASI) gained 927.01 absolute points, representing a growth of 3.07 per cent to close at 31,145.15 points. Similarly, the market capitalisation gained N408 billion to close at N13.718 trillion.…
15 May 2019
At least three state governments and six financial institutions have enlisted into the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) rating programme. The exercise, which is to stimulate the flow of finance and investment into the agribusiness sector, seeks to assess the performance of key stakeholders such as financial institutions and state governments…
10 May 2019
PricePointe Wholesale Club has commenced operations in Nigeria, with the launch of its ultra-modern warehouse in Lagos. The 8000 square meters indoor warehouse is the first of six locations it plans to set up to help its members get products at manufacturers’ prices, while cutting out traditional middlemen in the process. The new entrant, modelled…
15 Apr 2019
Banking industry’s profit has become a manifest of tale of mixed fortunes. While the nation’s Deposit Money Banks regale with huge numbers...
14 Mar 2019
The Chartered Institute of Bankers of Nigeria (CIBN), said it plans to collaborate Ecobank Nigeria, in the drive for financial inclusion and capacity building.
21 Feb 2019
To deepen financial inclusion, Ecobank Nigeria, has launched the EcobankPay zone, to boost the $4 billion-worth annual business at the Alaba International Market.

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Multi-country African Research findings have shown high rate of COVID-19-related deaths among hospitalised children and adolescents. According to a recently published study involving researchers from Institute of Human Virology Nigeria (IHVN), and Ahmadu Bello University, Zaria, Nigeria, African children and adolescents hospitalised with COVID-19, experience high mortality rates. These rates of morbidity and mortality were…
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The All Progressives Congress (APC) Elders’ Advisory Council has advised party members in the state to see Adebayo Alao-Akala’s death as enough sacrifice to foster unity and embrace genuine reconciliation..
22 mins ago
The Anambra State Police Command, yesterday, said it was launching an investigation into the death of another schoolboy at St.Valerian Catholic School in Onitsha, following alleged beating by a female teacher.
22 mins ago
Oil-producing states got N49.003b as 13 per cent derivation from the sharing of monthly federal allocation for December, while the Federal Government received N279.457b, states got N210.046b...