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The logo of South Africa's Standard Bank is seen above the company's headquarters in Cape Town, South Africa, file. REUTERS-Mike Hutchings-File Photo

South African bank profits seen taking years to recover from virus hit

Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE resumes September trading with N46 billion growth

The Nigerian Stock Exchange on Tuesday sustained positive trend to open trading for the month of September with a growth of N46bn.

Kaduna maize farmers decry delay in supply of fertiliser, other farm inputs

Maize farmers under the aegis of Maize Growers, Processors and Marketers Association of Nigeria (MAGPAMAN) in Kaduna state, have decried the late distribution of seeds, chemicals, and other components of the EcoBank/MAGPMAN Anchor Borrowers Scheme.
The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.

West Africa’s BCEAO central bank reopens in Mali for first time since coup

The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.
Ibrahim Magu . EFCC

Ibrahim Magu: Justice Salami panel yet to submit any report

Wahab Shittu, the counsel to the suspended acting chairman of the anti-graft agency, EFCC, Ibrahim Magu, has again restated his stance that the panel probing his client has not submitted any report.

Bank unveils special loan package for female entrepreneurs

Ecobank Nigeria has unveiled a special loan package for female entrepreneurs in the country. The Ecobank Female Entrepreneurs’ Initiative (EFEI) loan is specially designed by the bank to financially empower female business owners and entrepreneurs in the country.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Nigerian banks to limit debit card spending abroad to ease forex risk

Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Market indicators rise further 0.75 percent

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest.

Ecobank: We are building entrepreneurs, supporting financial inclusion

Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria.
Lagos State Government Coronavirus (Covid-19) Isolation Centre

Bank thanks doctors, nurses, security operatives, others

According to Akinwuntan, this group of people have continued to put the needs of others first and show sacrificial love to support the country’s effort at containing the scourge, stressing that the Bank remains grateful for their steadfast love for humanity in the execution of their daily task.

Coronavirus: Nigeria private sector coalition contribution hits N19.4 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.

Central bank, private sector coalition muscle N15 billion against coronavirus

At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).

Ecobank announces new appointments and changes on the board

Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, announces two new appointments and changes on its Board of Directors.

Tax tribunal orders Ecobank to pay N1.6 billion to FIRS

The Tax Appeal Tribunal has declared as illegal, null and void the decision of Ecobank Nigeria Limited to pay N5, 545,000,000 as dividends to its shareholders in 2016.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC witness says JAMB officer, boss failed to remit N36.5 million revenue

An EFCC witness, Stanley Ani, on Tuesday told an FCT High Court, N36.5 million was not remitted to the Joint Admission and Matriculation Board (JAMB) as revenue.
The National Industrial Court, Abuja, on Friday affirmed the dismissal of one Mr Odu Emmanuel, as Nigeria Law School Data processing officer.

Court orders reinstatement of sacked Ecobank staff

Hon. Justice Sanusi Kado of the National Industrial Court (NIC) Abuja judicial division, has declared the employment termination of Mr. Bello Ibrahim by Ecobank without valid justifiable reasons as wrongful and total disregard to the international best practices.

How security guard scammed lover of over N1 million

Sunday Adole, a security guard, on Friday appeared in an Ikeja Chief Magistrates’ Court, Lagos for allegedly stealing his lover’s ATM card and withdrawing N1.09 million from the account.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC arrests Ebonyi government house protocol officer over ‘N17 million fraud’

The Economic and Financial Crimes Commission (EFCC) has arrested a staff of the Protocol Unit of the Ebonyi State Government House, Abakaliki, over alleged N17 Million fraudulent transactions.

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The governorship election in Edo begins peacefully with impressive voters’ turnout in most wards across the state.6

Edo election: Presiding officers, observer commend electoral process

Some Presiding Officers in the Sept.19, governorship election in Edo and an international Observer team, Centre for Strategic Conflict Management, have commended the peaceful electoral process in Oredo Ward 4.
NDLEA

NDLEA clarifies stand on drug integrity test for intending couples

The National Drug Law Enforcement Agency (NDLEA) has shed light on the “drug integrity test” for intending couples.
Tale of vote buying flying all over the place within the Emokpae Model Primary on Mission Road, where Governor Obaseki is waiting to vote.

Edo election: Tension over alleged vote buying in Governor Obaseki’s polling unit

This is the case for the two major parties; a prospective voter who does want to be quoted said she will collect the money and vote for the candidate of her choice