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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 Nigerian Stock Exchange on Tuesday sustained positive trend to open trading for the month of September with a growth of N46bn.
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.
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.
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.
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.
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.
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.
The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.
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 Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, announces two new appointments and changes on its Board of Directors.
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.
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.
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.
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) has arrested a staff of the Protocol Unit of the Ebonyi State Government House, Abakaliki, over alleged N17 Million fraudulent transactions.
The Peoples Democratic Party (PDP) gubernatorial candidate in the last general election in Kano State, Abba Kabir Yusuf has accused Governor Abdullah Umar Ganduje of violating rule of law and due process on alleged sales of public property.
Chelsea defender Davide Zappacosta joined Italian side Genoa on a season-long loan on Saturday.
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.
The National Drug Law Enforcement Agency (NDLEA) has shed light on the “drug integrity test” for intending couples.
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
The Federal Executive Council on Wednesday approved a bill that seeks to, among other things, create an agency that will be saddled with the responsibility of managing proceeds of crime in Nigeria.
The West African Examinations Council (WAEC) has said it plans is to release the results of the just-concluded school-based West African Senior Secondary School Certificate Examination (WASSCE) within 45 days after the exam has ended.
Primate of The Church of the Lord (Aladura) Worldwide, His Holiness, Most Rev. Rufus Okikiola Ositelu, said to have predicted the emergence of COVID-19 last year, has again warned Nigerians that next year is a year of vengeance and divine reward.
The Federal Government says Emirates Airlines has been included in the list of airlines not allowed to operate in Nigeria as part of measures to curb the spread of coronavirus in the country.
Afghan presidential spokesman Sediq Sediqqi on Monday said the Afghan government intends to put an end to the longstanding war and violence in the country and ensure lasting peace.