Ecobank Nigeria Limited has insisted that it would appeal the judgement of a Federal High Court in Lagos which ordered it to pay Honeywell Group N72.2 billion billion over an illegal ex-parte order obtained by the bank against the manufacturer. The bank in a statement noted that the judgment cannot stand the test of time, saying it would vigorously challenge Read More
Oba Otudeko has urged FBN Holdings Plc to disregard the request made by Ecobank in a letter on the recognition of shares transferred to Barbican Capital Limited. Recall that Barbican Capital, a company reportedly owned by Otudeko, last Friday purchased an aggregate of 4,770,269,843 shares in FBN Holdings Plc putting its stake at 13.3 per cent. Otudeko, in the cross Read More
Ecobank Nigeria Limited has been recognised for promoting gender balance and equality in the workplace at the Nigeria2Equal Gender Leader Awards organised by the International Finance Corporation (IFC) and Nigerian Exchange Group (NGX Group). The awards are designed to recognise private sector companies in gender equality performance. Ecobank Nigeria was an awardee in the gender diversity in Supply Chain category Read More
Ecobank Transnational Incorporated (ETI), says it plans to leverage the African Continental Free Trade Area Agreement (AfCFTA) to facilitate payments across Africa. The new Group Chief Executive Officer of ETI, Jeremy Awori revealed this recently in Lagos, adding that the bank’s platform could be scaled to accommodate other African countries under the AfCFTA based on their respective regulations. Awori, who Read More
The Nigerian Exchange Limited (NGX) has sanctioned four listed firms for inability to meet the regulatory requirements ranging between the third quarter of 2022 and the full year of 2022. The companies include Ecobank Transnational Incorporated Plc, Notore Chemical Industries Plc, PZ Cussons Nigeria Plc, and John Holt Plc. Further checks showed that PZ Cussons Nigeria Plc led with N4.8 Read More
The Nigeria Exchange Limited (NGX) says three firms — PZ Cussons Nigeria Plc, Ecobank Transnational Incorporated, John Holt Plc — have been sanctioned for reportedly filing their audited and interim financial statements after the regulatory due date. This is contained in the exchange’s X-Compliance Report dated March 17, 2023 The X-Compliance Report is a transparency initiative of NGX Regulation Limited Read More
Ecobank has postponed the release of its Consolidated Audited Accounts or earnings report for the year ended December 31, 2022 following Central Bank of Nigeria’s (CBN) delay in approving the component audit of a material subsidiary company of Ecobank Transnational Incorporated (ETI). Ecobank had planned to publish the financial statements within 60 days after the year’s end, which falls in Read More
Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has said its workplace is free of bias and gender-based discriminations. Speaking on the anniversary of International Women’s Day (IWD), Head, Human Resources, Ecobank Nigeria, Adekunle Adewuyi, stated that the bank as a responsible organisation, has in place structures for ensuring all women can reach their full potentials and have Read More
Ecobank Nigeria has announced the commencement of Season 3 extension of its Super Rewards Campaign. The customer-focused initiative is designed by Ecobank Nigeria to reward customers’ loyalty. The campaign tagged: Season 3.1 is set to reward 100 customers with cash prizes of N50,000 monthly, while four customers will go home with N1 million each at the end of the Season Read More
Ecobank Nigeria has extended its innovative remittance services to its business account holders. This implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business (B2B), Business to Customer (B2C) and Customers to Business (C2B) transaction types directly into their business accounts. The bank is also Read More
Ecobank Nigeria has concluded arrangements to hold a consumer-focused and investment-oriented webinar titled “Today’s Opportunities for Your Money; Making the Best of the Moment”. The webinar, slated for May 6, 2022, by 11am is in commemoration of Workers’ day and it will feature a carefully selected panel of speakers; notably Jimi Ogbobine, Head of Agusto Consulting, business experts from the Read More
Ecobank Nigeria will host the maiden edition of its “Fintech Breakfast” series on Friday 22 April 2022. The hybrid event scheduled for 8:00am will have physical attendance at Ecobank Pan African Centre (EPAC) on Victoria Island, Lagos and streamed live on select social media platforms. The registration link to participate is https://cutt.ly/EcobankFintech Two major topics to be examined at the Read More
Ecobank Nigeria has entered into a partnership agreement with the Ogun State government to provide mortgage financing to interested civil servants who are allottees of the state’s housing scheme. Under the housing scheme, the Ogun State Government has developed an acquisition arrangement to build and allocate houses to senior civil servants, to be purchased through installment within a defined period Read More
Ecobank Nigeria has extended easy and low interest loans to market women in Idanre, Ondo State through its Ecobank Female Entrepreneurship Initiative (EFEI), to boost and expand their trading businesses. Unveiling the scheme at Owa’s Palace, Idanre, Head of Classic Banking, Ecobank Nigeria, Femi Ogundairo, said the Ecobank Female Entrepreneurs’ Initiative loan was specially designed by the bank to financially Read More
Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘with a Stable Outlook, and also upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’. According to Fitch, the IDRs of Ecobank Nigeria are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of ‘b-‘, stating that the bank has a moderate Read More
KPMG, Nigeria’s Leading audit and professional services company, has ranked Ecobank Nigeria among the top five leading banks in Wholesale (Corporate) Banking in the KPMG Customers’ Experience and Satisfaction Survey. Ecobank moved eight places higher than its 2020 classification, and ranked number five in the 2021 survey of Nigerian banks. The top banks in order of rating include Citibank, Standard Read More
As part of its youth development initiative, Ecobank Nigeria in partnership with Learntor, a comprehensive Agile Digital Transformational training and consultancy company has provided intensive Digital Technology training for selected youths across the country. The training focused on developing the capacity of the youths in Agile, Scrum, Data Analytics, Business Analysis, Cyber Security, and Scrum Master Certification. Speaking during a Read More
All is now set for the various activities to mark this year’s Ecobank Day across 33 African countries where it operates. The Ecobank Day is a flagship annual event, when staff of the pan African bank show commitment and give back to local communities where the bank has operations. This year’s event scheduled for Saturday 23 October will focus on Read More
The Witness, a credible Nigerian newspaper in digital and print formats, is set to launch a non-governmental organization, ‘The Witness Newspaper Foundation’, in commemoration of its fourth year anniversary. The event is billed to hold on Sunday, October 24th, 2021, at the prestigious Lagos Continental Hotel (formerly Intercontinental Hotel), Victoria Island, Lagos. A statement on Monday by the managing director of the newspaper, Read More
Due to popular customers demand, Ecobank Nigeria has flagged off Season Two of its Super Reward programme. Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria, who announced the commencement of the Season Two campaign in Lagos, said the bank was impressed with the excitement generated in Season One, stressing that the Season Two is an opportunity for more customers to be Read More
Bold and passionate entrepreneurs will on Sunday, October 10th, 2021, get the chance to pitch businesses and ideas in a new reality TV show, Lions’ Den produced by Ultima Shows with support from Ecobank. The reality show airs every Sunday at 7pm on AfricaMagic Family, Channels 154 on DSTV and GOTV Channel 2; with repeat broadcasts on Wednesdays at 3pm Read More
The Board of Directors of Ecobank Nigeria has announced the appointment of three non-executive directors: . Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs. Bimbola Wright. According to the Board, the new Directors have distinguished themselves in their various careers bringing with them a wealth of experience in the financial services industry, their professionalism and integrity, that has earned them Read More
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described the federal government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of the nation’s economy are strong with capacity to meet its debt obligations. Akinwuntan, who was assessing the global market as Nigeria makes its Read More
Ecobank Nigeria has announced special loan packages for parents and guardians to enable them pay school fees for their children and wards ahead of resumption for the 2021/2022 school year. Also, the bank is making special infrastructure loans available to educational institutions. This, according to the bank, will equip them adequately for the new session. Announcing the various ‘back to Read More
Ecobank is hoping to see growth in businesses operated by its customers as well as enhance savings culture through its Super Reward Scheme. Managing Director/Regional Executive of the bank Patrick Akinwuntan further anticipates that the Scheme will deepen savings amongst Nigerians. Speaking at the presentation of Super Reward grand prize of N1 million cheque to each of the four winners, Read More
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