Tag Archives: Ecobank

Ecobank posts triple-digit growth of N104.51 billion

Ecobank Transnational Incorporated Plc released has its audited results for the nine months period ended 30th of September, 2021. In the details of the esults filed with the Nigerian Exchange Limited (NGX), the bank posted triple-digit growth in bottom line income of N104.51 billion, as earnings per share improved to N3.01 kobo during the period under review. According to the ...

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Ecobank warns prospective buyers to stay away from Honeywell Group

Ecobank Nigeria Limited has placed a caveat on any share of Honeywell Group Limited following media reports on a move by Flour Mills Nigeria PLC to acquire 71.69 per cent of Honeywell Group Limited. It warned off prospective buyers on the ground that Honeywell Group Limited is allegedly hugely indebted to the bank, adding that the debt is currently the ...

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Ecobank introduces new app for transferring funds through email, WhatsApp, SMS

Ecobank Nigeria has introduced a new app for transfering money by email, SMS and WhatsApp. The announcement was made by the Head, Consumer Banking Ecobank Olukorede Mrs Demola-Adeny Acccording to her, the new move was  was part of the bank’s innovation in digital banking. She said: “This opportunity couldn’t have come at a better time when many people are self-isolating ...

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Ecobank secures N50 billion 10-year bilateral subordinated loan

Ecobank Nigeria, has secured a N50 billion, 10-year bilateral subordinated loan. The disclosure was signed and made known to the media by the Group Head, Adenike Laoye and sent to the Nigerian Stock Exchange. The funding will enable the bank to maintain a quality and stable balance sheet and also to ensure stable liquidity. The statement from the bank reads: ...

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FG closes in on tax evaders via bank details

The federal government is currently working on modalities to implement the common reporting standards (CRS) in the country, which would enable it to obtain every taxpayers’ information directly from the commercial banks. The CRS is a standard for automatic exchange of bank accounts information on individuals and certain types of entities. All countries that have implemented the standard will be ...

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