By Dipo Olowookere A new report by Agusto & Co. Limited has shown that in the 2020 fiscal year, the banking industry in Nigeria recorded a decline in electronic banking income. In the report by the nation’s foremost research house and rating institution, it was stated that the drop was by 27.3 per cent despite […]
Dar es Salaam — The distributor of new and used commercial vehicles, Benbros Motors Limited, has been ordered to pay Ecobank Tanzania Limited Sh399 million in unsettled loan it secured for importation of vehicles. The Commercial Division of the High Court has rejected defence of the vehicle importers and three guarantors of the loan who […]
Director General of SSNIT, John Ofori-Tenkorang An analysis of the quality of the Social Security and National Insurance Trust’s (SSNIT) investments in loans and advances has revealed that 94.7% is impaired. Loans and advances of the trust amounted to GH¢1.7 billion (GH¢1,750,625,000). Out of this amount, a total of GH¢1.7 billion (GH¢1,705,212,000), representing 94.7%, falls […]
Honorary Vice President of Imani Africa, Bright Simons Founder of mPedigree who is also Honorary Vice President of Imani Africa, Bright Simons, has highlighted that out of the US$300million total investments undertaken by the management of the Social Security and National Insurance Trust (SSNIT), US$250 million have so far gone bad. He said this in […]
SSNIT • SSNIT has responded to the Auditor-General’s report • The company says US$4.15 million of the locked-up funds have been retrieved • SSNIT further states efforts are being made to recover the rest of the money The Management of the Social Security and National Insurance Trust (SSNIT) has reacted to the Auditor-General’s report that […]
Ecobank and the African Union Development Agency New Partnership for Africa’s Development ( AUDA-NEPAD ) have held a virtual graduation ceremony for more than 200 graduates of the Ecobank MSME Training for Financing Program. The Graduates came from the eight countries in the pilot phase of the MSME Academy including Kenya, Chad, Côte d’Ivoire, Ghana, […]
A Nigerian man, Ali Fagba, has accused Ecobank of illegal monthly deductions from his bank account. Speaking to SaharaReporters, Fagba claimed he realised about N12,000 disappeared in his account in July but he was told it was deducted because he was owing an online company. He said he decided to write the company but got […]
The Managing Director of Ecobank Development Corporation Investments Ltd (EDC), Paul Kofi Mante has said many people retire without plans to maintain cash flow in their lives. In expressing his worry, he said, “A lot of people retire and are rich in assets, but poor in cash flow. This means they may have a big […]
Ecobank Nigeria has said that it is creating a special platform to celebrate Nigerian youths as part of activities to commemorate International Youth Day which holds annually on 12th August. Head, Direct Banking, Adetola Oshomah, said the bank, as part of its Mobile Xpress (MX) Online Series, will host a symposium with the theme: “Finding […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
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