Darasimi Adebisi The Federal Inland Revenue Service (FIRS), and other tax authorities in countries where Nigerian banks operate, generated a total of N450.2billion as tax income from six Domestic- Systemically Important Banks (D-SIBs) in three years, a report by the National Bureau of Statistics (NBS) has revealed. These six D-SIBs are GTCO Plc (formally Guaranty […]
The Managing Director of Ecobank Development Corporation Investments Ltd (EDC), Paul Kofi Mante, during Old Mutual’s ɔbra Pa Retirement Salary stakeholder engagement program held in Accra has ascertained that many people retire without plans to maintain cash flow in their lives. In expressing his worry, Mr. Mante said, “A lot of people retire and are […]
*Bankole Williams, Consultant, Career Coach; Hadiza Blell (Di’Ja) Singer & Songwriter; Adeoluwa Enioluwa, a Writer and Public Speaker; Jemima Osunde, Actress, Model and Presenter; Bright Okpocha (Basketmouth), Comedian and Actor and Ozinna Anumudu, expert in Fashion and Branding, at the digital seminar organized by Ecobank Nigeria to commemorate the International Youth Day in Lagos Nigerian […]
MONROVIA – The Plenary of the Liberian Senate has constituted an ad-hoc committee to investigate the increase in fees for inspection and clearing of containers at the Free Port of Monrovia. The decision was reached on Thursday after communication from Senator Edwin Melvin Snowe of Bomi County urged his colleagues to look into the matter. […]
MONROVIA – The management of the Liberia Electricity Corporation (LEC) has confirmed that one of the turbines at the Mount Coffee Hydro Power Plant is down, thereby, reducing the capacity of the hydro to three turbines producing 44 megawatts of electricity each. LEC in a statement indicated that all three units have been called into […]
Ecobank Transnational Incorporated (ETI) has posted its 2021 half year unaudited results, recording a profit before tax which grew to $210 million. This translates to an increase of by $40 million, or 23 per cent, or in constant currency, by 28 per cent, driven by positive operating leverage, efficiency gains, and improving credit quality. In […]
By Taofik Salako, Deputy Group Business Editor Ecobank Transnational Incorporated (ETI) Plc- the holding company for Ecobank Nigeria and others – grew its profit after tax by 29 per cent to N62.6 billion in the first half, showing a steady outlook across the top-line and the bottom-line. Key extracts of the interim report and accounts […]
Ecobank and its MD, Akinwuntan Ecobank Transnational Incorporated (ETI) recorded a 33.04 per cent rise in its profit before tax for the first half of the year ended June 30, 2021. In its unaudited financial statement for the first half of the year 2021, Ecobank said its operating income improved by 15.35 per cent year-on-year […]
Ecobank and its MD, Akinwuntan The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that the Pan African bank remains the payment gateway for Africa. Akinwuntan who was speaking on the topic “Optimizing sustainable trade, investment and regional economic integration through effective partnerships between ECOWAS institutions and regional institutions and the organized private sector” at […]
Banks fund 273,435 businesses with N1.8tr loan –CBN Amid growing anxiety over the fate of retail customers in the aftermath of the Central Bank of Nigeria (CBN) ban on sale of foreign currencies to Bureau de Change operators, managing directors of Deposit Money banks (DMBs) yesterday, said they are now set to fill the void […]
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