By Collins Nweze Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020. This represents a seven per cent growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria Stock Exchange (NSE) on Friday, the pan-African bank stated […]
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Corporate Visibility: Ghanaian Banks Insensitive to Media Visibility?
Listen to article The Visibility Collins Dictionary defines visibility as ‘how much is seen or noticed by other people’. Visibility is very important in corporate-brand communication; it hinges on who sees your corporate brand and the level of the brand’s attributes retention and retrieval among your targeted consumer segment. On the other hand, corporate brand […]
Ecobank Holds Stakeholder Engagement Webinar, Launches Religious, Education Products
Proshare Nigeria Pvt. Ltd. Ecobank Nigeria has concluded arrangement to host a webinar to provide insightful information on how banks can effectively help educational institutions and faith based organisations through digital banking offerings. The webinar which is part of Ecobank Digital Series scheduled to hold on Tuesday, February 16 2021, is titled " Digital Enablement […]
Africa’s most politically powerful bankers: Hott, Kooli and Ofori-Atta
Ken Ofori-Atta, Amadou Hott and Ali Kooli, Ghanaian, Senegalese and Tunisian finance and economy ministers. © Montage JA It seems like more bankers are getting into politics in Africa. In 2015, Lionel Zinsou’s appointment to the position of prime minister in Benin by President Boni Yayi surprised many people in the country and beyond. Since […]
Cheque transactions drop as MoMo transactions exceed GH¢389 billion in 2020
The value of MoMo transactions was estimated at GH¢569 billion in the 2020 fiscal year According to data from the Bank of Ghana , the total value of mobile money transactions far exceeded the value of cheque transactions, by GH¢389 billion in 2020. The value of MoMo transactions was estimated at GH¢569 billion in the […]
Ecobank introduces money transfer via SMS, WhatsApp
Ecobank Nigeria has unveiled a new app for transfering funds by email, SMS and WhatsApp. Head, Consumer Banking Ecobank Olukorede Mrs Demola-Adenyi said this 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 and keeping social distance due to […]
Snapshots on African Economy
Friday, February 12, 2021/ 12:40PM / United Capital Research / Header Image Credit: Umaizi Proshare Nigeria Pvt. Ltd. Anglophone West Africa Ghana Ghana’s Parliament has shut down for at least three weeks over a surge in coronavirus cases among lawmakers and staff. At least 17 members of parliament and 151 support staff have been infected […]
Ecobank Nigeria announces pricing of its Senior Unsecured $300m bond
Ecobank Nigeria, a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that it has successfully priced its ¢300 million bond issuance maturing in February 2026. The settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with […]
Ecobank Nigeria prices USD 300 million bond issuance maturing in Feb 2026
Mr Akinwuntan continued, “I would like to extend my appreciation to our regulators, the Central Bank of Nigeria, for their timely support and continuous guidance, in granting necessary regulatory approvals.” Image Credit: Wikimedia Ecobank Nigeria ("ENG" or "the Bank") (Ecobank.com/ng), a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company […]
Ecobank Nigeria announces 7.125% price for its $300m bond
WorldStage Newsonline– Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021. According to the bank, “the fixed-rate, US […]