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 […]
EcobankPay transactions value hits N1bn Ecobank Nigeria’s newly launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector. The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ellevate product introduced to the nation’s financial landscape on Wednesday, is targeted at […]
An example of Florida wetlands. Credit: Julie Hauserman I watched some of the opening Olympic ceremonies last week for one simple reason: I had read that Florida has more athletes in Tokyo right now than any state besides California. And they’re not just there to get away from the smell of the red tide fish […]
…Deploy infrastructure for immediate forex sale By Babajide Komolafe & Elizabeth Adegbesa n Banks Chief Executives have warned against presentation of fake documents for foreign exchange purchase, even as they expressed readiness to sell foreign exchange to members of the public as directed by the Central Bank of Nigeria (CBN). This follows the decision of […]
Dan Sackey is the Managing Director of Ecobank Ghana Ecobank Ghana has recorded a increases of 32.8% year-on year profit before tax to ¢474.9 million in the first half of the year. This consolidated its gain as one of the top three profitable banks in the country. However, for profit-after-tax, the bank recorded ¢320.4 million […]
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