By Collins Nweze Ecobank has extended its zero charge for digital money transfers below N5,000 till the end of September. In addition to the free charge, users of Ecobank Mobile, Ecobank Online, and USSD – Ecobank *326# will enjoy zero charge for digital money transfers below N5,000. New customers can also benefit from this by […]
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African Development Bank concludes R2 billion investment in Nedbank SDG-linked bonds
(AfDB) – The African Development Bank Group has concluded the investment of R2 billion (around $116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa. This investment, which is listed on the green bonds segment of the Johannesburg Stock Exchange, will strengthen Nedbank’s capital base and enable it to generate R12 […]
Man, 50, robbed of church cash, killed in daylight
A 50-year old office assistant of the Bantama Seventh Day Adventist (SDA) Church met his untimely death last Tuesday, June 30, 2020 when he was shot by suspected armed robbers in broad daylight in front of the church. Mark Amofa was shot several times by the robbers who were on motorbikes after they robbed him […]
CBN imposes fresh CRR debits on banks to the tune of N118 billion
On July 3rd, 2020, the Central Bank of Nigeria (CBN) once again debited many banks in Nigeria in line with its Cash Reserve Ratio (CRR) compliance requirement. This time around, about 14 banks were debited to the tune of N118 billion. These banks are: Access Bank Plc: N3 billion Guaranty Trust Bank Plc: N15 billion […]
MTN Ghana and GCB Bank Dominate Trading by Volume and Value, Respectively
GCB Bank (-2. 27%), the sole decliner at the session inched the benchmark index down by 2. 55 points (-0. 13%) to close the session at 1,958. 06 with a year-to-date return of -13. 25% while the market capitalization eased by 0. 05% to settle at 53. 72 billion. Accordingly, the GSE Financial Index moderated […]
Ecobank; a leading Pan-African bank in creating solutions to SMEs
Ecobank; a leading Pan-African bank in creating solutions to SMEs Eco bank is a Pan-African commercial bank dedicated to creating more solutions to the challenges facing the business community. Among other challenges, a capital tops the list others are failure to have an effective and sustainable business, lacking guarantors during acquiring or applying for new […]
Ecobank Ghana receives Green Climate fund Accreditation
Ecobank Ghana has been accredited by the Green Climate Fund (GCF). This prestigious accreditation was given to Ecobank last year, following a unanimous Board approval of the recommendations of the fund’s Panel of Experts on Accreditation. Ecobank, therefore becomes the first entity in Ghana and the first Commercial Bank in Sub-Saharan Africa to be accredited […]
Ecobank Ghana receives Green Climate Fund Accreditation to support solar projects
Ecobank Ghana has been accredited by the Green Climate Fund (GCF), paving way for the institution to receive funds from the GCF for on-lending to beneficiary institutions involved in climate change projects in Ghana. The financial capacity of the accreditation enables the bank to finance projects up to US$250million. A statement from the bank said, […]
Global Finance names Ecobank Most Innovative Bank in Africa
Home World Menu Middle East & Africa Global Finance names Ecobank Most Innovative Bank in Africa Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance. […]
Ecobank Surrenders in US$5M Economic Sabotage Case
Ecobank Liberia Limited, one of two banking institutions charged by the government for their alleged role played in the misapplication of US$5,062,419.10, on Monday, June 22 surrendered to the jurisdiction of Criminal Court ‘C’ at the Temple of Justice, where the bank is expected to be tried on various charges that include economic sabotage. The […]