The Bank of Ghana (BoG) has directed all banks and all other financial institutions in the country to put measures in place to help stop the spread of the coronavirus. This is coming after Ghana recorded 6 cases in less than a week. The coronavirus pandemic has killed over 6,000 people out of nearly 170,000 […]
Tag: ecobank
Banks up precautionary measures to prevent spread of Covid-19
In the wake of recently recorded cases of the novel Coronavirus in the country, government and health experts have outlined a number of precautionary measures to be observed by citizens to contain the pandemic. These precautions include regular washing of hands or the use of hand sanitizers, covering the mouth or nose when coughing or […]
Nine banks ready for QR Code services
This means that people who want to be set up to use QR Code can approach those banks for assistance Some nine banks are ready to provide Quick Response (QR) Code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday. This means that people who want to […]
Liberia: Ecobank Makes US$20k Cash Donation to NPHIL to Fight Coronavirus
Monrovia – Ecobank Libera has donated USD20,000 (Twenty Thousand US Dollars) to the Government of Liberia through the National Public Health Institute of Liberia (NPHIL). The donation is intended to assist Government in procuring COVID-19 test kits to be used at all entry points in the country. The funds will also support efforts to curb […]
Ecobank shuts Abuja branch after customer dies from coronavirus
Ecobank Nigeria, on Monday, said it has temporarily closed its Wuse II, Abuja branch. This was announced in a statement released by the bank. According to the statement, the first victim of coronavirus to die visited the Abuja branch on March 12, 2020. However, according to the bank, at the time of visitation, the victim […]
Union Bank announces resignation of 2 executive directors, appoints new ones
Joe Mbulu, Chief Financial Officer, Union Bank One of the oldest financial institutions in the country, Union Bank of Nigeria Plc has announced the resignation and replacement of two of its Executive Directors. This was disclosed by the bank in a notification signed by the company secretary, Somuyiwa Sonubi and sent to the Nigerian Stock […]
Ecobank records 27% profit in 2019, liquidity position improves
Ecobank Ghana saw its profit increasing by about 27% in 2019 to GHS441 million. In 2018, the profit of Ghana’s second biggest bank was GHS337 million. According to its 2019 Audited Financial Statement, Return on Equity (ROE) went up by 28.6%. ROE is a measure of the profitability of a business in relation to the […]
Banks advise customers against visiting hall for transactions
In order to reduce the number of customers trooping into their banking halls, prevent large gatherings and encourage social distancing, as coronavirus fear spreads, some Nigerian banks have suggested the use of self-service through digital platforms and internet banking. Fidelity Bank and Ecobank sent out messages suggesting their customers take advantage of their digital innovations […]
Coronavirus: Now you can bank from anywhere- Ecobank tells customers
Ecobank Now that the Coronavirus pandemic is on its hideous tour of the world, there is panic everywhere, including Nigeria. There are also talks about keeping social distances and that people should avoid crowded places. Thus, Ecobank has issued a statement encouraging its customers to utilize its digital self-service solutions, including Ecobank Mobile App, Ecobank […]
Ecobank Nigeria drives financial inclusion, unveils Xpress Save and Xpress Loan
Ecobank Nigeria has unveiled a new product offering, Xpress Save and Xpress Loan, enabling customers to conveniently & speedily open digital savings accounts and also obtain short-term micro credit loans using their mobile phones through a USSD platform, *326#. Ecobank Xpress Save and Xpress Loan, the first of its kind in the Nigeria market, is […]