The Nigerian stock market suffered a decline on Wednesday, April 9, as the market capitalization dropped to N65.47 trillion from N65.58 trillion the previous day. The all-share index (ASI) also depreciated by 189.73 basis points to 104,187, resulting in a 0.18% decline in the total value of the market. The decline was largely attributed to…
Following the tremendous success of its inaugural edition, Soto Gallery, in partnership with Ecobank Nigeria Limited, Africa Finance Corporation (AFC), and Main Sponsor Craneburg Construction Company are set to host the second edition of the +234 Art Fair. The highly anticipated event will take place from March 27th to March 31st, 2025, at the Ecobank…
Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans can be used to finance a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchase & repairs, asset purchase, and more. The program is available to civil servants and…
High Court, sitting in Abakaliki, the state capital has ordered the Executive Chairman, Maize Growers, Processors and Marketers Association of Nigeria, Ebonyi State office and Eco Bank Plc to pay N10 million damages in favour of one Nzubechi Okoro for fraudulently using his bank details to obtain loan facility without his consent. Truetells Nigeria reports…
Ecobank Nigeria is set to host its inaugural Design & Build Expo, aimed at highlighting the latest trends, innovations, and sustainable practices in architecture, construction, building materials, household appliances, engineering, and interior design. This carefully curated five-day event tagged “Building Nigeria Together” will take place from November 27 to December 1, 2024, at the…
Ecobank Group continues to navigate the complexities of the African banking landscape, its Nigerian operations are increasingly becoming a point of concern, consistently lagging behind the Group’s other regions in terms of performance. Over the past five years (2019-2023), Ecobank Nigeria has contributed an average of 7.5% per year to the Group’s profit before tax,…
The Central Bank of Nigeria (CBN) has denied claims that it is investigating Ecobank Nigeria and Ecobank Transnational Inc. Specialised Resolutions Company (ETISRC) for alleged extortion. In response to a statement titled ‘Central Bank of Nigeria investigating allegations of extortion at Ecobank Nigeria,’ the CBN clarified that it is not conducting any probe into the financial…
Small and medium enterprises (SMEs) in the country have been advised to embark on brand repositioning to survive the current competitive environment. General Manager, Enterprise Marketing, MTN Nigeria, Charles Okonkwo, made this submission in his presentation titled: Positioning your brand for a success in a competitive market, delivered at the Ecobank MySME Growth Series webinar….
Small and medium enterprises (SMEs) in Nigeria have great potentials and opportunities to earn foreign exchange (forex) if their products are well branded and packaged to meet international standards. Managing Director/Chief Executive, Export and Sell Limited, Nduka Udeh made this submission in his presentation titled: Earning FX By Exporting to USA and Canada, delivered at…
The Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and its artists. The exhibition will display more than a thousand works of art from emerging and…
