With the commencement of trading under the new foreign exchange guidelines on Monday, the Group Chief Executive Officer, Ecobank Transnational Incorporated, Mr. Ade Ayeyemi, has said there will be short-term pain and a need for adjustments. Ayeyemi, who stated this in an exclusive interview with Punchng, commended the decision by the Central Bank of Nigeria […]
Read More
Ecobank Nigeria Limited yesterday sacked 1,040 of its workforce, The Nation report. The 1,040, fell short of initial 1,400 slated for sack by management, following a review of the maiden list, a source said. Investigation revealed that the affected staff were those that achieved less than 40 per cent of their performance target, which have affected the […]
Read More Ecobank Nigeria Limited has urged the Federal High Court in Lagos to restrain Anchorage Leisures Limited from accessing its funds in 20 banks over an alleged N5.5 billion debt. The bank is claiming that Anchorage and its sister companies, Honeywell Group Nig. Limited and Honeywell Four Mills Plc, all owned by billionaire businessman, Dr Oba […]
Read More At the close of trading on the floor of the Nigerian Stock Exchange on Tuesday, Ecobank Transnational Incorporated, Oando Plc and Diamond Bank Plc led the market to a loss of N38bn. Ikeja Hotel Plc and Unity Bank Plc followed on the losers’ table alongside 21 other losers. The NSE market capitalisation sank to N8.855tn from […]
Read More
Honeywell Flour Mills Plc has appealed against partial freezing of its accounts by the Federal High Court in Lagos following an application by Ecobank Nigeria Limited. The court had, following an ex-parte application by the bank’s lawyer, Mr. Kunle Ogunba (SAN), restrained chairman of Honeywell Group, Dr. Oba Otukedo, the company’s directors and subsidiaries from […]
Read More
