Business Hilights

Tracking Nigeria's Headline Business News Online

Ecobank Plc

Nkontchou, a Cameroonian now heads Ecobank Transnational Incorporated board

Technology driven continental financial giant, Ecobank has announced the appointment of Alain Nkontchou, a Cameroonian and Independent Non-Executive Director since 2015, as Board Chairman of its holding company, Ecobank Transnational Incorporated (ETI), with effect from 30 June 2020. In accordance…

Banks’ take over 15 tank farms, petrol stations, assets of defaulting marketers’

Indications have emerged that commercial banks that assisted several downstream oil and gas investors with deep pocket loans, having tried every legal processes to get back their facilities are now combing nook and carnies of the country searching investments and…

GTB, Zenith Bank, others await second tranche of Etisalat’s negotiated loan payment

Indications have emerged, showing that the dusts raised by $1.2 billion, about N30bn loan jointly pulled by a consortium of banks in 2013 for Etisalat are yet to settle. Earlier last month, banks involved in the deal opened up to…