Ecobank ordered to pay N22.5billion for wrongful sales of Airtel share and other banking news

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Daily Banking News Summary

REGULATORY

  • Abbey Mortgage bank, 35 others fined N434.2m by NSE for failure to file annual returns as at when due. Read more
  • Nigerian balance of payment improved by $2.8 million surplus in Q4, 2018 – CBN. Read more

FRAUD

  • How Akingbola diverted Intercontinental bank’s funds to buy £9.7m properties to buy house in London – witness. Read more
  • Akingbola lied about buying share for Intercontinental bank. Read more

OTHERS

  • Firstbank embarks on 125km walk as part of activities to mark 125years anniversary. Read more
  • Ecobank ordered by the court to pay N22.5 billion for wrongful sales of Airtel shares. Read more
  • World bank lauds management of NEWMAP for effectively executing erosion management projects. Read more
  • NUTGTWN lauds CBN’s ban on Forex for textile importers. Read more

CSR

  • Machines, Tola farms up for early wins at 2019 GTbank Polo tourney. Read more
  • 16 teams to compete in the quarter final of GTbank Master Cup season 8. Read more

PECUNIARY

  • Market sentiments continues to support GTbank share price. Read more

INTERNATIONAL

  • World bank earmarks $22.5 billion to fight climate change in Africa in 5 years. Read more

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