Ecobak

Ecobank Exits Mozambique, Signs Over Institution To FDH Bank Plc

Ecobank Transnational Incorporated (ETI) says it has completed the divestment of its Mozambique subsidiary, Ecobank Mozambique S.A., to FDH Bank Plc. The bank announced the transaction in a statement filed with the Nigerian Exchange Limited (NGX) on Friday. According to ETI, the transaction has now received all required regulatory approvals. With the completion, Ecobank has fully exited…

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Dangote Refinery Backtracks, Restores Sale Of Petrol In Naira Nationwide

Dangote Refinery Backtracks, Restores Sale Of Petrol In Naira Nationwide

In a swift dramatic reversal, Dangote Petroleum Refinery has resumed the sale of petrol denominated in naira, less than 24 hours after announcing a suspension of local currency transactions. A memo circulated to marketers on Saturday confirms that the decision followed intervention from the Naira-for-Crude Technical Committee, chaired by Dr. Zacch Adedeji. “Following the intervention,…

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Dangote Refinery Suspends Sales Of Petrol In Naira

The Dangote Petroleum Refinery has now suspended the sale of petrol in naira, effective Sunday, a decision that has unsettled fuel marketers and spiked fresh fears of upward pressure on pump prices as well as volatility in Nigeria’s foreign exchange market. In a notice sent to customers at 6:42 pm on Friday, September 26, the…

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‘National Day Of Remembrance’ For Charlie Kirk Following His Assassination Approved By U.S. Senate And House

In the days leading up to conservative influencer Charlie Kirk’s memorial service, both the U.S. Senate and House of Representatives approved a resolution designating October 14 — his birthday — as a National Day of Remembrance. ABC New reports that the Senate on Thursday unanimously backed the measure, led by Sen. Rick Scott of Florida,…

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Nigeria, 68 Others Fail U.S. Fiscal Transparency Standards

The United States Department of State has released its 2025 Fiscal Transparency Report, a congressionally mandated assessment designed to evaluate the openness and accountability of governments around the world. According to the report, published on September 19, 71 of the 140 governments and entities assessed met the minimum fiscal transparency standards, while 69 failed to…

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