CBN holds back approval for Ecobank’s subsidiary company

The Central Bank of Nigeria (CBN) has delayed approving the component audit of a material subsidiary company of Ecobank Transnational Incorporated (ETI).

This has forced Ecobank to postpone the release of its Consolidated Audited Accounts or earnings report for the year ended December 31, 2022.

Ecobank had planned to publish the financial statements within 60 days after the year’s end, which falls in the first week of March 2023.