TAG: ECOBANK

Ecobank Nigeria restricts $1000 spending limit to platinum Naira mastercard holders

Ecobank Nigeria restricts $1000 spending limit to platinum Naira mastercard holders

Customers using Ecobank master cards for international transactions may be forced to get the Ecobank platinum card in order to maximize their dollar spend...


All the major economic news from Nigeria in 5 minutes – 12/7/2017

All the major economic news from Nigeria in 5 minutes – 12/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Federal Government on Tuesday, disclosed that the current  economic recession  will end in...


All the major economic news from Nigeria in 5 minutes – 28/6/2017

All the major economic news from Nigeria in 5 minutes – 28/6/2017

Summary of the top business, economic and political news in Nigeria today.   The African Development Bank (AfDB) has called on financial credit providers...



All the major economic news in Nigeria in 5 minutes 22/6/2017

All the major economic news in Nigeria in 5 minutes 22/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Acting Chairman, Fiscal Responsibility Commission (FRC), Victor Muruako, has advised...


AMCON made a N254 billion loss in 2016

AMCON made a N254 billion loss in 2016

MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of the opinion that doing so,...


The Nigerian Economy Today 3/5/2017

The Nigerian Economy Today 3/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Forex: CBN bars 16 banks from SME window...


Ecobank Is Cutting Costs To Return To Profitability

Ecobank Is Cutting Costs To Return To Profitability

Nairametrics|As part​ of efforts to stream​line costs, Pan African bank, Ecobank, has decided to merge 74 of its branches. Perhaps to avoid friction with...


Brief: Ecobank’s 2016 FY Results

Brief: Ecobank’s 2016 FY Results

Ecobank today released audited results for the financial year ended 31 December 2016.   Revenue N’million FY 2016| N506,166 FY 2015| N416,488 %age change|22%...


A Qatari Bank Is Now Ecobank’s Second Largest Shareholder

A Qatari Bank Is Now Ecobank’s Second Largest Shareholder

A new Number...


Notice to Ecobank Transnational Incorporated (ETI) Preference Shareholders

Notice to Ecobank Transnational Incorporated (ETI) Preference Shareholders

  In line with the Terms on Conversion of Preference shares recommended to Oceanic shareholders by the Oceanic Board as were stated in the...


Nigeria’s Top 10 Banks According to Deposit Base

Nigeria’s Top 10 Banks According to Deposit Base

Nigeria's top 10 banks according to deposit base as at 2015 end are...


Ecobank Appoints New MD And Regional Executive For Anglophone West Africa

Ecobank Appoints New MD And Regional Executive For Anglophone West Africa

Ecobank Transnational Incorporated (ETI) have announced the appointment of Mr. Dan Sackey as Managing Director of its Ghanaian subsidiary, Ecobank Ghana, and Regional Executive...


Reports: Most of The 1000 Sacked Ecobank Staff Are From Former Oceanic Bank

Reports: Most of The 1000 Sacked Ecobank Staff Are From Former Oceanic Bank

Reports reaching Nairametrics suggest Ecobank may have sacked 1000 staff. Media reports suggest 1,040 staff were affected but we believe it will be close...


Ecobank First Quarter Results Shows Lender Is Not Growing

Ecobank First Quarter Results Shows Lender Is Not Growing

The first quarter financial results of Ecobank Transnational Inc., Africa’s most geographically diverse lender shows the lender is not growing as earnings ebbed on...


Rising Impairment Charges Dealt A Blow On  Ecobank

Rising Impairment Charges Dealt A Blow On Ecobank

Rising or spiraling impairment charges has dealt a serious blow on Ecobank Transnational Inc., as the Africa’s most geographically diverse recorded a 73 percent...


Laurence do Rego: Meet Ecobank’s New Group Executive of Commercial Banking Business

Laurence do Rego: Meet Ecobank’s New Group Executive of Commercial Banking Business

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has announced the appointment of Mrs. Laurence do Rego as Group Executive of Commercial...


Ecobank (ETI) Issues Profit Warning

Ecobank Plc just became the fourth bank to issue a Profit Warning. See full excerpt below; You can also download it below;...


Ecobank Transnational Incorporated Appoints Samuel Adjei As MD Of Its Combined Region

Ecobank Transnational Incorporated Appoints Samuel Adjei As MD Of Its Combined Region

Ecobank Transnational Incorporated (ETI) has announced in a press release, that Mr. Samuel Ashitey Adjei, the current Managing Director of the Ghana Subsidiary, will...


Minor Board Changes In Ecobank Nigeria

Minor Board Changes In Ecobank Nigeria

Ecobank Transnational Incorporated, late Wednesday, announced minor board changes in its largest subsidiary, Ecobank Nigeria Limited. In the changes, Jibril Aku, the current Managing...


Why This South African Company Sold Its Stake in EcoBank

Why This South African Company Sold Its Stake in EcoBank

South African owned Insurance Giant Old Mutual has sold its stake in Nigerian-listed Ecobank Transnational Ltd. to close its Fund III according to reports...


Nigerian Agricultural Sector To Receive N84bn Boost

Nigerian Agricultural Sector To Receive N84bn Boost

The Nigerian agricultural sector will receive a N84 billion boost with liquidity pumped into the industry. According to reports, there are plans for the...


This State has Just Been Ordered To Settle Ecobank’s N3.1bn Facility

This State has Just Been Ordered To Settle Ecobank’s N3.1bn Facility

Justice Okon Abang of a Federal High Court, Lagos, on Wednesday ordered Zamfara Government to pay Ecobank Nigeria N3.1 billion it owed the bank....


Ecobank Secures $285 million One Year Facility

Ecobank Secures $285 million One Year Facility

Ecobank Transnational Incorporated (‘’ETI’’)  notified The Nigerian Stock Exchange that it has received a one-year senior unsecured loan facility of USD 285,000,000 from Deutsche...


Find Out Why Ecobank Was Ordered To Pay Skye Bank N629m

Find Out Why Ecobank Was Ordered To Pay Skye Bank N629m

Ecobank Plc has been ordered to make good its obligation under the Advance Payment Guarantee No ENG/PH/GO394A as security for the release of the...


Pan-African Lender, Ecobank H1 Pretax Profit Up 47%

Pan-African Lender, Ecobank H1 Pretax Profit Up 47%

Ecobank posted a 47.4 percent jump in half year pretax profit to 61.41 billion naira ($309 million) versus the same period a year ago,...


[Official] Ecobank adds 1.25billion new ordinary shares to its shareholdings

[Official] Ecobank adds 1.25billion new ordinary shares to its shareholdings

Ecobank has issued the following press release regarding its outstanding shares; A total of 1,250,000,000 ordinary shares of US$0.025 each at N15.47 per share...


Ecobank names new CEO

Ecobank names new CEO

Ecobank Transnational Incorporated has named Ade Ayeyemi as its new group chief executive. Nigerian Ayeyemi, currently head of Citigroup’s sub-Saharan Africa division, will replace...


Buy, Sell or Hold: Ecobank Plc following release of 2015 Q1 Results

Buy, Sell or Hold: Ecobank Plc following release of 2015 Q1 Results

Ecobank Transnational Incorporated Plc. (3 months ended March 2015) Ecobank Transnational Incorporated Bank Plc (ETI) released Q1 2015 unaudited results wherein gross earnings rose 23%...


Ecobank post 219% increase in earnings, loan impairment remains high at N44.6billion

Summary of Ecobank’s 2014 Full year results Gross earnings for the period was N482.2billion (2013 N411.1billion) +17.28% Net Interest income for the period was...


Ecobank lends Cameroon State airline $50million to stay afloat

Ecobank lends Cameroon State airline $50million to stay afloat

A Reuters news wire reports Cameroon state airline Camair-Co will use $50 million from African lender Ecobank to relaunch its operation The article says national...