ETI

The Nigerian Exchange Limited (NGX) for the second consecutive trading session in the week, closed negative with key market indices in the red on Tuesday. The NGX All-share Index (ASI) lost 135 index points or 0.25 per cent to settle at…

Ecobank Transnational Inc. tasted the bad side of goodwill in 2020 when goodwill impairment of over N60 billion crashed pre-tax profit by 68 per cent at the end of the third quarter. That is the result of slashing goodwill in the balance…

The shares of Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (ETI) dipped 2. 29 per cent during trading on the floor of the Nigerian Stock Exchange (NSE) on Wednesday. Ecobank opened trading on a market…

Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (‘’ETI’’) on Monday disclosed that it has secured a N50 billion, 10-year bilateral subordinated loan. A subordinated loan is a debt which ranks after other debts if a…

Trading on the Nigerian equities dropped -0.01 per cent on Thursday as the All Share Index (ASI) closed at 30,738.92 having dropped from 30,741.88 it closed Wednesday The dropped in ASI is reflected in the market capitalisation which…

Ecobank Transnational Inc.’s remained under pressure from rising loan impairment expenses in the second quarter ended June 2020. The rising loan loss expenses gained speed in the second quarter from 49 percent increase in the first…

OMOTAYO ARAOYE Ecobank Transnational Incorporated (ETI) profit currently stands at $128.9 million for the first half of 2020, indicating a 22% decrease when compared to N48.5 billion reported for the same period in 2019.…

Ecobank has appointed 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. Nkontchou, in…

OMOTAYO ARAOYE Ecobank Transnational has announced the appointment of Mr Alain Nkontchou, a Cameroonian and Independent Non-Executive Director since 2015, as its new Board Chairman. Alain Nkontchou who was the Executive Director of the…

OMOTAYO ARAOYE Ecobank Group and Junior Achievement (JA) has signed a partnership to educate and mobilize over 600,000 youths in Africa with financial literacy knowledge Skills. Their new partnership which is called “Banking on Africa’s…