Ecobank has appointed Cameronian Alain Nkontchou, an independent non-executive director since 2015, as board chairman of its holding company, Ecobank Transnational Incorporated (ETI), with effect from 30 June 2020. In accordance with ETI’s Articles of Association, Emmanuel Ikazoboh, a Nigerian, ended his six year tenure as chairman on 30 June 2020 having reached the retirement […]
Tag: XNSA_ETI
A look at how much banks paid their workers in Q1 2020
The banking sector has long been the toast of many Nigerian workers, mainly because people who work there are believed to earn quite a lot of money. While this may not be entirely true for every Nigerian banker, the truth remains that the sector is one of the best-paying in the country. In Q1 2020 […]
Nigeria: NSE All-Share Rises 0.10% On Continuing Positive Performance
Gains by bellwethers such as MTN Nigeria Communications Plc, Ecobank Transnational Incorporated and FBN Holdings Plc helped to sustain the positive performance at the stock market yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.10 per cent. The NSE ASI closed higher at 25,407.96, while market capitalisation added N12.8 billion to […]
NSE All-Share Rises 0.10% on Continuing Positive Performance
Goddy Egene Gains by bellwethers such as MTN Nigeria Communications Plc, Ecobank Transnational Incorporated and FBN Holdings Plc helped to sustain the positive performance at the stock market yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.10 per cent. The NSE ASI closed higher at 25,407.96, while market capitalisation added N12.8 […]
Ecobank Sold First Eurobonds in 18 months
Ecobank Transnational Incorporated has sold $450 of Eurobonds, the first debt sale from a lender with shares listed on the Nigerian Stock Exchange in 18 months. Bloomberg reported that the bank sold the Eurobonds on Thursday at yields that ranked among the highest from emerging markets this year. Renaissance Capital said in a statement that […]
Ecobank Plans Sale Of $500m Eurobond
Ecobank Plans Sale Of $500m Eurobond Ecobank Transnational Incorporated has revealed plans to sell $500m Eurobonds at yields that may rank among the highest from emerging markets this year. Bloomberg reported on Thursday that talk in the market revealed that the notes were priced high nine per cent area as the bank said it planned […]
Ecobank plans $500m Eurobond sale
Feyisayo Popoola with agency report Ecobank Transnational Incorporated has revealed plans to sell $500m Eurobonds at yields that may rank among the highest from emerging markets this year. Bloomberg reported on Thursday that talk in the market revealed that the notes were priced high nine per cent area as the bank said it planned to […]
ETI Grows 2018 Profit after Tax by 46% to N102 Billion
Goddy Egene Ecobank Transnational Incorporated Plc (ETI) has started reaping the benefits of new strategies it put in place to reposition the pan-African financial institution as it posted highly improved results for the 2018 financial year. ETI recorded a gross earnings of N773.338 billion for the year ended December 31, 2018, compared with N763.634 billion […]
Banks’ Impairment Charges Drop Further as Loan Repayment Improves
The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt. Loan loss provisions had in 2016 and 2017 financial years impacted negatively on the bottom-lines of many banks due to the devaluation of the naira and difficult […]
Investors exchange shares worth N1.68bn
nigeria stock exchange Investors on Tuesday traded 143.708 million shares worth N1.682 billion in 3457 deals. This is against 168.721 million shares valued at N3.751 billion exchanged hands the previous day in 3048 deals. The Nigerian Stock Exchange trading result for the day showed that All share Index declined to 31038.86 points from 31042.32 points […]