The last week of December 2020 was another brief trading week as the federal government of Nigeria declared Monday, 28th December 2020 and Friday, 1st January 2021 as Public Holidays to celebrate Boxing day and the New Year respectively. Meanwhile, a total turnover of 1.806 billion shares worth N25.966 billion in 14,634 deals was traded […]
Nigerian Stocks were fired up at the last trading session of the week cumulatively. The All-Share Index and Market Capitalization appreciated by 7.46% to close the week at 36,804.75 and N19.236 trillion respectively. Investors gained N1.33 trillion. A total turnover of 1.893 billion shares worth N17.647 billion in 20,660 deals was traded this week by […]
PUBLIC Ecobank Group Reports Audited Results for the Nine Month Period Ended 30 September 2020 Tangible Book Value Per Share (TBVPS)1 of 4.98 US cents Diluted EPS of – 0.13 US cents and Normalised Diluted EPS of 0.53 US cents Operating income Profit before tax Annualised ROTE2 Tangible BVPS $1,214m $91m -3.5% 4.98 US cents […]
PUBLIC PRESS RELEASE Ecobank Group Empowers Women Businesses through Ellevate, its new women-focused programme. Lomé November 26, 2020 – The Ecobank Group launches ‘Ellevate’, a programme for women- owned and women-focused businesses across 33 markets. This programme is designed to help women reach their full potential by empowering, growing and supporting them with customized financial […]
Analysts at Renaissance Capital (RenCap) have estimated the perceived value realised by Nigeria’s start-up, Paystack in the recent announcement of its acquisition by Stripe, an American financial services and software company. The deal was put at over $200 million. RenCap estimated in a report on the transaction obtained yesterday that the deal valued Paystack at […]
Ecobank Transnational Incorporated (ETI), Ecobank Ghana has earned a record total revenue of GHC1.58 billion and profit before tax of GHC642.4 million, marking a growth of 21 percent and 27 percent respectively over the prior-year figures. The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per […]
Ecobank Transnational Incorporated Condensed Unaudited Consolidated Financial Statements For the period ended 30 June 2020 CONTENTS Condensed Unaudited Consolidated financial statements: Press release Condensed Unaudited Consolidated statement of comprehensive income USD (Six months) Condensed Unaudited Consolidated statement of comprehensive income USD (Quarter 2) Condensed Unaudited Consolidated statement of comprehensive income NGN (Six months) Condensed Unaudited […]
Ecobank Reports Profit Before Tax of $170 million Diluted EPS of $0.0036 and Tangible Book Value Per Share (TBVPS)1 of $0.048 Ade Ayeyemi, Group CEO said: "I am pleased with our diversified business model and the investments that we have made in people, systems, and processes. These have enabled us to serve our customers and […]
Micro, Small and Medium Enterprises (MSMEs), have been generally acknowledged as the backbone to the success of developed nations, where they have gained much popularity. From reducing unemployment to contributing to government’s revenue, the benefits of a well-developed MSME sector can never be over-emphasized. Thus, nations have set out plans to develop the MSMEs sector […]
The Group CEO of Ecobank Transnational Incorporated (ETI), Ade Adeyemi, said Nigeria is not only the pan-African bank’s biggest market. Instead, “Nigeria is our biggest opportunity,” he told business journalists during a virtual press conference that was held, yesterday, to introduce the company’s new Chairman, Alain Nkontchou. Adeyemi’s clarification was in response to a particularly […]
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