By Seun Ibiyemi In the first nine months of this year, 10 Deposit Money Banks in Nigeria collectively generated approximately N4.20 trillion, according to an analysis of their quarterly financial reports. The banks listed on the Nigerian Exchange Limited saw…
Ecobank Plc has reported its 2024 third-quarter results showing pre-tax profits grew by 136.94 percent year on year, reaching N265.029 billion. These results brought the bank’s nine-month 2024 pre-tax profit to N708.542 billion, compared to N262.171 billion for the same…
By Esther Agbo Ecobank Nigeria has strengthened its relationship with customers through its innovative “Super Rewards Millionaire Geng Promo,” disbursing N16 million since the campaign’s launch in July 2024. While the initiative promises a grand total of N42 million in…
By Esther Agbo Ecobank Nigeria is set to break new ground in its efforts to stimulate Nigeria’s economic development with the launch of its first-ever Design & Build Expo. The five-day event scheduled from November 27 to December 1, 2024,…
Ecobank Nigeria has rewarded 88 customers with N8 million during its monthly and quarterly raffle draws under the ‘Ecobank Super Rewards, the Millionaire Geng Season’. 80 customers won N50,000 each in the September draw, totaling N4 million, while eight winners…
By Esther Agbo To fortify its financial standing, Ecobank announced recently that it has secured approval from bondholders to increase its capital buffer by 10 percent. This decision comes as the bank navigates economic pressures exacerbated by the devaluation of…
By Esther Agbo In expanding its financial services, Ecobank Nigeria Limited has received the green light from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to launch its custody business operations in Nigeria. This development…
By Esther Agbo Ecobank Transnational Incorporated has announced a remarkable profit after tax of N311 billion for the first half of 2024, representing an impressive 196 per cent surge compared to the N105 billion recorded in the corresponding period last…
The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking group, rose to the highest in at least nine years of N311 billion in the first six months of 2024, data compiled by newsmen shows. According to the firm’s latest…
Ecobank Transnational Incorpora ted (ETI) will raise $600 million through senior secured debts and tier-2 debts over the next year. This was one of the resolutions from the group’s Annual General Meeting which took place in Lome, Togo on June…
