Business Hilights

Tracking Nigeria's Headline Business News Online

Ecobank Transnational Incorporated (ETI)

Ecobank Academy, IFRC partner to train senior leaders in 45 African countries

Leading pan African financial giant, Ecobank Transnational Incorporated (ETI) Wednesday, flagged off the training 150 senior leaders of the International Federation of Red Cross and Red Crescent Societies (IFRC) from 45 African countries at the prestigious Ecobank Academy. The three…

Ecobank allays fears on alleged overstatement on ETI balance sheet, statement

Leading continental financial institution, Ecobank Transnational Incorporated (ETI), has said its attention has been drawn to recent publications in some online media (Business Hilights not involved) alleging overstatement of ETI’s balance sheet and income statements emanating from incorrect exchange rates…

Ecobank Transnational Incorporated closes $200m syndicated loan facility

Continental banking giant, Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, on Tuesday announced the successful close of a USD 200 million syndicated loan facility. The bank said in a statement sent to Business Hilights that…

ETI appoints Josephine Anan-Ankomah Group Executive, Commercial Banking

Ecobank Transnational Incorporated (ETI), the Lome-based parent company of the Ecobank Group announces the appointment of Josephine Anan-Ankomah as Group Executive, Commercial Banking with immediate effect. This appointment follows an internal recruitment process. As a member of the Group Executive…

Kie, outgoing Ecobank Nigeria MD on transition till August ending—ETI

The Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has explained that following the announcement of the resignation of Mr. Charles Kie as the managing director of Ecobank Nigeria Limited, he will continue to run a transition…

How Ecobank recovered $2m NPL in Q1 2017— Ade Ayeyemi

The Group’s Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, has opened up on the success so far recorded by his group in recovering about $2 million of its non-performing loans (NPLs) in the first quarter of 2017,…

Progress as Ecobank’s shareholders agree to $400 million convertible bond issue

At the recent 29th Annual General Meeting and Extraordinary General Meeting, held in Lomé, weekend, shareholders of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group (‘Ecobank’ or ‘the Group’), approved the issue of up to $400 million…

Banking/Investments

Ecobank rakes in laurels at Asian Banker’s Awards

Emerging Nigerian leader in digital banking, Ecobank Nigeria and Ecobank Transnational Incorporated (ETI) microfinance banking subsidiary in Ghana, Pan-African Savings & Loans, have received remittance product of the year from and the best microfinance product in Africa for 2017 awards…