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All posts tagged "Ecobank"

  • Investigations on alleged breach of corporate governance by Ecobank in progress – SEC

    The Securities and Exchange Commission, SEC, apex regulator of the Nigerian capital market, has disclosed that its investigations into the alleged breach of corporate governance by Ecobank Transnational Incorporated, ETI, is still in progress. Information gathered from...

    • Posted September 16, 2013
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  • SEC suspends Ecobank from capital markets

    The Securities and Exchange Commission (SEC) has suspended Ecobank from all capital market activities and from being a receiving bank because of irregularities surrounding a margin loan, a notice on its website said on Thursday. SEC, according...

    • Posted March 21, 2013
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  • Final winners emerge in Ecobank promo

    Final set of winners on Thursday emerged at the Ecobank ‘Win Big Promo’ with Green James Rose of King Jaja branch in Bonny, Rivers State, winning the grand prize – a Nissan sports utility vehicle. Rose emerged...

    • Posted January 11, 2013
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  • Ecobank To Sell Shares, Bonds To Meet Capital Requirements

    Ecobank Transnational Incorporated has disclosed that it will sell shares, and bonds in order to meet rising capital requirements in the African countries where it operates. Ecobank has operations in 33 African countries, and many of these...

    • Posted January 10, 2013
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  • Ecobank opens 33rd affiliate in Equatorial Guinea

    Ecobank Transnational Incorporated, the pan-African banking group, has announced the opening of its Equatorial Guinea affiliate. Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in the country and became the 33rd affiliate...

    • Posted January 7, 2013
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  • Ecobank Transnational Declares N254.4 billion in Gross Earnings After Nine Months

    Ecobank Transnational declared gross earnings of N254.4 billion in its 3Q, 2012 earnings. This result represented a 63% year-on-year improvement over the N155.9 billion it made in 2011. Provision for doubtful debts soared 8.8% to N13.5 billion...

    • Posted October 25, 2012
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  • Ecobank Completes Acquisition Oceanic Bank

    Ecobank Transnational Inc. (ETI), the parent company of the Ecobank Group, the largest pan-African banking group by geography, with presence in 32 countries, is pleased to announce the 100% acquisition of Oceanic Bank International PLC, following approvals...

    • Posted October 25, 2011
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  • Ecobank to buy 100 pct of Oceanic Bank

    Nigeria’s Oceanic Bank said on Monday it will transfer 100 percent of its share capital to pan-African lender Ecobank Transnational Incorporated (ETI) and merge its operations with ETI’s local unit in a bid to recapitalize ahead of...

    • Posted September 13, 2011
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  • Oceanic Bank to transfer 40.17 pct to Ecobank

    Nigeria’s rescued lender Oceanic Bank said on Friday it would seek shareholders’ approval for the transfer of 40.17 percent of its holdings to Ecobank Transnational Incoporation , which it signed a merger deal with last month. In a...

    • Posted September 2, 2011
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  • Merger: Oceanic Signs TIA with Ecobank

    OCEANIC Bank Plc has recorded a milestone in its recapitalisation process, following the signing of Transaction Implementation Agreement (TIA) with Ecobank Transnational Incorporated (ETI). When completed, the merged bank would become the third largest in the country....

    • Posted August 1, 2011
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