Ecobank Introduces New E-Commerce Platform
Ecobank Nigeria has launched a new e-marketplace, mymall.com.ng, which aims to promote business growth of small, medium enterprises in Nigeria. The online platform provides its users with access to customers across the world through the online display and sale of their goods. Notably, sellers must belong to the Ecobank SME club, a status acquired through the opening of […]
Ecobank MD Set to Step Down this December
The Managing Director of Ecobank, Jibril Aku, will step down on December 31, 2015 according to a public announcement by the bank. Aku will be concluding his five-year tenure as managing director, as cited in the statement. He will occupy a senior role in Ecobank Transnational Incorporated, the bank’s parent company, in early 2016. Prior […]
Ecobank Appoints Albert Essien as New Group CEO
Ecobank Transnational Incorporated (ETI) has announced Mr. Albert Essien, as the new Group Chief Executive Officer. Essien takes over from Mr. Thierry Tanoh with immediate effect. Announcing the replacement via a statement, ETI interim Chairman, Andre Siaka said, ” We wish to thank Thierry Tanoh for his service to Ecobank and we wish him every […]
Ecobank Opens First Branch in Ethiopia
Ecobank has announced it has opened a representative branch in Ethiopia after it obtained a license in July. The branch, located in Addis Ababa, will have local Ethiopian banks’ access Ecobank’s correspondent banking and trade finance activities across Africa and Europe. With the new branch, Ecobank’s is now located in 35 different countries. Describing the […]
Mobile Money: Ecobank to Handout MDG Subventions
Ecobank has been appointed to partner The Office of the Senior Special Assistant to the President on the Millennium Development Goals (MDGs) in the Conditional Cash Transfer scheme to assist less-privileged families with monthly social subventions. The programme will disburse funds to over 56,000 households in 600 communities in the first phase, a period of […]
Ecobank Nigeria Made $743 Million in 2012
Ecobank Nigeria, an arm of ECOBANK Transnational Incorporated (ETI), made $743 million in revenue in the 2012 financial year. This figure was the most, of $1.9 billion made by the entire group, with operations in other West African countries including Mali, Benin, Niger, Senegal, Benin, Cape Verde, Togo, Guinea Bissau, Burkina Faso, Ghana, Guinea, Cote […]
Oluwagbemiga Kuye appointed MD of NEPZA
President Goodluck Jonathan has appointed Oluwagbemiga Kuye as the Managing Director of Nigeria Export Processing Zone Authority (NEPZA). Kuye is expected to lead the agency into new heights complimenting the Ministry of Trade and Investment efforts to grow investments into Free Zones in Nigeria. Kuye was the Executive Director, Operations and Technology, at ECOBANK Nigeria […]