Latest news with #EcobankTransnationalIncorporated
Zawya
01-05-2025
- Business
- Zawya
Nigeria: Bears persists at NGX as ASI dips by 0.1%
Bearish sentiments persisted in the local stock market as sell pressures in Guaranty Trust Holding Company and Ecobank Transnational Incorporated caused a 0.1 percent decline in the benchmark index to 105,800.85 basis points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +0.1 percent and +2.8 percent, respectively. As measured by market breadth, market sentiment was positive, as 38 tickers gained relative to 24 losers. On the performance board, University Press and Vitafoam led the gainers having appreciated in share value by 10 percent, respectively; while Ecobank Transnational Incorporated and International Breweries recorded the most significant losses of the day as their respective share prices dipped by 10 percent. Sectoral performance was mixed as the Consumer Goods and Banking indices declined by 2.0 percent and 1.5 percent, respectively; while the Insurance index closed higher having added 0.9 percent. The Industrial Goods and Oil & Gas indices closed flat. The total volume of trades declined by 46.4 percent to 392.99 million units, valued at N12.76 billion, and exchanged in 17,519 deals. United Bank for Africa was the most traded stock by volume at 38.86 million units, while MTN Nigeria was the most traded stock by value at N3.61 billion. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Zawya
20-03-2025
- Business
- Zawya
Ecobank named Africa's Best Bank for Trade Finance in Global Finance Awards
Ecobank Group ( the leading private pan-African financial services group with unrivalled African expertise, is proud to be named as the Best Trade Finance Provider Bank in Africa, at the Global Finance Trade Finance&Supply Chain Finance Awards 2025. Additionally, our affiliates in Burkina Faso, Côte d'Ivoire and Rwanda have also been recognised as the Best Trade Finance Provider in their respective markets. Michael Larbie, Group Executive Corporate and Investment Banking, said, 'We are focussed on delivering a wide range of trade finance solutions and excellent trade services to our clients, leveraging the African Continental Free Trade Area's single market. This is exemplified by our innovative 'Ecobank Single Market Trade Hub', which digitally connects buyers and suppliers across the continent and a gateway to our comprehensive suite of trade finance products and services. At Ecobank, we are relentless in our efforts to be the bank of choice for Africans and their businesses and in our absolute commitment to delivering a Better Africa'. Ecobank provides comprehensive trade solutions to its customers using various payment methods to facilitate cross-border and domestic trade throughout and beyond its network of 35 sub-Saharan African countries. It offers unique intra-Africa trade solutions, enabling its customers to settle their domestic and international trade transactions efficiently while mitigating payment risks. The bank works closely with clients in reviewing key aspects of transaction processing, including Settlement, Financing, Risk Mitigation, Credit Enhancement and applicable Exchange Control Regulations. Ecobank's trade products and solutions are designed around three broad areas: structured trade and commodity finance; trade services; and supply chain finance. The judges for the Global Finance awards selected Ecobank as the trade finance provider award winner based on input from industry analysts, corporate executives and technology experts, and on objective and subjective factors such as Ecobank's trade-related transaction volume, the scope of its global coverage, customer service, competitive pricing, risk management and innovative products, services and technology. Ecobank was presented with its trophies by Global Finance at the awards ceremony during the BAFT Europe Bank-To-Bank Forum in Amsterdam on 12 March 2025. Distributed by APO Group on behalf of Ecobank Transnational Incorporated. Media Contacts: Ecobank Transnational Incorporated Christiane Bossom, Group Communications, Ecobank Transnational Incorporated Email: groupcorporatecomms@ Tel: +228 22 21 03 03 Web: About Ecobank: Ecobank Group is the leading private pan-African banking group with unrivalled African expertise. Present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit
