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November 25, 2015 7:28 PM ET


Company Overview of Ecobank Nigeria Limited

Company Overview

Ecobank Nigeria Limited provides commercial banking services primarily in Nigeria. Its deposit products include savings deposits, amounts payable on demand, and term deposits; and loan portfolio comprises overdrafts, term loans, and mortgages. The company offers domestic banking services to governments, small and medium scale enterprises, and local companies, including retail solutions to consumers; and financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations, and financial institutions. In addition, it engages in treasury, investment banking, and asset management businesses, which focuses ...

Ahmadu Bello Way

Plot 21

PO Box 72688

Victoria Island



Founded in 1986

5,150 Employees


800 326 2265


234 1 2710111

Key Executives for Ecobank Nigeria Limited

Chief Executive Officer, Managing Director, Executive Director, Chairman of Assets & Liabilities Committee, Member of Credit Committee and Member of Risk Committee
Age: 55
Group Executive Director of Finance
Age: 50
Chief Executive Officer of Ecobank Group and Executive Director of Ecobank Group
Age: 59
Deputy Managing Director, Director, Member of Credit Committee and Member of Risk Committee
Age: 49
Company Secretary
Compensation as of Fiscal Year 2015.

Ecobank Nigeria Limited Key Developments

Ecobank Nigeria Limited Announces Management Changes

Ecobank Transnational Incorporated announced a leadership change in its subsidiary, Ecobank Nigeria Limited. By the Bank's internal policy, Mr. Jibril Aku, the current Managing Director of the subsidiary, having concluded his five-year tenure as managing director, will step down from his current role at the end of this year. Mr. Aku will take on another senior role in the firm in the first quarter of 2016. Mr. Aku, a distinguished banker, spent the most part of his banking career with Citibank (Nigeria International Bank), before joining former Afribank Nigeria Plc as Executive Director, Operations & Technology from 2003 to 2005.

Ecobank Suspends Sale of Ecobank Nigeria

Ecobank Transnational Incorporated (GHSE:ETI) has foreclosed the plan of selling stake in Ecobank Nigeria Limited, due to falling equities' prices, The Chief Executive Officer of Ecobank Transnational Ade Ayeyemi, stated an interview with Bloomberg. "The market is not right for us to be selling part of that unit. We will not be doing any dilution at the moment. You cannot sell an asset you don't have to sell at the time when market prices are at the bottom of the trough," he said.

Ecobank Nigeria Limited Presents at 3rd Annual Platts Asian Crude Oil Summit, Oct-09-2015 10:00 AM

Ecobank Nigeria Limited Presents at 3rd Annual Platts Asian Crude Oil Summit, Oct-09-2015 10:00 AM. Venue: Grand Hyatt, Singapore. Speakers: Dolapo Oni, Head of Energy Research.

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