ECOBANK TRANSNATIONAL INCORPORATED – Co-Option of Mr. Greg Davis to the Board
Ecobank Transnational Incorporated (ETI) has announced the co-option of Mr. Greg Davis to its Board of Directors following his appointment as the Group Chief Financial Officer of the bank. Greg joined ETI in October 2016. He was formerly the Chief Financial Officer for Standard Bank operations in Africa outside of South Africa.
UNITED BANK FOR AFRICA PLC – Regulatory Approval of $500M Medium Term Notes
United Bank for Africa Plc. (UBA) has announced that it has received the approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to launch up to USD500 million Senior Unsecured Medium Term Debt Notes which will be listed on the Irish Stock Exchange. The bank intends to utilize the net proceeds of the Notes for its general banking purposes.
STACO INSURANCE PLC – Financial Result for the 1st Quarter Ended 31st March, 2017
Gross Premium Written: 5% increase from N1.8bn to N1.9bn
Profit/(Loss) after Tax: 7% increase from N261.2m to N279.6m (3M 2017 EPS, 2 kobo; 3M 2016 EPS, 4 kobo)