Ecobank Transnational Incorporated (ETI) has expanded its issued share capital following the listing of 5,381,656,222 additional ordinary shares of $0.025 each on the Nigerian Exchange Limited (NGX).
According to a notice published by the Exchange, the new shares were admitted to the Daily Official List on Tuesday, December 2, 2025, after the bank completed a series of equity-related transactions approved by its board and shareholders.
The listing follows ETI’s conversion of outstanding preference shares and loans to equity, alongside the exercise of employee share options, all of which cumulatively resulted in the issuance of the additional 5.38 billion ordinary shares now reflected in the company’s capital structure.
With this new listing, ETI’s total issued and fully paid-up shares have increased from 18,349,551,215 units to 23,731,207,437 ordinary shares of $0.025 each, reinforcing the company’s recapitalisation efforts and balance-sheet strengthening initiatives.
The transaction marks one of the largest single-day share admissions on the NGX in 2025 and further enhances ETI’s equity base ahead of expected regulatory and operational requirements across its pan-African banking network.