Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement
Ecobank Transnational Incorporated (ETI) soared by 46% in the Nigerian stock market as investors accumulated the Pan-African financial group units ahead of dividend payments.
The financial services company hit its highest valuation in 52 weeks as the market price in its earnings and dividend signals released last week.
After two years without profit distribution, Ecobank Group resumed dividend distribution to shareholders, proposing a 0.16 cents per share dividend.
The board action triggered increased demand for the bank’s shares, resulting in significant trading volume across sessions, as the dividend served as a core catalyst driving buying.
According to data from the Nigerian Exchange, Ecobank’s share price increased to N67.3, as 9.931 million units valued at N668.179 million were traded on Friday, from N46 at the beginning of the week.
Market value of Ecobank Transnational Incorporation’s 23.731 outstanding shares increased 46.3% week on week to N1.597 trillion, the highest in the last 52 weeks.
In its audited 2025 financial results, the group reported a 20.4% year-on-year surge in profitability, with net income settling at $594.1 million, translating to 1.68 cents per share.
ETI’s strong 2025 performance was driven by an improved income accretion across both revenue streams, with net interest income (NII) and non-interest revenue (NIR) growing by 20.2% year on year and 13.8%, respectively.
