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Ecobank Announces $250M Capital Boost at Annual General Meeting in Togo

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Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.

This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.

The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”


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10 Businesses to Invest in 2026: Best Sectors, Stocks, and Companies to Watch

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  • MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
  •  Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
  •  Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
  • Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
  • Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
  • Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
  • Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.

     

  • Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
  • NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
  • Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.

 

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BATNF, NYSC Collaborate to Promote Agribusiness Among Corps Members

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It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.

The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.

The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.


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Government Pledges Support for Women in Livestock Development Says Minister Maiha

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Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.

During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.

He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.


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