Ecobank Records N1.21 Trillion Pretax Profit in 2025 as Customer Deposits Surge Strongly Ecobank Transnational Incorporated Plc delivered a robust performance in 2025, posting a pretax profit of N1.21 trillion amid significant expansion in its customer base and balance sheet. The pan-African banking group benefited from higher transaction volumes, improved net interest income, and a continued shift toward digital banking channels, which helped drive deposit growth even as the operating environment remained challenging with currency volatility and inflationary pressures across its markets. Customer deposits rose notably during the year, reflecting increased customer confidence and deeper market penetration in Nigeria and other African operations. This surge in deposits supported balance sheet expansion, enabling the bank to grow its loan book and investment securities while maintaining disciplined cost management. The strong deposit inflows contributed directly to revenue gr...
Dakar 2026 Set to Make History as First Olympic Event on African Soil, With Just 200 Days to Go Dakar, Senegal, is preparing to host the 2026 Summer Youth Olympic Games from 31 October to 13 November 2026, marking a landmark moment as the first-ever Olympic-branded sports event to be held on the African continent. The Games will bring together approximately 2,700 young athletes aged 15 to 18 from around the world to compete in around 153 events across 25 sports, blending high-level competition with cultural exchange, education, and youth empowerment programmes. Under the motto “Africa welcomes, Dakar celebrates,” the event is expected to showcase Senegalese hospitality (Teranga) and serve as a catalyst for sporting, social, and economic development across the region, with venues in Dakar, Diamniadio, and Saly. This historic milestone comes after the original 2022 dates were postponed due to the global pandemic, giving Senegal and the African Olympic movement more time to bu...