Ecobank Transnational Incorporated (NGX: ETI) has significantly expanded its share capital following the listing of an additional 5,381,656,222 ordinary shares on the Nigerian Exchange (NGX).
The new shares were admitted to the market on Tuesday, December 2, 2025.
This was disclosed in a Market Bulletin signed by Godstime Iwenekhai, Head of the Issuer Regulation Department at NGX Regulation Limited.
The newly listed shares, each valued at $0.025, were added to the Daily Official List of the Exchange.
The additional shares were generated from three key corporate actions undertaken by ETI:
- Conversion of Preference Shares to equity.
- Conversion of Loans to equity.
- The exercise of Employee Share Options.
With the listing of these additional 5.38 billion shares, ETI’s total number of issued and fully paid-up ordinary shares has increased substantially.
The total outstanding shares has risen from 18,349,551,215 ordinary shares to 23,731,207,437 ordinary shares of $0.025 each.
At the close of trading on Wednesday, the share price of ETI closed flat at N34 per share. It’s market capitalization stood at N806.82 billion.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
