Ecobank Nigeria (hereinafter reffered to as "the Bank") was incorporated on 7 October, 1986 as a public limited liability company and commenced business on 24 April, 1989. The Bank was listed on the Nigerian Stock Exchange by introduction between 24 April 2006 and remained listed until 31 December 2011. On 30 December 2011, by a Federal High Court Sanction of a Scheme of Arrangement, Ecobank Transnational Incorporated (ETI), Lome, incorporated in the Republic of Togo which prior to that date held 85.1% equity shares in the Bank, became beneficial owner of 100% shareholding in the Bank. The Bank is now fully owned subsidiary of ETI and has bee re-registered as a private limited liability company at the Corporate Affairs Commission, Abuja, The principal activity of the Bank is commercial banking which includes domestic and corporate banking services. The bank operates under a commercial banking license with National Banking status in line with the Central Bank of Nigeria's present Banking Model.
