Ecobank repays holders of its $400m Convertible Debt

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has announced today that it has repaid upon maturity the 5-year US$400 million convertible debt issued in September and October 2017. The holders of the convertible debt did not exercise their option to convert their holding into ordinary shares during the conversion period of 19 […]

Dangote Cement hits N1.18tn revenue in 9 months

Dangote Cement in the Third Quarter of 2022 hit N1.177 trillion as revenue. This represents 15.17% growth compared to N1.022 trillion reported the previous year. The cement manufacturing giant declined in its profit after tax by 23.41% year on year to N213.1 billion from N278.25 billion reported in Q3 2021. Earnings per share of Dangote Cement stands[…]