Ecobank Transnational Incorporated (ETI) has announced the successful pricing of its $400 million 10.125% notes due on 15 October 2029. Interest on these notes will be payable semi-annually in arrears on 15 April and 15 October each year, commencing on 15 April 2025.
The net proceeds from the issuance of the notes will be used for general corporate purposes, including the refinancing of the $350 million Senior Bridge-to-Bond Loan Facility entered into in March 2024.
The Central Bank of Nigeria (CBN) has notified the general public that Zuldal Microfinance Bank Limited is not a licensed Microfinance Bank and has no authorisation to operate or carry out any form of banking or microfinance business in Nigeria. The apex bank stated thus: “The attention of the Central Bank of Nigeria (CBN) has been drawn […]
The Nigerian equities market continued to navigate a challenging path on Wednesday as new selling pressure dragged the market lower for the third straight session. The All Share Index declined by 0.23% to close at 144,646.01 points from the previous close of 144,986.51 points. The Market Capitalisation declined by 0.24% to close at N92.002 trillion from the[…]
