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.
Fidelity Bank Plc on Thursday published its Second Quarter report for the period ended 30 June 2025. The Financial Institution reported Gross Earnings of N748.71 billion for the 6 months period, up by 45.99% from N512.86 billion reported in the corresponding period of 2024. Profit after tax of N132.31 was achieved for the 6 months period, down […]
The Nigerian market stayed afloat on price appreciation in CUSTODIAN, Linkage Assurance and other 53 stocks that made the green table on Thursday, consolidating on the impressive rebound on Wednesday from a prolonged losing streak that had pushed the market to its lowest level since 2010. The All Share Index grew 1.08%, closing at 146,981.17 points from[…]
