Finance
Ecobank secures $250m facility
Ecobank Transnational Incorporated said in a statement that it has signed a $250 million senior unsecured loan facility. Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, reported to the Nigerian Stock Exchange that it signed a five-year senior unsecured loan facility of $250 million from Deutsche Bank AG.
The Public Investment Company (PIC) of South Africa, one of the major institutional shareholders of ETI, is providing full credit support to Deutsche Bank in this transaction via a sub–participation of risk. This new facility of $250 million will be used primarily to refinance maturing facilities.
-
Finance12 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market12 hours agoFG to raise N4trn bond to settle electricity debt
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News12 hours agoUK, Nigeria unveil £15m programme to boost investment