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.
-
Economy7 hours agoCustoms, Kebbi govt partner on Niger-Benin transit corridor as FG opens trade routes
-
Oil and Gas7 hours agoNCDMB designed roadmap to $3.4tn continental market to unlocks AfCFTA market access for Nigeria’s energy sector
-
News7 hours agoGhana recalls High Commissioner to Nigeria
-
Economy7 hours agoShettima to convene NEC conference on Nigeria’s economic coordination
-
Finance6 hours agoFixed income market rallies, yields on Naira assets swing
-
Maritime6 hours agoFG commends NIMASA DG on Nigeria’ IMO council election