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Tag: Ecobank

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank raises $125m in oversubscribed Eurobond issuance

Ecobank Transnational Incorporated has raised $125 million through the issuance of 10.125% Senior Notes due in 2029, marking a significant step forward for the bank and the broader African Eurobond market. The new notes, issued on Friday, May 15, 2025, will be consolidated with the bank’s existing $400 million 10.125% Senior Notes, also due in […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

How Nigeria, others can avoid Trump tariff fallout – Ecobank

The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has stated that African nations can soften the economic impact of United States President, Donald Trump’s new tariffs by strengthening trade among themselves. In an interview with Bloomberg TV, Awori explained that the tariffs are likely to replace the African Growth and Opportunity Act, a […]

News

Ecobank cautions customers on fraud risks during Yuletide

Ecobank Nigeria has urged customers to stay vigilant against fraudsters during the Yuletide, while assuring uninterrupted access to banking services via its digital platforms throughout the holiday season. The Head of Consumer Banking at Ecobank Nigeria, Adeola Ogunyemi, disclosed this assuring customers they could carry out shopping and transactions smoothly using the bank’s digital channels. […]

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank receives regulatory approvals to launch custody business

Ecobank Nigeria Limited has secured approvals from the Securities and Exchange Commission and the Central Bank of Nigeria to begin its custody business operations in the country. According to a statement released on Sunday, the Ecobank Group will provide custody services through Ecobank Nominees Limited, a dedicated entity established to manage clients’ assets separately from […]

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank commits to supporting ‘adire’ export

Ecobank Nigeria has reaffirmed its commitment to utilizing the African Continental Free Trade Agreement to increase the export potential of locally manufactured Adire textiles. This was disclosed by the Executive Director of Commercial Banking, Ecobank Nigeria, Kola Adeleke, at the ongoing third edition of the annual Ecobank ‘Adire Lagos Experience’, according to The Punch. The […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank clears $500m Eurobond after five-year tenure

Ecobank Transnational Incorporated has repaid its $500 million five-year Eurobond, which was due today, April 18th. this was disclosed by the bank in a corporate filing with the Nigerian Exchange Limited on Thursday. The Group Chief Financial Officer, ETI, Ayo Adepoju, said the bond represented ETI’s first Eurobond issuance in April 2019, noting that the […]

Ecobank reveals progress in quest to create strategic roadmap
Banking

Ecobank reveals progress in quest to create strategic roadmap

The Ecobank Group’s chief executive, Mr. Jeremy Awori, revealed that the company was making progress in creating its strategic roadmap and attributed this to the financial results in the first half of 2023. The lender increased its pre-tax profits by 63% to N92.52 billion in the second quarter of this year, while its half-year profit […]

Ecobank reveals progress in quest to create strategic roadmap
Agribusiness

Ecobank, IITA train 16,000 youths to generate income through agriculture

In order to teach 16,000 Nigerian youths how to build wealth through agriculture, Ecobank Nigeria Limited announced a partnership with the International Institute of Tropical Agriculture. Young Nigerians between the ages of 18 and 40 are the target audience for the program, which will include important areas of specialty like poultry, aquaculture, horticulture, and value […]

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