The value of MoMo transactions was estimated at GH¢569 billion in the 2020 fiscal year According to data from the Bank of Ghana , the total value of mobile money transactions far exceeded the value of cheque transactions, by GH¢389 billion in 2020. The value of MoMo transactions was estimated at GH¢569 billion in the […]
Tag: ecobank
Ecobank introduces money transfer via SMS, WhatsApp
Ecobank Nigeria has unveiled a new app for transfering funds by email, SMS and WhatsApp. Head, Consumer Banking Ecobank Olukorede Mrs Demola-Adenyi said this was part of the bank’s innovation in digital banking. She said: “This opportunity couldn’t have come at a better time when many people are self-isolating and keeping social distance due to […]
Snapshots on African Economy
Friday, February 12, 2021/ 12:40PM / United Capital Research / Header Image Credit: Umaizi Proshare Nigeria Pvt. Ltd. Anglophone West Africa Ghana Ghana’s Parliament has shut down for at least three weeks over a surge in coronavirus cases among lawmakers and staff. At least 17 members of parliament and 151 support staff have been infected […]
Ecobank Nigeria announces pricing of its Senior Unsecured $300m bond
Ecobank Nigeria, a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that it has successfully priced its ¢300 million bond issuance maturing in February 2026. The settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with […]
Ecobank Nigeria prices USD 300 million bond issuance maturing in Feb 2026
Mr Akinwuntan continued, “I would like to extend my appreciation to our regulators, the Central Bank of Nigeria, for their timely support and continuous guidance, in granting necessary regulatory approvals.” Image Credit: Wikimedia Ecobank Nigeria ("ENG" or "the Bank") (Ecobank.com/ng), a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company […]
Ecobank Nigeria announces 7.125% price for its $300m bond
WorldStage Newsonline– Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021. According to the bank, “the fixed-rate, US […]
Ecobank Nigeria Announces $300m Bond Pricing
Obinna Chima Ecobank Nigeria announced that it has successfully priced its $300 million bond issuance maturing in February 2026, with settlement of the debt instrument to take place on February 16, 2021. According to a statement from the bank, the fixed-rate, US dollar-denominated bond, with a tenor of 5 years, carries a coupon rate of […]
Ecobank Nigeria issues $300m bond
Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its $300m bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate […]
Ecobank Transnational announces Hervé Assah as new Non-Executive Director
WorldStage Newsonline– Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces the co-option to its Board of Directors of Hervé S. Assah, as Independent Non-Executive Director from the CEMAC Region. In a notification at the Nigerian Stock Exchange said “Hervé S. Assah is a national of Congo Brazzaville with almost four decades’ experience […]
Ecobank Transnational appoints new director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr Assah, who comes from the Central African Economic and Monetary Community region, is a national of Congo Brazzaville. His experience as a senior executive approaches 40 years and spans fields as diverse as investment and […]