Ecobank Transnational Incorporated and the African Development Bank have signed a $200m trade finance facility. According to a statement by Ecobank, the facility was signed at the AfDB Annual General Meeting in Kigali. The facility comprises two components: a $100m unfunded risk-sharing facility to bolster Ecobank’s capacity as an international […]

Bank of America Corp (BAC.N) is looking to diversify its investment banking business by doing more equity underwriting and merger advisory work and by winning more clients outside the United States, a senior executive said on Tuesday. Underwriting debt “has been one of [Bank of America’s] great strengths, but clearly […]

Global payment company, MasterCard, has said the cash-less policy of the Central bank of Nigeria and the use of MasterCard cards for financial transaction are already yielding encouraging results. The Vice-President and Area Business Head, MasterCard West Africa, Omokehinde Ojomuyide, who stated this in Lagos, stressed that the development had […]