Ecobank Nigeria’s $300 bond carries 7.125% coupon rate

Ecobank Nigeria’s $300 bond carries 7.125 %coupon rate   Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its $300 million 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 of 7.125 per cent and will be listed on the London Stock Exchange. It is accompanied by an Issuer Rating of B- from Fitch Rating…

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NCC alerts public on cloned Facebook account

NCC mourns loss of staff

NCC alerts public on cloned Facebook account   In the course of its regular online surveillance aimed at protecting telecoms consumers and industry stakeholders, the Nigerian Communications Commission (NCC) has discovered a spurious Facebook Account purporting to be that of the Commission. We have since contacted Facebook Team to take down the fake account. The fraudulent Facebook account with the name: “Nigerian Communications Commission – NCC – Info Zone” was opened by unidentified individuals. Ikechukwu Adinde, director of public affairs of the Commission, said in a statement sighted by Business Metrics on…

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BREAKING: Ex-Lagos governor, Lateef Jakande dies at 91

Lateef Jakande dies at 91

BREAKING: Ex-Lagos governor, Lateef Jakande, dies at 91   Former Governor of Lagos State, Alhaji Lateef Jakande, is dead. He reportedly died on Thursday at the age of 91. Jakande, aka Baba Kekere, brought a lot of development to Lagos as governor between October 1, 1979 and December 31, 1983, in line with the five cardinal programmes of the Unity Party of Nigeria founded by a former Premier of the Western Region, Chief Obafemi Awolowo. Incumbent Governor of Lagos State, Babajide Sanwo-Olu, confirmed the passage of the elder statesman in…

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Ecobank Transnational Incorporated announces new non-executive director

Ecobank Transnational Incorporated announces new non-executive director   Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has announced the co-option to its Board of Directors of Hervé S. Assah, as Independent Non-Executive Director from the CEMAC Region. Hervé S. Assah is a national of Congo Brazzaville with almost four decades’ experience as a senior executive in various fields, including investment and financial advisory, global trade development, public private partnerships in emerging markets, regional development and business strategy amongst others. According to a statement signed by Adenike Laoye, Group…

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Senate to drill Emefiele over cryptocurrency ban

Senate to drill Emefiele over cryptocurrency ban

Senate to drill Emefiele over cryptocurrency ban   The Senate has summoned the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for a briefing on the ban of Crypto transactions placed by the apex bank. The upper chamber made the order through its committees on Banking, Insurance and other Financial Institution, ICT and Cybercrimes and Capital Market. The federal lawmakers disclosed this via their official Twitter handle after Thursday’s plenary session. It was gathered that the committees are expected to drill Emefiele on the opportunities and threats of…

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NCC sensitises students on safer internet practice

NCC dissociates self from cloned Facebook account

NCC sensitises students on safer internet practice The Nigerian Communications Commission (NCC) has joined the rest of the world to celebrate the Africa Safer Internet Day (ASID), which is the continent’s version of the World Safer Internet Day (WSID), held on February 9 every year. In marking the Africa Safer Internet Day 2021, with the theme “Positioning and Partnering for Child Online Protection”, NCC’s representatives visited secondary schools in Abuja and Lagos to sensitise and educate students, on how they can use the internet productively, avoid being victims of all…

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NSE index declines faster, offers entry opportunities ahead of earnings season

NSE index

NSE index declines faster, offers entry opportunities ahead of earnings season   Nigeria’s stock market closed lower still at the midweek, extending its negative stance for the eighth consecutive session of profit taking and selloffs that deepened the distribution phase, ushering in decline. The composite All-Share index broke down the strong support level of 41,228.16 basis points, testing 40,658.98bps in a seeming warn of a new bear stance ahead of the much anticipated corporate earnings season. The current situation or sustained pullbacks have further created huge opportunities for discerning investors…

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Twitter mulls adding Bitcoin to its balance sheet

Twitter mulls adding Bitcoin

Twitter mulls adding Bitcoin to its balance sheet   The Twitter chief financial officer (CFO) said that the company is working out options if they can pay salaries to their employees in Bitcoin (BTC) along with allocating part of their treasury to BTC. Corporates are coming to Bitcoin and things could escalate further after Tesla‘s recent entry. On Wednesday, February 10, Twitter CFO said that the company is considering adding BTC to its balance sheet. During an interview with CNBC’s Squawk Box, Twitter Inc CFO, Ned Segal talked about the…

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Twitter stock jumps 13% on better than anticipated Q4 earnings

Twitter Stock

Twitter stock jumps 13% on better than anticipated Q4 earnings   Twitter Inc, listed on the New York Stock Exchange as TWTR stock surged more than 13 per cent on Wednesday to close the day trading at $67.77, breaking out of a multiyear consolidation and almost hitting its ATH. Meanwhile, Twitter stock had dropped approximately 0.83 per cent during the pre-market trading session to reach the level of around $67.21. The spike in Twitter stock over the past few days is largely attributed to the just-released 2020 Q4 earnings results…

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Sophos discloses threats of 7-year-old information stealer via malicious email spam

sophos

Sophos discloses threats of 7-year-old information stealer via malicious email spam   The information stealer is called Agent Tesla and, in a new report published today, Sophos researchers explain Agent Tesla’s latest features and functionality.  Agent Tesla steals information from web browsers, email clients, virtual private network clients, and other software that stores usernames and passwords. It can capture keystrokes while users are typing, for example entering their password, and record screenshots, so it can see what is on their screen. The more recent version of the info-stealer can use the Telegram…

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