Welcome to The Brink. I’m Edward Clark, a reporter in London, where I looked at the multiple challenges facing Ecobank Nigeria and its tight deadline to fix them. We also have news on First Brands, Reno de Medici and Compass Diversified. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
The Nigerian subsidiary of an African banking group is being squeezed by an impending debt maturity and capital rules. If it fails to resolve those issues by the end of next quarter, there could also be significant repercussions for its owner.