The Board of Directors of the African Development Bank (AfDB) approved on Monday, June 27, 2016, in Abidjan, US $300-million and US 50-million Trade Finance Loans to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria (FSDH), respectively.
Africa Finance Corporation (AFC) is pleased to announce its acceptance of a US$150 million 15 year loan facility from KfW [Development Bank] (KfW).
In line with its commitments to rev up its operations in support of Federal Government's policies and programmes as well as those of state governments partnering with the bank, the Bank of Industry (BoI) has disbursed N95 billion to 400 enterprises in the first half of 2016.
The African Export-Import Bank (Afreximbank) has announced the appointment of Kanayo Awani as Managing Director of its intra-African Trade Initiative.
Heritage Bank Limited has upped the ante of its support for entrepreneurship and education in the country by launching a N500 million Young Entrepreneurs and Students (YES) Grant last week in Lagos.
The Nigeria Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah on Tuesday inaugurated a $160 million (about N49.2 million) World Bank supported initiative to improve access to finance.
The Federal Government of Nigeria has approached the African Development Bank for Budget Support Loan of US $1 billion. During the High-Level Mission conducted by the Bank to Nigeria last week, the delegation held discussions with the Government authorities on the proposed policy-based loan.
Heritage Bank Limited has put together N200million loan facility for young graduates willing to advance their dreams in small scale businesses.
Ecobank Transnational Incorporated has notified the Nigerian Stock Exchange of its receipt of a one-year senior unsecured loan facility of $285 million from Deutsche Bank AB.
Nigeria is the biggest beneficiary from Afrexiimexbank’s loans and projects, the bank’s President, Mr Jean-Louis Ekra, has said. Ekra disclosed this at a press conference in Cairo on Sunday as part of activities marking the inauguration of the head office of the bank.