Dear Wanabidii Africa Mashariki, The following new content has been been added to our website: Press Releases 29/06/2016 - 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. The two facilities are part of the AfDB's broader efforts to provide countercyclical support to the Nigerian economy at a time of falling commodity prices, which has caused shortages in foreign currency supply and led to unmet demand for trade finance instruments to support Nigeria's ongoing economic transitions. The facilities will support local enterprises involved in import-export activity. Categories: Nigeria, Economic & Financial Governance, Private Sector |
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