LAGOS, Nigeria (VOICE OF NAIJA) – Afreximbank and First Bank of Nigeria on Friday have secured a $200 million facility agreement to support the financial requirements of FBN’s extensive client base.
The signing event took place during the 31st Afreximbank Annual Meetings in Nassau, Bahamas.
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This facility aims to meet the financial demands of FBN’s clients involved in sectors such as oil and gas, energy, manufacturing, telecommunications, and related infrastructure projects.
Signatories to the agreement included Olusegun Alebiosu, Acting CEO of FBN; Awani Kanayo, Executive Vice-President of the Intra-African Trade Bank at Afreximbank; and Viswanathan Shankar, CEO of Gateway Partners, representing the African Credit Opportunity Fund.