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Home Business News Corporate deals

Deal: First Bank, Chinese Bank Sign $100Million SME Agreement

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
in Corporate deals
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First-Bank

First Bank of Nigeria on Wednesday signed a $100m facility agreement with China Development Bank.

The bank said the development would boost lending to Small and Medium Scale Enterprises as well as stimulate economic growth in Nigeria.

According to a statement from the bank, this is coming on the heels of its extension of a single-digit credit facility to Nigerian entrepreneurs in partnership with the Nigerian Association of Small Scale Industrialists.

First Bank, Chinese bank sign $100m SME agreement

Tags: fbn holdingsNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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