Nigeria : IFC grants $10 m to strengthen Providus Bank’s short-term signature

Nigeria : IFC grants $10 m to strengthen Providus Bank’s short-term signature

The small, fast-growing Nigerian bank, which recently exited the OTC market, will benefit from a $10 million trade finance line through the IFC’s Global Trade Finance Program.

Someone shares this article with you
            ▪ Nigeria : IFC grants $10 m to strengthen Providus Bank’s short-term signature

▪ The small, fast-growing Nigerian bank, which recently exited the OTC market, will benefit from a $10 million trade finance line through the IFC’s Global Trade Finance Program.

https://www.africabusinessplus.com/en/813675/nigeria-ifc-grants-10-m-to-strengthen-providus-banks-short-term-signature/

Having entered the Nigerian banking landscape in 2016 with a regional commercial bank licence from the Central Bank of Nigeria (CBN)Providus Bank Plc will receive a trade finance line of credit from the IFC (World Bank).

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Agri-food industry

25/10/2022 at 16h32, by Africa Business+

Pegasus Capital’s IFRIA receives $9.4 million from IFC to invest in Morocco and Senegal

The Delaware, US-based cold chain specialist, led and co-founded by Manuel Cabrera Kabana Sartorius,...

Health

21/10/2022 at 14h47, by Africa Business+, updated 22/10/2022

IFC invests $15 million in Transform Health Fund, managed by Africinvest and Health Finance Coalition

The IFC will invest $15 million in the NGO Health Finance Coalition, which plans a $100 million vehicle...

Bank

29/09/2022 at 16h09, by Africa Business+

IFC ready to disburse $150 million to FirstRand Bank

This senior loan from the private arm of the World Bank to the South African bank is aimed at supporting...

Bank

01/09/2022 at 17h01, by Africa Business+

Oragroup : ongoing block trade raises questions about future valuation of full divestment 

The block trade transaction underway for the purchase by SBNA West Africa of 6,100,481 shares of IPS-CGRAE...

Bank

11/06/2020 at 15h55, by Aurelie Benoit

Trade finance: Ade Ayeyemi (Ecobank) tasks Turkish billionaire Hüsnü Özyeğin’s Credit Europe Bank with loan arrangement

The pan-African banking conglomerate is looking to obtain a $125m loan for its trade finance business.

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.