FirstBank Promotes Trade Financing in Nigeria

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Adesola Adeduntan, CEO, FirstBank
Adeduntan

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FirstBank of Nigeria Limited, a subsidiary of FBN Holdings Plc, has thrown its weight behind the development of trade financing in Nigeria and beyond. This, according to the bank, informed the collaborative effort with FBNBank (UK) Limited, a subsidiary of FirstBank to sponsor the 7th Annual West Africa Trade and Export Finance two-day conference in Lagos.

A statement signed by Ini Ebong, group executive officer, Treasury and Financial Institutions, FirstBank, said the bank would continue to create and support initiatives that would create business opportunities and investments in Nigeria and the African continent. “We will continue to grow our mileages in developing trade and commodity finance across the continent,” he said.

According to Ikenna Egbukole, head, Structured Trade and Commodity Finance, FirstBank, there will be a panel of discussants on the topic: “Tracking Trends within West African Banking Sector,” at the event. “The progress FirstBank had made in trade finance is further buttressed by its consistent win of the ‘Best Trade Finance Bank in Nigeria’ by Global Finance Awards for seven years including 2015. FBN Bank (UK) Limited has also been named Best Trade Finance Bank in West Africa for five consecutive years by Global Trade Review Awards,” the statement added.

— Feb 15, 2016 @ 01:00 GMT

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