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Bank pledges support for investment initiatives

By Editor
08 February 2016   |   2:25 am
First Bank of Nigeria Limited has said that it would continue to create and support initiatives that will create business opportunities and investments in Nigeria and the continent at large. To this end, it has declared support for the development of trade financing in Nigeria and beyond, as it collaborated with FBNBank (UK) Limited, to…
FBNINSURANCE Limited, an FBN Holdings company.

FBNINSURANCE Limited, an FBN Holdings company.

First Bank of Nigeria Limited has said that it would continue to create and support initiatives that will create business opportunities and investments in Nigeria and the continent at large.

To this end, it has declared support for the development of trade financing in Nigeria and beyond, as it collaborated with FBNBank (UK) Limited, to sponsor the seventh yearly West Africa Trade and Export Finance conference, in Lagos.

The event, which is organised by Exporta Publishing & Events Limited brought together delegates from the market’s leading corporate, banking and financial services organisations to discuss key market issues within agribusiness, hard commodities, risk mitigation and infrastructural development.

The Group Executive, Treasury and Financial Institutions, FirstBank, Ini Ebong, said: “We will continue to grow our mileages in developing trade and commodity finance across the continent.”

Also, the Head, Structured Trade and Commodity Finance, Ikenna Egbukole, who led a panel discussion on “Tracking trends within West African banking sector”, noted that the FirstBank has a record of support for growth initiatives.

According to him, the progress FirstBank has 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.

He noted that FBN Bank (UK) Limited has also been named Best Trade Finance Bank in West Africa for five consecutive years by Global Trade Review Awards.

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