• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

AfDB Approves $25m Credit Line for FSDH Merchant Bank

by Bukola Idowu
3 years ago
in Business
afdb
Share on WhatsAppShare on FacebookShare on XTelegram

The board of directors of the African Development Bank Group (AfDB) has approved a $15 million trade finance line of credit and $10 millionĀ  transaction guarantee for FSDH Merchant Bank.

Advertisement

The AfDB Nigeria country department made this known in a statement by Chukwuemeka Ezekiel, yesterday.

According to the statement, FSDH will use the line of credit to provide loans to local enterprises in Nigeria.

The $25 million package would help to reduce the trade finance gap in Nigeria by making financial resources available to small and medium-sized enterprises (SMEs) in the industrial sector.

The bank’s director general for Nigeria, Lamin Barrow said the availability of trade finance instruments to drive post-pandemic economic recovery efforts could not be overemphasised.

RELATED

Dangote Refinery

Dangote Refinery To End Crude Oil Imports By December

52 minutes ago
Ending Multi-billion Naira Yearly Loss To Lagos Ports Traffic Gridlock

Nigeria To Refloat National Shipping Line

2 hours ago

ā€œHence, the bank’s financing will help eligible Nigerian SMEs to take advantage of existing and emerging opportunities in the domestic and regional markets,ā€ he said.

Barrow said the COVID-19 pandemic and other factors had led global banks to reduce their correspondent banking relationships in Africa or to exit completely.

Furthermore, the AfDB’s director for Financial Sector Development, Stefan Nalletamby said the bank was excited about finalising the facility with FSDH.

ā€œWe are excited about finalising this facility with FSDH as having the bank as a partner will aid FSDH in scaling up its trade finance offerings in Nigeria to help meet the ever-increasing trade finance gap.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Stakeholders Advocate Policy For Rice Fortification In Nigeria

Next Post

Libya Accepts To Transport Nigeria’s Gas To Europe

Bukola Idowu

Bukola Idowu

You May Like

Dangote Refinery
Business

Dangote Refinery To End Crude Oil Imports By December

2025/07/09
Ending Multi-billion Naira Yearly Loss To Lagos Ports Traffic Gridlock
Business

Nigeria To Refloat National Shipping Line

2025/07/09
IMO Ready To Collaborate With NIMASA On MarĆ­time Challenges – Scribe
Business

Nigeria Has Capacity To Build, Repair Vessels – NIMASA

2025/07/09
Court Restrains Reps From Investigating Sterling Bank
Business

Lagos, Sterling One Foundation Hold Africa Social Impact Summit

2025/07/09
Sahara Group Foundation Donates Medical Equipment To Hospitals In Abuja
Business

Sahara Group Enlists Adeola Yusuf For Dialogue On Gas

2025/07/09
OPEC Keeps 2.2m Barrels Per Day Oil Demand Growth Forecast For 2024
Business

OPEC+ Plans 550,000bpd Output Raise In September

2025/07/09
Leadership Conference advertisement

LATEST

Group Hails Kwara Gov’t Over Initiative To Curb Insecurity

GbaramatuVoice Celebrates 10th Anniversary, Hosts Lecture, Awards

Dangote Refinery To End Crude Oil Imports By December

Fire Guts Actress Iyabo Ojo’s Office In Lagos

Edo Gov’t Shuts 4 Schools, Arrests Headteacher Over Death Of Pupil

Chevron, NUJ Train 70 Journalists On AI-Driven Journalism

US Green Card Holders With Criminal Records Risk Revocation, Deportation

Bauchi Emirs Sue For Calm Over Proposed Emirates, Districts

Mbappe, PSG Set For Club World Cup Reunion As Real Madrid Eye Final

Wimbledon Expansion Plan Under Attack From Local Campaigners

Ā© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

Ā© 2025 Leadership Media Group - All Rights Reserved.