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Nigeria: CDC Group grants $100 million to FirstBank

22/02/2022
Categories: Companies

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The First Bank of Nigeria Limited (FirstBank) group receives $100 million from the British CDC Group. The UK government's development finance institution made the announcement on Monday, February 21, 2022.

CDC Group granted a $100 million loan to the Nigerian FirstBank. This financing will enable the Bank to offer financial solutions, the objective of which is to meet the challenge of limited access to capital faced by underbanked and underserved actors in the country.

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