Access Bank CEO Herbert Wigwe secures new European financing with FMO

Access Bank CEO Herbert Wigwe secures new European financing with FMO

The head of the Nigerian bank and his team were able to negotiate a cheque for $20 million from the Dutch funder. 

Someone shares this article with you
            ▪ Access Bank CEO Herbert Wigwe secures new European financing with FMO

▪ The head of the Nigerian bank and his team were able to negotiate a cheque for $20 million from the Dutch funder. 

https://www.africabusinessplus.com/en/810624/access-bank-ceo-herbert-wigwe-secures-a-new-european-extension-with-fmo/

This brings the total number of financing deals negotiated since 2017 between FMO and Access Bank to four. Through its recently approved N9.635 billion (€20 million) deal, the Hague-based agency is among the key supporters of a Nigerian economy hit by the COVID-19 crisis and falling oil prices. The latest transaction is an unfunded revolving portfolio guarantee – Nasira – to cover loans to Nigerian SMEs affected by the COVID-19 crisis.

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

Bank & Insurance

05/11/2019 at 17h31, by Valentin Grille, updated 06/11/2019

Nigeria’s Access Bank takes its first steps in Kenya with the acquisition of Transnational Bank Ltd

Lagos’ fourth largest bank is gaining a foothold on a “key market” with an establishment that is well...

Any questions ? contact us

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

Email us : [email protected]

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.