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
15/02/2023 at 17h38, by Africa Business+
Access Bank continues to woo SMEs
The bank is benefiting from new financing from Europe to meet the needs of the small and medium-sized...
Bank
11/07/2022 at 16h13, by Africa Business+
Access Bank aims to open French subsidiary by end 2022
More details from Africa Business+.
Bank
24/05/2022 at 16h12, by Africa Business+
Access Bank’s Roosevelt Ogbonna in talks to secure an additional $150m
After the recent deal concluded with the United States, the Nigerian businessman is conducting two other...
Bank
18/05/2022 at 15h00, by Africa Business+, updated 19/05/2022
Access Bank’s new CEO Roosevelt Ogbonna seals deal with DFC
In an unprecedented transaction, the United States, through its development institution, has decided...
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 : customer.care@africabusinessplus.com
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.