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. 

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            ▪ 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.

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