Nigeria: African Development Bank, First City Monument Bank sign agreement for $50 million line of credit to bolster access to finance for small, medium and women-owned businesses.

November 7, 2022 AELEX Admin 0 Comments

The African Development Bank has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and medium-sized and women-empowered enterprises. FCMB will use the line of credit to expand lending activities that will boost the country’s post-pandemic economic recovery and drive more inclusive and climate-resilient growth.

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