FirstBank Promotes Trade Financing

FirstBank Promotes Trade FinancingFirstBank of Nigeria Limited, a subsidiary of FBN Holdings Plc, has thrown its weight behind the development of trade financing in Nigeria and beyond. This, according to the bank, informed the collaborative effort with FBNBank (UK) Limited, a subsidiary of FirstBank to sponsor the 7th Annual West Africa Trade & Export Finance two-day conference which commenced in Lagos on Wednesday.

In a statement by the Group Executive, Treasury and Financial Institutions, FirstBank, Ini Ebong, the bank would continue to create and support initiatives that will create business opportunities and investments in Nigeria and the African continent.

“We will continue to grow our mileages in developing trade and commodity finance across the continent,” he said.

FirstBank’s Head, Structured Trade & Commodity Finance, Mr. Ikenna Egbukole will be a panel discussant on the topic: “Tracking trends within West African banking sector,” at the event.

“The progress FirstBank had made in trade finance is further buttressed by its consistent win of the ‘Best Trade Finance Bank in Nigeria’ by Global Finance Awards for seven years including 2015. FBN Bank (UK) Limited has also been named Best Trade Finance Bank in West Africa for five consecutive years by Global Trade Review Awards,” the statement added.

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