News
20 April 2018

EIB and AfDB back new Development Bank of Nigeria

Region:
Middle East & Africa

The European Investment Bank and the African Development Bank (AfDB) have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The EIB has finalized a $20 million equity stake in the new lender, alongside $50 million equity participation from the African Development Bank.

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