First Bank of Nigeria Limited, a subsidiary of FBN Holdings plc, has thrown its weight behind the development of trade financing in Nigeria and beyond. This informs the collaborative effort with FBNBank (UK) Limited, a subsidiary of FirstBank, to sponsor the sixth Annual West Africa Trade Commodity Conference at the Eko Hotel and Suites, Victoria Island, Lagos.
The event, which was organised by GTR/Exporta Publishing and Events Limited, convened international and national delegates to include chief financial officers, company treasurers, financial controllers, financial directors, exporters, importers, manufacturers, distributors and traders from various sectors and business concerns.
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In a statement by Bisi Onasanya, CEO of FirstBank, the bank would continue to create and support initiatives that will create business opportunities and investments in Nigeria and the African continent, as “we will continue to grow our mileages in developing trade and commodity finance across the continent.”
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.
First Bank of Nigeria is Nigeria’s leading financial services institution by total assets and gross earnings and one of the largest corporate and retail banking financial institutions in sub-Saharan Africa (excluding South Africa). Since its establishment in 1894, the bank has consistently built relationships with customers focusing on fundamentals of good corporate governance, strong liquidity, risk management and strong capitalisation.
