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FCMB Gets $50 Million Loan from IFC To Support Businesses hit by Covid-19

FCMB Group Plc, a Nigerian lender, obtained a $50 million loan or about N20bn from International Finance Corp. to support companies affected by the coronavirus pandemic. The fund is from an $8 billion credit facility launched in March by the World Bank’s private-lending arm to support companies impacted by Covid-19, the Lagos-based lender said in…

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