First Bank Promotes Trade Financing, Supports Export Finance Conference

 

First Bank of Nigeria Limited, has stated its resolve to promote trade financing in the country.
To drive home its resolve, the bank, in collaboration with FBN Bank UK Limited, a subsidiary of FBN Holdings Plc, sponsored the 7th Annual West Africa Trade & Export Finance two-day conference held in Lagos, recently.

The event, organised by Exporta Publishing & Events Limited, brought together delegates from the market’s leading corporate, banking and financial services organisations, to discuss key market issues within agribusiness, hard commodities, risk mitigation and infrastructural development.
In addition to a speaker line-up of the market’s primary decision-makers and trade finance specialists, the event also featured a number of dedicated networking sessions, allowing attendees to establish new working relationships and re-acquaint themselves with old contacts, all with the prospect of developing business across West Africa.

In a statement, the Group Executive, Treasury and Financial Institutions, FirstBank, Ini Ebong, said the bank would continue to create and support initiatives that would 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, during the event, was a member of the panel that discussed the topic, ‘Tracking trends within West African banking sector.
The progress First Bank has made in trade finance is 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.