FirstBank gets $150m from Afreximbank to support businesses

African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA).

Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, said this in a statement on Monday in Lagos.

According to the statement, the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said the disbursement was a further proof of the relevance of the programme in helping African economies to recover from the crisis induced by the COVID-19 pandemic.

Dr Adesola Adeduntan, FirstBank’s CEO, commended Afreximbank for the impactful financial support.