• Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies
Monday, February 6, 2023
News Ville
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    UBA Gets First Female CEO

    UBA Gets First Female CEO

    How To Identify fake New Naira Notes

    How To Identify fake New Naira Notes

    How I Became Bank CEO At 34 -Tony Elumelu

    How I Became Bank CEO At 34 -Tony Elumelu

    GTB Stops International Transactions On Naira Cards

    GTB Stops International Transactions On Naira Cards

    Stanbic IBTC Appoints New Top Executives

    Stanbic IBTC Appoints New Top Executives

    Wema Bank Gets New MD/CEO as Adebise retires

    Wema Bank Gets New MD/CEO as Adebise retires

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    UBA Gets First Female CEO

    UBA Gets First Female CEO

    How To Identify fake New Naira Notes

    How To Identify fake New Naira Notes

    How I Became Bank CEO At 34 -Tony Elumelu

    How I Became Bank CEO At 34 -Tony Elumelu

    GTB Stops International Transactions On Naira Cards

    GTB Stops International Transactions On Naira Cards

    Stanbic IBTC Appoints New Top Executives

    Stanbic IBTC Appoints New Top Executives

    Wema Bank Gets New MD/CEO as Adebise retires

    Wema Bank Gets New MD/CEO as Adebise retires

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
News Ville
No Result
View All Result

US, Access Bank boost SMEs financing with $280m

July 29, 2022
in Finance
ShareTweetSend
US, Access Bank boost SMEs financing with $280m

Related Posts

UBA Gets First Female CEO
Finance

UBA Gets First Female CEO

February 3, 2023
How To Identify fake New Naira Notes
Finance

How To Identify fake New Naira Notes

January 21, 2023
How I Became Bank CEO At 34 -Tony Elumelu
Business

How I Became Bank CEO At 34 -Tony Elumelu

January 21, 2023
GTB Stops International Transactions On Naira Cards
Finance

GTB Stops International Transactions On Naira Cards

January 7, 2023
Stanbic IBTC Appoints New Top Executives
Finance

Stanbic IBTC Appoints New Top Executives

January 7, 2023

The United States International Development Finance Corporation and Access Bank have said that a whopping sum of $280m deal has been signed to boost Small and Medium-scale Enterprises’ financing in Nigeria.

Access Bank

The Chief Executive Officer, US International Development Finance Corporation, Scott Nathan, signed a commitment letter for the $280m in financing for Access Bank Plc in Nigeria alongside Access Bank Managing Director,  Roosevelt Ogbonna.

According to report, the loan will bridge the financing gap for small- and medium-sized enterprises and advance financial inclusion in Nigeria, including through the bank’s commitment to supporting women-owned and -led businesses.

Speaking on the loan to SMEs,  Nathan said the investment signifies the US support for private sector-led development in Nigeria and throughout West Africa.

“The $280m loan from DFC will boost financial inclusion in Nigeria and empower women, bolstering the country’s economic growth,” he said.

The Managing Director of Access Bank, Roosevelt Ogbonna expressed his delight at the partnership with DFC to boost the economy.

“Access Bank is extremely pleased to announce this strategic partnership with DFC to support the multitude of businesses across Nigeria who stand to benefit from greater access to finance, especially in an environment that is in need of stronger economic diversification. “We look forward to utilizing the partnership with DFC in driving further economic expansion and inclusion in Nigeria, with a strong focus on non-oil sectors and women businesses.”

Citibank acted as the coordinator and arranger, co-lender to help facilitate the loan.

Citi EMEA Head of Emerging Markets Corporate, BankRizwan Shaikh, also noted that the collaboration would boost SME activities.

He said, “We are delighted to have collaborated with Access Bank and DFC on this significant transaction, which will significantly boost SME corporate activity in Nigeria. This is yet another milestone stride for Citi as it executes a focused local economic development strategy based on solid partnerships with key clients and development agencies.”

Moreover, a statement said that the DFC financing for Access Bank would the supply needed liquidity given the global economic downturn caused by the COVID-19 pandemic.

The loan is expected to support at least 4,000 new SME loans in Nigeria. In addition, the loan proceeds will be on-lent across more than a dozen sectors in the Nigerian economy, with a specific focus on women-owned SMEs, and on loans with longer tenors, which will provide more flexibility to borrowers.

Breaking News

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

February 4, 2022
0

Nigerian dancer and Instagram influencer Usiwo Orezimena Jane, popularly known as Janemena, has revealed that she built her social media...

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

February 21, 2022
0

Regina Daniels' Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels Popular businessman, honourable Ned Nwoko, has...

UBA Gets First Female CEO

UBA Gets First Female CEO

February 3, 2023
0

Mrs Abiola Bawuah United Bank for Africa has announced the appointment of her first female Chief Executive Officer (CEO). The Board of Directors of the...

Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

March 13, 2022
0

Actress, Destiny Etiko surprised her boyfriend, Success John with an expensive car. Beautiful and curvy Nollywood actress, Destiny Etiko surprised...

Meet The Tallest Woman In The World

Meet The Tallest Woman In The World

November 1, 2021
1

Turkey's Rumeysa Gelgi has been named as the tallest woman living by Guinness World Records she stands at 215.16cm (7ft...

Call For Application: Photography, Art & Design Exhibition (PADE) By Ecobank 

Call For Application: Photography, Art & Design Exhibition (PADE) By Ecobank 

July 16, 2022
0

Photography, Arts and Design Exhibition (PADE) by ECOBANK holding live at the Ecobank Pan African Centre (EPAC) was conceived to...

Share on FacebookShare on TwitterShare on Whatsapp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Next Post
UBA rewards customers in bumper promo

UBA Rewards 20 Kids With N4m, Commits To Securing Future Of Kids, Teens

  • Advertise
  • Privacy & Policy
  • Contact
Call us: +234 813 466 5168

© 2021 Newsville Nigeria - Designed by Belomth Digitals.

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies

© 2021 Newsville Nigeria - Designed by Belomth Digitals.