Monday 15, February 2010 by
European Investment Bank provides largest ever investment in Africa
The funding of EUR 240 million ($326.5 million) into FirstBank of Nigeria, Guaranty Trust Bank and Stanbic IBTC, three Nigerian Banks, will be used to facilitate private and public private partnership infrastructure in the country and ensure continued investment in the sector. The Nigeria Framework Loan represents the largest single investment by the European Investment Bank, the long-term lending institution of the European Union.
