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Nigeria: Afreximbank supports Titan Trust Bank's acquisition of Union Bank Plc with a USD 300 million credit facility

Description

On 6 June 2022, Afreximbank announced a USD 300 million Intra-African Investment Financing Facility to back Titan Trust Bank's acquisition of Union Bank Plc. Both entities are Nigerian banks. Accordi...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Jun 2022

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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