Global Trade Alert
Global Trade Alert

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

Announcement

06 Jun 2022

In June 2022, Afreximbank announced a USD 300 million Intra-African Investment Financing Facility to back Titan Trust Bank's acquisition of a majority stake in Union Bank Plc. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 Jun 2022

Revocation date:

No revocation date

Updated: 06 Jun 2022
State loan In force
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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