FCMB says $70m IFC loan on track
First City Monument
Bank said on Wednesday it is on track to securing a $70 million loan
package from the International Finance Corporation (IFC), the World
Bank’s private-sector arm.
Chief Executive
Ladi Balogun told an investor conference the loans — $50 million of
straight debt and $20 million of convertible debt — should be
confirmed within the next few days.
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