BOI and IFC Sign US$50 Million MSME Financing Deal

On 3 November, the Bank of Industry and International Finance Corporation signed a US$50 million, seven-year senior loan to expand long-term financing for Nigerian micro, small and medium-sized businesses. The agreement forms part of an IFC support package of up to US$100 million, with at least 25% of the loan proceeds allocated to women-owned businesses. HPC can support financial institutions, investors and eligible businesses with partnership development and financing-related advisory services.

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