Wednesday, March 26, 2014
Nigeria’s FCMB Commits $400 million To Power Sector
Nigeria’s First City Monument Bank (FCMB) Group plans to invest $200 million in the country’s power sector as it seeks to support private investors in the critical sector. According to Tolu Osinibi, executive director of the investment banking subsidiary of FCMB Group Plc, FCMB Capital Market Limited, more than $400 million had been committed to power sector financing by the Group. He described as very broad, the Group’s commitment to Nigeria’s power sector, noting that
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