Union Bank of Nigeria will benefit from a $40 million facility from the International Finance Corporation (IFC) as part of the institution’s Global Trade Finance Program. This allows the Nigerian bank to benefit from the program’s guarantee facility which protects against the risk of non-payment on commercial transactions.

For more information, please see https://www.ecofinagency.com/finance/1210-41924-nigeria-ifc-approves-40mln-facility-for-union-bank