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Europe Daily Bulletin No. 8898

1 March 2005
Contents Publication in full By article 32 / 37
GENERAL NEWS / (eu) eu/eib
A loan of 50 million euros to support SMEs in Nigeria

Brussels, 28/02/2005 (Agence Europe) - The European Investment Bank (EIB) signed a contract on 22 February with Nigerian banks worth 50 million euros to support SMEs in Nigeria. These funds, which will be available in the Nigerian private sector as part of a global loan that the EIB has issued under the Cotonou Agreement Investment Facility, should allow the five continuing partner banks to obtain refinancing for approved projects. The EIB's objective is to offer these five banks, which will...

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