The Arab Bank for Economic Development in Africa (BADEA) and Sterling Bank PLC (Nigeria), signed today Monday, February 18, 2019, in Cairo, two loan agreements: the first one is a Line of Credit, which amounts to US $ 15 million to finance private sector projects, and the second one, which amounts to US $ 50 million, is a Line of Credit for financing Arab Exports to African importers, as part of BADEA’s program for financing Foreign Trade.


H.E. Dr. Sidi Ould TAH, Director General, signed on behalf of BADEA, while Mr. Adeyemi Odubiyi, Executive Director, Corporate & Investment Banking, signed on behalf of Sterling Bank.
The first Line of Credit aims to help the Bank to finance private sector projects in Nigeria by re-lending its resources to its customers. The loan also aims to enhance the role of the private sector in the country’s economic and social development, to contribute to the mobilization of the production and service sectors, creating job opportunities, providing and delivering various goods and services and supporting the country’s budget, through tax revenues, which will enhance opportunities for economic growth and improving the living standards of the population.

Within the same context, the two parties also signed a loan agreement to finance a Line of Credit that will be allocated to Trade Finance Operations. This Line of Credit aims to bring Arab goods and products to Nigeria by re-lending its resources to beneficiaries in the country. The Line also aims to encourage and promote trade exchanges between Arab and African countries and help to define African markets for Arab products, and thus help in the growth of Arab Exports destined for Sub-Saharan Africa.

SOURCE: https://brandspurng.com/2019/02/19/sterling-bank-secures-65-million-credit-facility-from-arab-bank/

ftc
dedicating it to my grandpa President buhari
four more years Mr President
go slow and take us to the next level
Vote Apc or waste your vote

hmmmm

Second Good news Today, I can't wait for the Final Good news on Saturday

Dominate Google page one with your business see results in my profile guaranteed

Rip Sterling

Okay

One bank
One customer

Lol

Nice development.

kk

Sterling bank dey d most useless bank of nigeria

Press like to agree

Good for business. Let's hope this stimulates the economy positively

hot

I hope they will be sincere about enhancing private sectors, because all dis ppl (banks) after submitting, evaluating and understanding ur business proposal they will end up telling you that their not interested in it, but then after few weeks you will see ur business plans/idea actively running by them.

dats alot of money

Am very surprised dis is nt termed islamization or d p termed islamic terrorist.

postbox:
The Arab Bank for Economic Development in Africa (BADEA) and Sterling Bank PLC (Nigeria), signed today Monday, February 18, 2019, in Cairo, two loan agreements: the first one is a Line of Credit, which amounts to US $ 15 million to finance private sector projects, and the second one, which amounts to US $ 50 million, is a Line of Credit for financing Arab Exports to African importers, as part of BADEA’s program for financing Foreign Trade.


H.E. Dr. Sidi Ould TAH, Director General, signed on behalf of BADEA, while Mr. Adeyemi Odubiyi, Executive Director, Corporate & Investment Banking, signed on behalf of Sterling Bank.
The first Line of Credit aims to help the Bank to finance private sector projects in Nigeria by re-lending its resources to its customers. The loan also aims to enhance the role of the private sector in the country’s economic and social development, to contribute to the mobilization of the production and service sectors, creating job opportunities, providing and delivering various goods and services and supporting the country’s budget, through tax revenues, which will enhance opportunities for economic growth and improving the living standards of the population.

Within the same context, the two parties also signed a loan agreement to finance a Line of Credit that will be allocated to Trade Finance Operations. This Line of Credit aims to bring Arab goods and products to Nigeria by re-lending its resources to beneficiaries in the country. The Line also aims to encourage and promote trade exchanges between Arab and African countries and help to define African markets for Arab products, and thus help in the growth of Arab Exports destined for Sub-Saharan Africa.

SOURCE: https://brandspurng.com/2019/02/19/sterling-bank-secures-65-million-credit-facility-from-arab-bank/

they want to Islamise Nigeria

Sterling Bank evil day is ahead
1. They collaborate with NIRSAL TO facilitate farmers risk base investors to come in but failed

2. They finance anchor borrower scheme again they fail

3. Now Arab bank will also fail them sooner or later with bilateral hidden agreement

Now I understand their new slogan... The rising Sun ( doing business with Arabs and middle east).

What I see is bribe to bring in Arabs goods into Nigeria and other of Africa.


I wonder when Africa will sign deals to bring made in Africa goods to other parts of the world.

.... MIRACULOUSLY, I AM STILL YET TO SEE ......


ISLAMISATION of NIGERIA BANKING sector from Commentators

Did this bank pass stress test? Click on the link on my signature if you want to be an exporter and make a lot of money.

In On Nigeria, when a company takes loan for expansion, it is usually diverted to personal accounts some how. Them the company will struggle till, it folds, is acquired or government comes to save it. Ask, virgin Nigeria, Diamond bank, Etisalat Nigeria, UBA before it was saved and others.
I hope this is nat same?

The management of Sterling Bank should know that the manner you are treating your Outsource Staff is uncalled for and barbaric as if they are not part of the system or they are slaves. Meanwhile, you think most of your loyal customers does not know what is going on. For your information, these outsourced staffs are more committed and dedicated than those useless core staffs you are parading like a king. I learnt from one of them last week that they were not covered with an ordinary HMO not to talk of reasonable loan.

We are coming for you this year from NLC, get prepared.

Re: Sterling Bank Secures $65 Million Credit Facility From Arab Bank by soothsayer2: 12:43pm
The management of Sterling Bank should know that the manner you are treating your Outsource Staff is uncalled for and barbaric as if they are not part of the system or they are slaves. Meanwhile, you think most of your loyal customers does not know what is going on. For your information, these outsourced staffs are more committed and dedicated than those useless core staffs you are parading like a king. I learnt from one of them last week that they were not covered with an ordinary HMO not to talk of reasonable loan.

We are coming for you this year from NLC, get prepared.