Sunday, 29 July 2018


As part of its strategic drive to strengthen business partnerships between Nigeria and China, First Bank of Nigeria Limited, recently organised the FirstBank-Chinese Business Forum.

Themed: “Deepening Sino-Nigerian Cooperation,” the Forum was organised as part of the overarching strategy by the Bank to drive business conversations and the promotion of business and economic partnerships between Nigeria and China.

It can be recalled that the Central Bank of Nigeria reached a currency swap agreement with the Peoples Bank of China, in order to ease the burden of the liquidity issues faced by Nigerian business owners and Chinese manufacturers. Notably, FirstBank is among the four banks appointed as settlement banks in the deal.

As such, the FirstBank-Chinese business forum is one of the bank’s efforts to drive better customer services culture as part of its service excellence initiative.

The Group Chairman, CIG Motors, Diana Chen, was among the panelists at the plenary session that discussed the recently signed currency swap deal between the Chinese and the Nigeria governments, Lekki free trade zone, and other collaboration between Nigeria and China.

FirstBank’s Group Executive, Treasury & Financial Institutions, Ini Ebong; Head, Foreign Banking Services, Ayotunde Fanimokun; and Group Head, Products & Marketing Support, Abiodun Famuyiwa, joined in the plenary session with the Chinese industrialist.

Speaking, the Managing Director/CEO, First Bank of Nigeria Limited & Subsidiaries, DrAdesola Adeduntan, said: “The business relationship between China and Nigeria is of great importance to us, hence the establishment of our Representative Office in Beijing, China in 2010.”

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