First Abu Dhabi Bank to Open Nigerian Office in Sub-Saharan Expansion Move

First Abu Dhabi Bank has announced plans to open a representative office in Lagos, Nigeria, as part of its expansion push in sub-Saharan Africa. The decision was revealed during the Investopia Africa event in Lagos, where Martin Tricaud, the Group Head of the wholesale bank, disclosed the bank's intention to establish a presence in Nigeria.

The bank is partnering with Afreximbank to provide $1.126 billion in financing for the Lagos-Calabar Coastal Highway project. Tricaud highlighted Nigeria's role as a financial hub and the country's potential for business opportunities.

The bank's representative office in Lagos will cover the entire West African region, positioning it strategically in the region's financial landscape. The bank's involvement in infrastructure projects like the Lagos-Calabar Coastal Highway demonstrates its commitment to supporting economic development in Nigeria.

The move also signifies Nigeria's attractiveness to international capital for infrastructure projects.