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.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
First Abu Dhabi Bank to Open Office in Nigeria, Explores Growth Opportunities
UAE's Largest Bank to Enter Nigeria with Lagos Office
African Energy Bank to Begin Operations in June 2026, Headquarters Completed in Abuja
European Bank Makes Inaugural Investment in Nigeria, Signaling Growth Potential
Nigeria and Abu Dhabi Port Group Sign MoU for Strategic Collaboration in Port Development
Nigeria Delivers Fully Furnished Africa Energy Bank Headquarters in Abuja
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
