First Bank of Nigeria Limited has organised the FirstBank-Chinese Business forum with aim of strengthening business partnerships between Nigeria and China.
The bank in statement said that the forum was organised as part of its overarching strategy to drive business conversations and the promotion of business and economic partnerships between Nigeria and China.
Only recently, 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.
The forum featured a panel discussion with Chief Diana Chen, the Group Chairman, CIG Motors among the panellists. He 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. Mr. Ebong led the FirstBank’s team.
Speaking at the event, Adesola Adeduntan, the Managing Director/Chief Executive, First Bank of Nigeria Limited & Subsidiaries 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, to cater to the growing needs of Sino-Nigeria businesses, and to provide support in channelling trade flows between the two countries.
Our promise is that we will always deliver the ultimate gold standard of value and financial excellence as we put customers at the heart of our business.”