International Finance Corporation (IFC) granted a cumulative sum of U$196.4m credit facilities to five Nigerian companies in its last financial year. The companies are Obajana Cement Plc, a subsidiary of Dangote Group, Guaranty Trust Bank (GTBank) Plc, Diamond Bank, Accion Nigeria, and African Reinsurance Corporation.
The Corporation’s 2005 annual report made available to Vanguard weekend, showed that Obajana Cement topped the list with US$75m grant, GTBank trailed with US$50m while Diamond Bank followed closely with $36m, Accion Nigeria US$25m and African Re Insurance US$10.4m.
