Country
Nigeria
Sector
Formal sector financial intermediaries
Intelligence Type
Project
Status / Stage
Proposed
Confidence
Confirmed
Latest Development
Detected automatically via the AfDB / IATI Datastore — not yet reviewed.
Sector: Formal sector financial intermediaries
Source: https://d-portal.org/ctrack.html#view/act?aid=46002-P-NG-HAB-047
Project Details
Project TypeTrade Finance / Financial Intermediation
Project OwnerFSDH Merchant Bank Limited
Project SponsorAfrican Development Bank
Financing InstitutionAfrican Development Bank
Start Date30 September 2022
Current PhaseConcept
Funding StatusUnfunded
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Historical Intelligence
2016 — Earlier Financing
FSDH received an earlier USD 50 million Trade Finance Line of Credit from the AfDB, which the 2022 project documentation states was fully repaid following satisfactory performance.
21 July 2022 — Project Disclosure / Initial Project Record
The AfDB project documentation described the proposed USD 25 million package comprising the USD 15 million TFLOC and USD 10 million TG facility.
30 September 2022 — Board Approval
The AfDB Board approved the USD 25 million financing package under project P-NG-HAB-047.
4 October 2022 — Project Summary Published
The AfDB published the Project Summary Note for the operation.
5 October 2022 — Public Announcement
The AfDB publicly announced the approval of the USD 25 million trade finance facility for FSDH, highlighting its expected support for Nigerian SMEs and local businesses.
Source & Verification Trail
Source(s)African Development Bank (via IATI) — https://d-portal.org/ctrack.html#view/act?aid=46002-P-NG-HAB-047
Source DateAugust 2026