December 22, 2024
Money

This picture taken on January 29, 2016 in Lagos shows 1000 naira banknotes, Nigeria's currency. - Nigeria's central bank governor, Godwin Emefiele, on January 26 dismissed calls to devalue the naira in his monetary policy committee statement. Instead he chose to continue propping up the currency at 197-199 naira to the dollar and maintain foreign-exchange restrictions. As a result, the naira on the black market is hovering around a record low of 305, fuelling complaints from domestic and foreign businesses who can't access dollars required for imports. (Photo by PIUS UTOMI EKPEI / AFP) (Photo by PIUS UTOMI EKPEI/AFP via Getty Images)

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To accelerate growth of Small and Medium Enterprises (SMEs), especially those seeking to extend their business activities to France, Access Bank has announced the establishment of French Desk by the bank.
At the unveiling of the Access Bank’s French Desk in Lagos, the Group Managing Director of the bank, Herbert Wigwe the strategic platform will serve as a vital link between Business France, PROPACO, AFD,  and other multilateral organisations as well as provide tailored support and guidance to French businesses operating in Nigeria and Nigerian businesses seeking to expand their presence in France
According to him, the Access Bank French Desk will play a pivotal role in facilitating trade and investment between the two countries.
Wigwe pointed out that the partnerships will enable the bank to tap into their extensive networks,  leverage their expertise in various sectors,  and access funding opportunities  that will support the growth and expansion
of businesses operating in Nigeria and France.
He said by harnessing the strengths of both nations, the bank would unlock new opportunities,  drive sustainable growth, and create shared prosperity.
Also with the creation of tge French Desk, the bank is currently taking a strategic step  towards strengthening business ties  between Nigeria and France.
“Your attendance speaks volumes about your unwavering commitment, optimism, and belief in  the potential of Nigeria as a thriving market  and your determination to contribute to its growth.
“We recognise the immense potential  that lies within the Franco-Nigerian business relationship. Nigeria is Africa’s largest economy,  endowed with vast human and natural resources, while France possesses technological expertise, innovation, and a rich cultural heritage”
“I am convinced that with initiatives  like the Access Bank French Desk, we can forge a prosperous future,  driven by collaboration, innovation, and mutual respect,”he added.
Head, French Desk,  Michael Wenegieme said the initiative, which is in partnership with Business France, is created to strengthen business relationship between Nigeria and France.
He described the synergy as  a significant milestone in Access Bank’s drive to continue to support the efforts of both countries to ensure the growth and prosperity of small, medium and large-scale companies.
“The French Desk will serve as the platform to provide enhanced services and support to French businesses and individuals operating in Nigeria, as well as Nigerian businesses with significant interest in France or seeking to establish their presence in France.  By leveraging the expertise and resources of both
“Access Bank and Business France, the Desk aims to create dynamic and comprehensive banking solutions tailored specifically to the needs of these businesses.”
Wenegieme added that the alliance signifies the bank’s commitment to foster stronger economic ties between Nigeria and France, and serve as the bridge to facilitate business opportunities, promote trade, and encourage bilateral investments between our countries.

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