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Stanbic IBTC secures CNY800m loan from China Development Bank

BY TEMITOPE ADEBAYO Stanbic IBTC Bank has secured a landmark CNY800 million (Renminbi) three-year term loan facility from the China Development Bank (CDB), in a major step to strengthen Africa-China financial cooperation and support Nigeria’s growing trade and investment ties with Asia’s largest economy. The facility, signed under the broader strategic partnership between