First Abu Dhabi Bank plans new office in Lagos for regional growth
First Abu Dhabi Bank has revealed plans to open a representative office in Lagos, Nigeria, marking its first presence in sub-Saharan Africa. Martin Tricaud, the bank’s Group Head of Wholesale Banking, shared the news at the Investopia Africa event in Lagos. The bank aims to use the Lagos office as a hub for expanding its business across West Africa. First Abu Dhabi Bank has already partnered with Afreximbank to support major infrastructure projects in Nigeria.
TLDR
- First Abu Dhabi Bank will establish a representative office in Lagos to expand its sub-Saharan footprint.
- Martin Tricaud said the office will serve both Nigeria and the wider West African region.
- The bank partnered with Afreximbank to provide $1.126bn for the Lagos–Calabar Coastal Highway project.
- The Lagos office is expected to boost the bank’s involvement in infrastructure and energy investments.
- First Abu Dhabi Bank sees Nigeria as a key market for attracting international capital into infrastructure.
