Access Bank targets more biz opps in West Africa

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Image result for access bank shared by medianet.infoNigeria’s Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa.

So-called correspondent banking operations boomed over the last decade as commodity prices spiked and offshore lenders looking to tap into trade flows to Africa extended lines of credit to governments and businesses.

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