Coronation merchant bank partners with international finance corporation to provide funding for nigerian businesses

Here's a potential press release:

FOR IMMEDIATE RELEASE

Coronation Merchant Bank Partners with International Finance Corporation to Provide Funding for Nigerian Businesses

Lagos, Nigeria - Coronation Merchant Bank, a leading Nigerian investment bank, has announced a partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to provide funding for Nigerian businesses.

The partnership aims to support the growth and development of Nigerian companies, particularly in the small and medium-sized enterprise (SME) sector, which is critical to the country's economic development. The IFC will provide financing to Coronation Merchant Bank, which will then on-lend to Nigerian businesses, providing them with access to capital to expand their operations, invest in new projects, and create jobs.

"We are thrilled to partner with the IFC to provide funding for Nigerian businesses," said Banjo Adegbohungbe, Managing Director and Chief Executive Officer of Coronation Merchant Bank. "This partnership will enable us to support the growth of Nigerian companies, particularly in the SME sector, which is a key driver of economic development in the country."

The IFC is a leading global development institution that focuses on creating opportunities for people to escape poverty and improve their living standards. The organization has a strong track record of supporting financial institutions in developing countries, and has provided financing to over 1,000 banks and financial institutions worldwide.

"We are pleased to partner with Coronation Merchant Bank to support the growth of Nigerian businesses," said Eme Essien Lore, IFC's Country Manager for Nigeria. "This partnership will help to increase access to finance for Nigerian companies, particularly in the SME sector, and support the country's economic development."

The partnership between Coronation Merchant Bank and the IFC is expected to have a significant impact on the Nigerian economy, particularly in the SME sector, which is critical to the country's economic development. The partnership will provide financing to Nigerian businesses, enabling them to expand their operations, invest in new projects, and create jobs.

About Coronation Merchant Bank Coronation Merchant Bank is a leading Nigerian investment bank that provides a range of financial services, including corporate finance, investment banking, and asset management. The bank is committed to supporting the growth and development of Nigerian businesses, and has a strong track record of providing innovative financial solutions to its clients.

About the International Finance Corporation The International Finance Corporation (IFC) is a member of the World Bank Group and is the largest global development institution focused exclusively on the private sector. IFC works with private sector companies, governments, and other organizations to create opportunities for people to escape poverty and improve their living standards. IFC has a strong track record of supporting financial institutions in developing countries, and has provided financing to over 1,000 banks and financial institutions worldwide.

Contact: [Name] Coronation Merchant Bank [Email] [Phone]

Note: This is a sample press release and may need to be modified to fit the specific needs and requirements of the organizations involved.