The move comes as the banking heavyweight—among the world’s largest and most highly rated financial institutions—deepens its engagement with Nigerian infrastructure and energy projects. Martin Tricaud, Group Head of Wholesale Banking at First Abu Dhabi Bank, announced the plans Monday at the Investopia Africa conference in Lagos.
Nigeria will become the bank’s 22nd market globally, extending its presence beyond the Middle East, Europe, Asia, and North Africa, where it currently operates in Egypt and Libya.
The Lagos office follows the bank’s recent partnership with the African Export-Import Bank to deliver $1.126 billion in financing for Phase 1, Section 2 of the Lagos–Calabar Coastal Highway, one of Nigeria’s most ambitious infrastructure undertakings.