UPDATE 1-Nigeria's FBN Holdings to focus on short-term financing as loans slow

April 13, 2015 3:03 PM

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LAGOS, April 13 (Reuters) - Nigeria's FBN Holdings will focus on short-term trade financing to make up for slower growth in its loan book forecast to expand by 4 percent this year from 23 percent last year, its CEO said on Monday.

Bello Maccido, the chief executive of FBN Holdings said the top tier lender with over 2.2 trillion naira ($11 billion) on its loan book will be conservative on loans this year after financing power and oil sector projects in 2014.

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