A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

Back-to-back letters of credit are two letters of credit (LoCs) used together to finance a transaction. These are used primarily in international transactions. The first letter of credit serves as ...

Nigeria’s fulfilment of foreign trade transactions through Letters of Credit rose by 3.68 per cent year-on-year to $267.96m in the first four months of 2025, up from $258.46m in the corresponding ...

Nigeria’s foreign trade through Letters of Credit   (LC) grew by 4.4 percent year-on-year, YoY, to $269.83   million in the first four months of 2025 (4m’25) from $258.46 million in 4m’24.

such as blockchain-enabled letter of credit transactions, to maintain their market positions. Blockchain technology streamlines and secures international trade transactions by providing a ...

Dealers in Asia are seeing increasing interest in cross-currency letters of credit (LCs), with users looking to take advantage of preferable interest rates to finance dollar-denominated trade with ...

In its recently published Q1 2025 financials, Fidelity Bank announced an impressive 23.38% year-on-year increase in letters ...

April 18, 2025 /PRNewswire/ -- Blessing Capital, an emerging firm in the alternative commercial finance space, has officially announced the launch of its Letter of Credit Program. A first-of-its ...