EBURY PARTNERS LIMITED

Renewable Energy NGN Case Study An intermediary reached out to inquire about our currency capabilities, specifically in frontier markets. Subsequently, we engaged in a call with their client to gain a deeper understanding of their situation. The client had been involved in the development of multiple solar projects in Nigeria, where, due to government and banking regulations, their Nigerian customers began making payments in local currency (NGN). This resulted in the client accumulating approximately USD 1.5 million equivalent in NGN, which posed cash flow constraints as it was difficult to sell NGN due to limited liquidity in the right-hand side of the market. However, leveraging Ebury's extensive expertise in handling exotic currencies and our strong relationships with local banks and liquidity partners, we were able to offer a solution by providing the client with dedicated NGN accounts for local collection and subsequent conversion into major currencies such as GBP, USD, or EUR.