Friday, 20th May 2022
Breaking News:

African Export Import Bank

27 Mar
President and Chairman, Board of Directors, African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, said the third Intra-African Trade Fair (IATF 2023) is expected to generate more
10 Feb
African Export-Import Bank (Afreximbank) has committed $1 billion out of the estimated $10 billion required over the next 10 years for the successful roll out of African Continental Free Trade Area
14 Dec
African Export-Import Bank (Afreximbank) has listed the high trade finance gap, estimated at $82 billion, by a recent trade finance survey jointly conducted by the bank and the AfDB
18 Aug 2021
The Regional Chief Operating Officer of the African Export-Import Bank (Afreximbank), Eric Monchu Intong, has reiterated the bank's commitment to the full implementation
31 Jul 2020
Airlines on the African continent have amassed a total of $311 million bailout funds from governments’ bailout funds, but conspicuously missing among the “aviation-friendly nations” is Nigeria.
6 Nov 2019
The Federal Government, through some of its agencies, have recorded some gains in the fight to curb smuggling across the country’s land borders, especially for commodities like rice and petrol. With this success comes a huge cost to the country and several businesses in terms of revenue loss.
24 Oct 2019
Nigeria has been losing about 80 per cent of the value of its agricultural products through export of raw crops to industrialised countries which process and export the finished products back to the country.
13 Jun 2019
African leaders yesterday reviewed developments on the continent, including its under-development, stagnation and an ongoing integration project that already seemed stalked. They therefore concluded that several impediments were in the wheel of progress of the second largest continent in the world. Specifically, the stakeholders spotlighted the integration programme being championed by the African Union and…
8 Apr 2019
The African Export-Import Bank (Afreximbank) has shown strong financial and operational performance in 2018 with a total comprehensive income of $285.4 million. According to the News Agency of Nigeria (NAN), Afreximbank’s President, Prof. Benedict Oramah, disclosed this in a statement signed by the bank’s Head of Media, Mr. Obi Emekekwue, yesterday in Abuja. According to…
5 Apr 2019
African Export–Import Bank (Afreximbank) has said it is creating a digital ecosystem that will eliminate major bottlenecks to trade and financial flows within the continent. According to the bank, when completed, the platforms could triple the share of intra-African trade in Africa’s total trade and formalise significant proportions of the over $60 billion yearly informal…
28 Feb 2019
The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Ms. Maureen Mba as director. In her new role, she will be in charge of directing Afreximbank’s compliance functions and the strategic objectives related to compliance risk management. Her responsibilities will include implementing appropriate structures that allows for…
17 Dec 2018
Nigeria has emerged one of the early gainers of the maiden Intra-African Trade Fair (IATF), in Cairo, Egypt, as it had sealed a $2.24 billion deal for regional trade expansion and industrial parks. The first-ever IATF on the continent, organised by African Export-Import Bank (Afreximbank), in collaboration with the African Union (AU), due to end…


2 hours ago
Armed men have kidnapped an Italian couple and their child as well as a Togolese national in southeastern Mali, a local official and a Malian security source told AFP Friday.
3 hours ago
President Muhammadu Buhari on Friday in Abu Dhabi, United Arab Emirates (UAE), joined the Muslim faithful to observe Jummah prayers, at which prayers were said for the repose of the soul of the late President of UAE, Sheikh Khalifa bin Zayed Al Nahyan.
4 hours ago
With seven days to go to the eighth edition of the World Athletics Elite Label Okpekpe international 10km road race, Pamodzi Sports Marketing, organisers of the historic race says this year's edition will be the biggest ever in terms of its organisation and quality of its elite cast. Race director, Zack Amodu says arrangements have…
4 hours ago
President of the Senate Ahmad Lawal says his 2023 presidential ambition was conceived to enable him change the lives of Nigerians for the better.
5 hours ago
A Lagos High Court on Friday sentenced a Dane, Peter Nielsen, to death by hanging for killing his Nigerian wife and daughter. Justice Bolanle Okikiolu-Ighile convicted Nielsen, 54, on two counts of murder brought against him by the Lagos State Government. The judge sentenced Nielsen to death by hanging on both counts. The Dane was…