N5.8b loans for Nest West exporters, SMEs yet to be accessed, says bank
The Nigeria Export-Import Bank (NEXIM) has said N5.8 billion of the N7 billion loans for exporters and small and medium enterprises (SMEs) in the North West is yet to be accessed.
NIWA, NEXIM Bank partner to exploit potentials of inland waterways
A strategic step towards optimal utilisation of the nation’s waterways was taken at the weekend, when the National Inland Waterways Authority...
CBN’s ‘unconventional’ policy and rise in entrepreneurship
At the early stage of the development intervention by the Central Bank of Nigeria (CBN), amid its novelty, was regarded by many as a waste of taxpayersí fund. By 2016, the nationís real sector has been supported up to an estimated N1.36 trillion through several initiatives, with actual disbursements estimated at N732.2 billion. Today, the…
Nigeria makes early gains at IATF with $2.2 billion investment deals
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…
CBN decries non-performing N500b export stimulation fund
The Central Bank of Nigeria (CBN) has condemned the non-accessibility of the N500 billion export stimulation fund set up basically for the promotion of non-oil exports in the country.
‘NEXIM is pushing new initiatives to bridge export gaps’
Abubakar Abba Bello is the Managing Director and Chief Executive Officer of the Nigerian Export-Import Bank (NEXIM). The consummate banker, with 26 years hands-on experience, has cut his teeth across directorates of the banking system, including corporate, regional and commercial and public sector banking. He also had a stint in auditing. An accountant, from Ahmadu…
NEXIM sets aside N37bn for development of agric exports
The Nigeria Export-Import Bank (NEXIM) said it has set aside N37b for 36 states of the Federation and the Federal Capital Territory (FCT), to support the development of key agricultural products for export.
AfDB, NEXIM, BoI support Lagos SMEs’ gathering
The African Development Bank (AfDB), Nigerian Export-Import Bank (NEXIM) and Bank of Industry (BoI) are identifying with a convention of small and medium-size enterprises (SMEs) holding in Lagos. Convened by the African Sustainable SME Export Trade Solutions, the programme has collaborators in Institute Of Packaging Nigeria; Connect Nigeria; Pact Universal; Atlantic Exhibition; BellAfricana, and 3T…
Experts, BOA explain agric loan conditions as farmers lament poor funding
Financial experts and the Bank of Agriculture (BOA) have explained conditions attached to getting agric facilities while farmers narrate their ordeals getting loans.
On N500 billion for manufacturers
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was reported to have said that the Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) would provide N500 billion for small manufacturers in the country. The fund is to support the manufacturing and exportation of non-oil products.
Hope rises for cocoa sector as NEXIM readies N5b lifeline
Nigeria may soon bounce back to cocoa processing, and ultimately improve its export value chain, as the House of Representatives has urged the Central Bank to speed up the dispute settlement between the Assets Management Company of Nigeria (AMCON), and Multi-Trex. To this end, the Nigerian Export Import Bank (NEXIM) is also readying a…