South-South states’ forum deepens quest for diversified economies from oil, gas
Although the three-day economic diversification workshop organised by Nigerian Export Import Bank (NEXIM), held in Asaba, Delta State, has come and gone, its success will take a while to yield fruits.
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.
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…
Legislation hampers 2.5tr Euros global factoring deals In Nigeria
Peter Mulroy is the Secretary-General of The Netherlands-based FCI (previously Factors Chain International). FCI, representing the interests of the global open...
‘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…
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.