30 results
- 17 Sept 2018
BOI, Export-Import Bank of China Sign MoU on $500m Financing Support
The Bank of Industry (BOI), Nigeria’s leading Development Finance Institution (DFI), and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MoU) on a $500 million…
- 11 Feb 2025
Afreximbank Invests $52bn in Nigeria, Plans Energy Bank
The African Export-Import Bank (AFREXIMBANK) has invested a total of $52 billion in Nigeria, making the country the largest recipient of the bank’s trade and development financing. Prof. Benedict…
- 31 Mar 2021
NEXIM, Afreximbank Mobilise $50m Funding for SMEs
The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria. NEXIM announced in Abuja…
- 28 Sept 2021
NEXIM Launches N36B Fund to Promote SME Sectors Across Nigeria
The Nigerian Export-Import Bank (NEXIM) has launched a N 36 billion Export Development Fund to be disbursed to targeted export-oriented projects in the Small and medium-sized enterprises (SME) sector…
- 1 Apr 2024
Afreximbank, Sterling to Offer Supply Chain Finance in Nigeria
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce ‘Payables Finance’, a supply chain finance product in Nigeria. This product, branded as ‘Afreximbank Tradelink,’…
- 27 Apr 2026
Afreximbank to Fund 3 New Refineries in Nigeria
African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum…
- 15 Nov 2019
Heritage Bank Identifies High Prospects in Nigeria’s £4Bn Gold Market
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has disclosed that Nigeria’s Gold market is worth £4 billion Pounds with high prospects of profitability for all players in the…
- 11 Jun 2024
Afreximbank Provides $40m to Fidelity Bank to Facilitate Acquisition of Union Bank UK
African Export-Import Bank (Afreximbank) has said that it disbursed a $40 million intra-African investment facility to Fidelity Bank Nigeria Plc. According to a statement yesterday, the facility…
- 24 Aug 2025
Fidelity Bank to Host Strategic Export Financing Panel at FNITCC Atlanta 2025
As part of its ongoing commitment to expanding Nigeria’s footprint in global trade, leading financial institution Fidelity Bank Plc has announced it will host a high-level panel session at the…
- 27 Aug 2013
Okonjo-Iweala Inaugurates Sarah Alade-led NEXIM Board
The Board of the Nigeria Export-Import Bank (NEXIM) recently reconstituted by President Goodluck Ebele Jonathan, has been inaugurated by Dr. Ngozi Okonjo-Iweala, coordinating minister for the Economy…
- 22 Jul 2013
NEXIM Bank Facilitates Regional Sealink Project
The Sealink Project conceived by the Nigeria Export-Import Bank, Federation of the West and Central Africa Chambers of Commerce and Industries (FEWACCI) and Transimex (an integrated logistic services…
- 18 Jun 2026
AfreximBank Urges Nigeria, Others to Strengthen Continental Trade
The African Export-Import Bank (Afreximbank) has urged Nigeria and the rest of Africa to strengthen intra-African trade and resilience to protect against geopolitical shocks. In a recently released…
- 12 Feb 2025
Nigeria Received $52Bn from Afreximbank in 10 Years – Oramah
Prof. Benedict Oramah, president , Africa Export-Import Bank, (Afreximbank), has revealed that Nigeria is the highest recipient of intervention funds from the bank, amounting to $52 billion in the…
- 17 Jul 2018
BoI Secures $750M Afreximbank Loan at Single Digits for MSMEs
Bank of Industry (BoI) will be disbursing the $750 million (N250 billion) syndicated loan facility which she received from the African Export-Import Bank (Afreximbank) to Micro, Small and Medium…
- 15 Dec 2022
GAIN and Afreximbank Empower Young African Entrepreneurs
Grand Africa Initiative (GAIN) in collaboration with Africa Export-Import Bank (AFREXIMBANK) trained young African Entrepreneurs from across Africa. The program GAIN-AFREXIMBANK Masterclass on…
- 1 Oct 2024
FG Secures $200m Investment from Afreximbank to Boost Creative Industry
The Ministry of Arts, Culture, and Creative Economy has successfully secured a $200 million investment from the African Export-Import Bank (Afreximbank) to enhance Nigeria’s creative industry. In a…
- 26 Jan 2022
Afreximbank Pledges Financial Support Nigeria’s DSO Project
The African Export-Import Bank (Afreximbank) has said that it will put up a financial mechanism to ensure the completion of Nigeria’s Digital Switch Over (DSO) project before the end of the year.…
- 4 Dec 2023
NEXIM Bank Assures Foreign Investors 100% Access to FX for Repatriation
The Nigerian Export Import (NEXIM) Bank has assured foreign investors of 100 per cent access to their foreign exchange proceeds for reparation. Stella Okotete, the bank’s Executive Director, Business…
- 15 Aug 2017
Russian Bank Targets Nigeria, others in Expansion Drive
Promsvyazbank, one of Russia’s largest privately-held banks, is looking to Nigeria and other Africa countries to expand its business, one of its senior executives told Reuters. Alexander…
- 26 Jul 2026
AfDB, Nigeria Urge African Control of Mineral Resources
Nigeria and the African Development Bank (AfDB), on Sunday, called for stronger African ownership of the continent’s vast mineral resources and advocated greater data sovereignty, regional…
- 6 Feb 2013
AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria
African Development Bank (AfDB) yesterday signed an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively $500 million to Bank of Industry (BOI) and…
- 7 Jul 2022
Afreximbank Signs Deal with UTM on Financing for Historic Floating LNG Project
African Export-Import Bank, Afreximbank, yesterday disclosed that it has executed a project preparation facility financing head of terms with UTM Offshore Limited, under which the Bank will…
- 18 Jan 2013
Ex-Im Bank Grants $15.7m to Lagos for Fire-Fighting Vehicles
Export-Import Bank of the United States (Ex-Im Bank) has authorised a $15.7 million direct loan to the Lagos state government to underwrite the purchase of 32 American fire-fighting vehicles…
- 15 Jun 2022
Afreximbank Mobilises $35b for African Development
The African Export-Import Bank (Afreximbank) has mobilised a whopping $35 b for the development of the continent, in the last five years. Prof. Benedict Oramah, the President of the bank, disclosed…
- 9 Nov 2021
Nigeria Secures $400,000 Grant from Afreximbank for Pharmaceutical Production
The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the…
- 12 Mar 2021
Ecobank Reiterates Interest in Export Trade
Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities,…
- 26 Sept 2023
Afreximbank Seeks Participation of SME in Global Trade
The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) to position their small and medium…
- 30 Jun 2021
AfreximBank to Support Ogun Infrastructural Development with $200m
The African Export-Import Bank (Afrexim) has disclosed plan to support infrastructural development in Ogun State with an envelope of $200 million. The fund, according to the bank, will be dedicated…
- 30 Jan 2026
Fitch Downgrades Afreximbank to ‘BB+’/Stable Amid Concerns Over Ghana’s Debt
Fitch Ratings has downgraded African Export-Import Bank’s (Afreximbank) Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-’. Fitch also downgraded Afreximbank’s Short-Term IDR to ‘B’, from…
- 23 Apr 2026
EXPLOSIVE: How Titan Trust Bank Allegedly Used Union Bank’s Own Assets to Fund Its Takeover
What was sold to Nigerians in May 2022 as a clean and powerful takeover is now looking like something far more troubling. When Titan Trust Bank announced it had acquired Union Bank of Nigeria, a 100+…