NCDMB, NEXIM to administer US$30m Working Capital Fund for oil and gas service companies

NIGERIA – The Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Export-Import Bank (NEXIM) have signed a memorandum of understanding on the administration of US$30 million Working Capital Fund for oil and gas service companies. The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse effects of the Covid-19 Pandemic, loss…

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Afreximbank, NEXIM to support Niger-Benue river charting with US$750,000 grant

NIGERIA – As part of the Regional Sealink Project, the African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have announced a US$750,000 grant to support the charting of the main channel of the Niger-Benue river in Nigeria. The Regional Sealink Project aims to bridge the gap in maritime transport infrastructure and improve trade connectivity in West Africa. The Regional…

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NEXIM launches US$26m seed fund to support women and youth exporters

NIGERIA – The Nigerian Export-Import Bank (NEXIM) has launched N10 billion (US$26.23m) seed fund to support women and youth exporters under a new programme coined Women and Youth Export Facility (WAYEF).  Managing Director of the bank, Mr. Abubakar Bello, who spoke at the launch in Abuja, described empowering women as smart business, owing to the multiplying effects of women’s businesses…

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Afreximbank, NEXIM partner to launch Joint Project Preparation Fund for trade sector

NIGERIA – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund. The fund will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. The Joint Project Preparation Fund will support public and private sector…

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