Nigeria Export-Import Bank

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.

As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.

Retired Doctors, Nurses and Laboratory Scientists across the country have volunteered their services to the cause of fighting the novel coronavirus (Covid-19) pandemic spreading across States in Nigeria.

As part of efforts to ameliorate the socio-economic hardship being faced by Nigerians in the fight against the deadly coronavirus, the federal government has been urged to extend her palliative to include suspension of payment of electricity and water bills for the ordinary Nigerians for two months.

From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures in the event the disease hits Nigeria.

Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities, comprising crops such as cocoa, oil palm, cotton and groundnut.

The Managing Director and Chief Executive Officer of the National Inland Waterways Authority (NIWA), Senator Olorunnimbe Mamora, has said that Nigeria’s inland waterways system is grossly underfunded.

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler, and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23.

Some oil companies operating in Nigeria are contributing to the country’s economic adversity, chairman of the Special Presidential Investigation Panel for the Recovery of Public Property, Okoi Obono-Obla, said on Monday.

Towards supporting the development of key agricultural products for export, the Nigeria Export-Import Bank (NEXIM) has earmarked the sum of N37 billion for the 36 states of the federation and the Federal Capital Territory (FCT), to diversify their revenue base.

The Central Bank of Nigeria (CBN) on Monday said its Monetary Policy Committee (MPC) opted to retain monetary policy rates to rein in inflation and stabilise the economy.

The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele.

A former Deputy Governor (Economic Policies) at Central Bank of Nigeria (CBN), Joseph Nnanna, has been named as the Chairman of Board of Nigeria Export Import Bank (NEXIM) by the federal government.

The Nigeria Export-Import (NEXIM) Bank has said the federal government has made available N500 billion loanable for businessmen and women who are into production of goods and services for export.

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to hasten the release of the N550 billion Export Stimulation Fund to boost the performance of non-oil export sector.

In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.

The data of over five million corporate organisations and individuals in the country have been collected through the Voluntary Assets and Income Declaration Scheme, VAIDS.

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres bio-fuel plant in Okeluse, Ondo State.