Nigeria Export-Import Bank

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.