Nigeria and India are working on ways to enhance the $12 billion yearly bilateral trade between both countries in a way that would focus on investment. Receiving the Indian High Commissioner to Nigeria, Shri Abhav Thakur, in his office, Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah in a statement, lauded the relationship between…

The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of its Internal Audit Department following the upgrade of that function into a full department.

The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Ms. Maureen Mba as director. In her new role, she will be in charge of directing Afreximbank’s compliance functions and the strategic objectives related to compliance risk management. Her responsibilities will include implementing appropriate structures that allows for…

Major Development Finance Institutions (DFIs) locally and the continent’s largest trade bank- Africa Export-Import Bank, were recently spotted in Abuja, committing to funding the development of Nigeria’s special economic zones. Already, in Abia State, the Enyimba Economic City project has taken off. Indeed, the accelerated pre-development work had been carried out by a multi-disciplinary team…

The Federal Government of Nigeria has allocated a 5.12-hectare piece of land in Abuja to the African Export-Import Bank (Afreximbank) for the development of a centre of excellence for medical services to serve Nigeria and the West African sub-region.

The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank (Afreximbank), will catalyse...

The African Export-Import Bank (Afreximbank) has signed a facility agreement of $170 million with Egypt-based conglomerate, Orascom Investment Holding (OIH), to assist the company’s pan-African expansion activities. The move would now pave way for Orascom Investment to explore business and investment opportunities referred to it by Afreximbank in such countries as Nigeria, Rwanda, Togo, Eretria…

Former President Olusegun Obasanjo yesterday in Cairo, Egypt urged all African countries to quickly ratify the African Continental Free Trade Agreement...

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…

The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa.

The first-ever Intra-African Trade Fair (IATF) on the continent has kicked off in Cairo, Egypt, with the African Export-Import Bank (Afreximbank) leading calls for the implementation of initiatives that will add meaning to the African Continental Free Trade Agreement (AfCFTA).

The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the nine months ended September 30, 2018, showing strong financial and operational performance, with gross income of $546.6 million.   This represents 14.3 per cent increase from the same period last year, while it recorded a net income of $172.4 million, representing a…