The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria. The Bank which replaced the Nigerian Export Credit Guarantee & Insurance Corporation earlier set up under Act 15 of 1988, has the following main statutory functions: –
Provision of export credit guarantee and export credit insurance facilities to its clients.
Provision of credit in local currency to its clients in support of exports.
Establishment and management of funds connected with exports.
Maintenance of a foreign exchange revolving fund for lending to exporters who need to import foreign inputs to facilitate export production.
Provision of domestic credit insurance where such a facility is likely to assist exports.
Maintenance of a trade information system in support of export business.
The Bank presently provides short and medium term loans to Nigerian exporters. It also provides short term guarantees for loans granted by Nigerian Banks to exporters as well as credit insurance against political and commercial risks in the event of non-payment by foreign buyers. The Bank is also the government’s National Guarantor under the ECOWAS Inter-state Road Transit programme
Company Details
- Employees
- 224
- Founded
- -
- Industry
- International Trade And Development
- NAICS
-
International Trade Financing
- Website
- nerus.com.ar
- Keywords
- Lagos Island.
- Competitors
- African Development Bank Group, Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, African Export-Import Bank (Afreximbank), NSIA: Nigeria Sovereign Investment Authority, Federal Inland Revenue Service (FIRS), Bank of Industry Limited, Nigerian Export Promotion Council (NEPC), Nigerian Communications Commission, Development Bank of Nigeria Plc.
Nigerian Export Import Bank - Nexim Questions
Nigerian Export Import Bank - Nexim's website is nerus.com.ar
Nigerian Export Import Bank - Nexim's LinkedIn profile is https://fr.linkedin.com/company/nigerian-export-import-bank---nexim
Nigerian Export Import Bank - Nexim has
224 employees.
View email and phone details for 224
employees at Nigerian Export Import Bank - Nexim.
Nigerian Export Import Bank - Nexim's industry is
International Trade and Development
Nigerian Export Import Bank - Nexim's top competitors are
African Development Bank Group,
Central Bank Of Nigeria,
Nigeria Deposit Insurance Corporation,
African Export-Import Bank (Afreximbank),
Nsia: Nigeria Sovereign Investment Authority,
Federal Inland Revenue Service (Firs),
Bank Of Industry Limited,
Nigerian Export Promotion Council (Nepc),
Nigerian Communications Commission,
Development Bank Of Nigeria Plc.
Nigerian Export Import Bank - Nexim's categories are International Trade and Development
Nigerian Export Import Bank - Nexim's founding year is 1991
