Nigerian Export-Import Bank

Nigerian Export-Import Bank
Export credit agency
Founded 1991 in Abuja, Nigeria
Headquarters Abuja, Nigeria
Area served
 Nigeria
Key people
 Bashir Wali
Owners Federal Government of Nigeria, Central Bank of Nigeria
Website www.neximbank.com.ng

The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991.[1]

History

The bank was established by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation.[2] It provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa.[3] In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria's non-oil exports.[4]

Bashir Mahe Wali is the Acting. Managing Director/Chief Executive Officer of the Bank; he was appointed in February 2016 after Robert Orya was sacked by the President Muhammadu Buhari Administration.

Citations

  1. ↑ "NEXIM Bank: Closer to the Economy than Thought". thisdaylive.com. Archived from the original on 2015-04-02.
  2. ↑ Nigerian Export-Import Bank (NEXIM). Wand Inc. Accessed April 2015.
  3. ↑ "Analysis: NEXIM turns the positive curve, poised for more". Premium Times.
  4. ↑ Wale Odunsi (21 August 2014). "Jonathan re-appoints Robert Orya as NEXIM Bank MD". Daily Post.
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