Nigeria Export-Import Bank (NEXIM) | Export Credit Agency (ECA) in Nigeria

Export Credit Agency (ECA) in Nigeria

Nigeria Export-Import Bank (NEXIM) |
Export Credit Agency (ECA) in Nigeria
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About Nigeria Export-Import Bank

The Nigerian Export-Import Bank (NEXIM) was established in 1991 as a division of the 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 set up in 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 export
  • Maintenance of a trade information system in support of export business

A summary of Nigeria Export-Import Bank

Products and services offered by Nigeria Export-Import Bank

  • Export credit guarantee
  • Export credit insurance
  • Direct lending facility
  • Foreign input facility
  • SME export facility
  • Export development facility
  • Women and youth export facility
  • Market access services

Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio

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Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished

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Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

Read more

Are you an exporter based in Nigeria?

See our TFG Nigeria Export guide here .

Key Stats

Name:

Nigeria Export-Import Bank

Country:

Nigeria, Africa

CEO:

Abubakar A. Bello (Managing Director)

Founded:

1991

Employees:

145

Government:

Nigeria (Ministry of Finance and Central Bank)

Company Number:

--

Address:

Plot 975 Cadastral Zone AO, Central Business District, P.M.B. 276, Garki, Abuja, Nigeria.

E-mail Address:

neximabj@neximbank.com.ng

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About the Author

Sheena Magdaraog is responsible for the TFG Weekly Trade Briefings at Trade Finance Global.

With an extensive background in WordPress CMS and Digital Marketing, she loves the digitalization of trade and is fascinated about its impact on day to day transactions.

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