The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991.
Established 1991 in Abuja, Nigeria by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation, NEXIM provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa. In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria’s non-oil exports.
Recommended: Functions Of Nigerian Export-Import Bank
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.
“To be the leading Export Development Bank in Africa”
To promote export diversification through the provision of Finance, Risk Bearing and Advisory Services in line with Government Trade Policy and best practice.
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.
The Nigerian Export-import Bank (NEXIM) official website is www.neximbank.com.ng.