NEXIM Bank Shares $1bn To Nigerian Exporters, Others The Nigerian Export-Import Bank has entered into a $1bn trade facilitation pact with the African Export-Import Bank for Nigeria and other West African countries. The signing of the Memorandum of Understanding was one of the highpoints of events...

Export Promotion: Nigeria, AFREXIM Sign $1bn Loan Facility For Programme The ongoing intra African trade fair in Cairo, Egypt, has produced a deal that would boost the non-oil sector as the federal government and the African Export-Import Bank (AFREXIM) signed a $1 billion facility export...

Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation. The upper chamber is specifically probing all withdrawals from the account and...

External Reserves Drop By $1bn In Just 13days The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1bn in the 13 days to Monday, latest data from the Central Bank of Nigeria showed on Wednesday. The external reserves, which stood at $44.30bn on...

AfDB, Others Price Landmark $1 Billion Impact Securitization The African Development Bank (AfDB) and other international Portfolio managers have announced the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization...

Fish Importation Costs Nigeria $1bn Annually The Executive Director of the Nigerian Institute for Oceanography and Marine Research (NIOMR), has disclosed that the import bill of Nigeria on the importation of fish stands at about $1 billion. The Executive Director of the institute, Gbola Akande, said...