Naira Depreciates Further Despite $2.2bn Afreximbank’s Inflow Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is...

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...

In the bid to revive the ailing cocoa Industry in the country, the Afreximbank and the International Cocoa Organization (ICCO) met with the Bank of Agriculture (BOA) and the Nigerian Export-Import Bank (NEXIM) to discuss possible ways of intervention and development of the Cocoa...