Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...

AfDB, Afreximbank Reports Reveal $5bn Capital Outflow In 2020       The African Trade Finance Survey report has revealed that there were massive capital outflows from Africa, exceeding $5bn in the first quarter of 2020. The report by the African Export-Import Bank, in collaboration with the United Nations...

Afreximbank, NEXIM Mulls  $50m project preparation fund  African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) said they are mobilizing up to $50 million project preparation funds for investments in Nigeria. This followed the signing of a Memorandum of Understanding (MoU) to establish a Joint Project...

Afreximbank Earmarks $2bn to Finance COVID-19 Vaccines’ Purchase       The President of the African Export-Import Bank (Afreximbank), Prof. Okey Oramah has disclosed that the bank is putting in place a financing facility of $2 billion to assist African countries in the purchase of COVID-19 vaccines, which...

Oil Prices: Afreximbank Predicts 10% Rise In 2021       Oil prices are expected to rise around 10 per cent over the next year, according to the Afreximbank African Commodity Index for the third quarter of 2020. The index, which measures commodity prices every quarter, said the oil...

Afreximbank Names Seven Nigerian Banks As Trade Finance Intermediaries       Seven Nigerian banks have been named Trade Finance Intermediaries of the African Export-Import Bank to enable a smoother delivery of its initiatives and credit solutions in Nigeria. A statement issued by the bank on Tuesday said the...