The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. In its function, NEXIM focuses on the development and expansion of the non-oil sectors of the Nigerian economy, with a view to reducing the country's over-reliance on oil exports.[1]
The NEXIM mission is to increase the rate of export of non-oil product for both small, medium, and large enterprises in all sectors of the economy by providing funds, risk-bearing programs, and advisory services in line with government trade policy.[2]
Locationedit
The headquarters of Nexim are located at NEXIM House, Central Business District, Garki, Abuja, Nigeria.[3] Nexim House is bordered by Kur Mohammed Avenue to the north, Ahmadu Bello Way to the east and Constitution Avenue to the south. Its geographical coordinates are: 09°03'44.0"N, 07°29'37.0"E (Latitude: 09.062222; Longitude:07.493611).[4]
2. "Provision of credit in local currency to its clients in support of exports".
3. "Maintenance of a foreign exchange revolving fund for lending to exporters who need to import foreign inputs to facilitate export production".
4. "Maintenance of a trade information system in support of export business".[5]
Ownershipedit
The financial institution is jointly owned by the CBN and MOFI, on a 50/50 basis.[5]
Financial positionedit
As of 31 December 2015, the bank's total assets were valued at NGN:64,731,403,000 (approx. US$170,562,000 in 2021 money), with shareholders' capital of NGN:41,150,885,000 (US$108,429,000).[6] *Note: US$1.00 = NGN379.52 on 27 February 2021.
^This Day (2 November 2014). . This Day. Lagos. Archived from the original (Archived from the original on 2 April 2015) on 2 April 2015. Retrieved 27 February 2021.
^. 20 February 2022. Archived from the original on 20 February 2022. Retrieved 21 February 2022.
^NEXIM (27 February 2021). "NEXIM Bank: Contact Us". Abuja: Nigerian Export-Import Bank (NEXIM). Retrieved 27 February 2021.
^Google (27 February 2021). "Location of NEXIM House, Central Business District, Abuja, Nigeria" (Map). Google Maps. Google. Retrieved 27 February 2021.
^ abcdNEXIM (27 February 2021). "NEXIM Bank: About Us". Abuja: NEXIM Bank (NEXIM). Retrieved 27 February 2021.
^NEXIM (April 2019). "Audited Financial Statement As of 31 December 2015" (PDF). Abuja: Nigerian Export-Import Bank (NEXIM). Retrieved 27 February 2021.
External linksedit
Company Profile At Wand.com As of April 2015.
NEXIM Bank: Positioning The Economy For Post Crisis Performance As of November 2020.
nigerian, export, import, bank, nexim, export, credit, agency, nigeria, established, 1991, function, nexim, focuses, development, expansion, sectors, nigerian, economy, with, view, reducing, country, over, reliance, exports, company, typeexport, credit, agency. The Nigerian Export Import Bank NEXIM is an export credit agency in Nigeria established in 1991 In its function NEXIM focuses on the development and expansion of the non oil sectors of the Nigerian economy with a view to reducing the country s over reliance on oil exports 1 Nigerian Export Import BankCompany typeExport credit agencyFoundedJuly 1 1991 32 years ago 1991 07 01 HeadquartersNEXIM House975 Cadastral Zone AOCentral Business DistrictGarki Abuja NigeriaArea servedNigeriaKey peopleAbubakar A BelloManaging Director amp Chief Executive OfficerOwnersFederal Government of Nigeria amp Central Bank of NigeriaWebsitewww wbr neximbank wbr com wbr ng Contents 1 Mission 2 Location 3 Overview 4 Ownership 5 Financial position 6 See also 7 References 8 External linksMission editThe NEXIM mission is to increase the rate of export of non oil product for both small medium and large enterprises in all sectors of the economy by providing funds risk bearing programs and advisory services in line with government trade policy 2 Location editThe headquarters of Nexim are located at NEXIM House Central Business District Garki Abuja Nigeria 3 Nexim House is bordered by Kur Mohammed Avenue to the north Ahmadu Bello Way to the east and Constitution Avenue to the south Its geographical coordinates are 09 03 44 0 N 07 29 37 0 E Latitude 09 062222 Longitude 07 493611 4 Overview editNEXIM was established in 1991 as a joint venture between the Central Bank of Nigeria CBN and the Federal Ministry of Finance Incorporated MOFI with an initial capital of NGN 50 000 000 000 approx US 132 million in 2021 money 5 Note US 1 00 NGN379 52 on 27 February 2021 According to the bank s website some of its core functions include the following 5 1 Provision of export credit guarantee and export credit insurance to qualifying clients 2 Provision of credit in local currency to its clients in support of exports 3 Maintenance of a foreign exchange revolving fund for lending to exporters who need to import foreign inputs to facilitate export production 4 Maintenance of a trade information system in support of export business 5 Ownership editThe financial institution is jointly owned by the CBN and MOFI on a 50 50 basis 5 Financial position editAs of 31 December 2015 the bank s total assets were valued at NGN 64 731 403 000 approx US 170 562 000 in 2021 money with shareholders capital of NGN 41 150 885 000 US 108 429 000 6 Note US 1 00 NGN379 52 on 27 February 2021 See also editList of banks in Nigeria Economy of Nigeria ECOWASReferences edit This Day 2 November 2014 NEXIM Bank Closer to the Economy than Thought This Day Lagos Archived from the original Archived from the original on 2 April 2015 on 2 April 2015 Retrieved 27 February 2021 About Us Nigeria Export Import Bank 20 February 2022 Archived from the original on 20 February 2022 Retrieved 21 February 2022 NEXIM 27 February 2021 NEXIM Bank Contact Us Abuja Nigerian Export Import Bank NEXIM Retrieved 27 February 2021 Google 27 February 2021 Location of NEXIM House Central Business District Abuja Nigeria Map Google Maps Google Retrieved 27 February 2021 a b c d NEXIM 27 February 2021 NEXIM Bank About Us Abuja NEXIM Bank NEXIM Retrieved 27 February 2021 NEXIM April 2019 Audited Financial Statement As of 31 December 2015 PDF Abuja Nigerian Export Import Bank NEXIM Retrieved 27 February 2021 External links editCompany Profile At Wand com As of April 2015 NEXIM Bank Positioning The Economy For Post Crisis Performance As of November 2020 09 03 44 N 07 29 37 E 9 06222 N 7 49361 E 9 06222 7 49361 Retrieved from https en wikipedia org w index php title Nigerian Export Import Bank amp oldid 1104340141, wikipedia, wiki, book, books, library,
