NEXIM Bank - Repositioning for Nigeria's Non-Oil Exports

(All Africa News, 19 September 2013, Abuja) NEXIM, the Nigerian Export-Import Bank was established in 1991 and is owned equally by the Central Bank of Nigeria and the Ministry of Finance. Since 2009, NEXIM has reformed its processes and redefined its focus to promoting the diversification of the Nigerian economy and deepening the external sector, particularly the non-oil sector, through provision of credit facilities, export credit guarantee & export credit insurance; business development and financial advisory services. The bank's current strategic initiatives are targeted towards boosting employment creation and foreign exchange earnings in the manufacturing, agro-processing, solid minerals and services (tourism, transportation and entertainment) industries.