Tag
AFREXIMBANK
News and anlysis about AfreximBank
The Federal Government of Nigeria has selected 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund (NGIF).
African Export-Import Bank, Afreximbank, has announced that it provided a $650 million lending facility to Oando Plc as part of the $783 million acquisition of Nigerian Agip Oil Company (NAOC).
In a landmark move aimed at stabilizing fuel pump prices and the dollar-Naira exchange rate, the Federal Executive Council has approved President Tinubu's proposal to sell crude oil to Dangote Refinery and other upcoming refineries in Naira.
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing improved stability in the unofficial market.
The naira traded in the N1500 range against the greenback at the parallel market, while the U.S. dollar index rallied to its eight-week high in the broader market.
Afreximbank and Africa CDC announce plan to collaborate on a $2 billion health security investment plan.
African Export-Import Bank (Afreximbank) has announced the launch of a $300 million concessional financing program targeted at supporting climate transactions in Africa.
FG announced a $3.5 billion agreement with Afreximbank to enhance the textile industry and promote the use of Compressed Natural Gas (CNG) vehicles, among other initiatives.
The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) have signed project preparation facility agreement in a move to set to transform healthcare accessibility across Africa.
The Cross River State Government has secured $3.5 billion in funding from Afreximbank in Cairo for the Bakassi Deep Seaport project.
The African Export-Import Bank (Afreximbank) and Access Bank are nearing the finalization of a funding agreement with the Lagos State Government to complete Phase 2 of the Lagos Blue Line.
Nigeria is set to receive the balance $1.05 billion from a syndicated loan backed by oil revenues by the end of May, aiming to rejuvenate its economy and enhance the availability of foreign currency in the domestic exchange market.