The Nigerian Export-Import Bank (NEXIM), has disclosed the disbursement of N179.79 billion to Nigerian exporters in 2025. Managing Director of NEXIM Abubakar Abba Bello made the disclosure in Abuja at a conference organised by the Finance correspondents Association of Nigeria (FICAN).
Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration. The partnership according to a statement by the African Export-Import Bank (Afreximbank) enables instant
Barbara Bako, Abuja Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Mr. Wamkele Mene, has urged African leaders and institutions to prioritize the development of a unified digital identity infrastructure to accelerate cross-border trade, financial inclusion,
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that institutional resilience remains a vital foundation for building strong and lasting African institutions as the continent deepens integration. While recognising that institutional credibility is the anchor of effective monetary and financial policy, he
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns about Dangote Refinery’s forward integration adoption, warning that it could lead to a monopoly in disguise and pose a significant job loss threat to Nigeria. With a
The updated Annexes to the African Continental Free Trade Area (AfCFTA) Protocol on Intellectual Property Rights (IPR) in Africa, are ready for reconsideration by the Negotiating teams from all the 54 African Union member states. This follows a 2-week meeting
The African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025. It reveals that Afreximbank Group delivered satisfactory financial performance for the first quarter of 2025,
Since the announcement of series of tariffs by US President Donald Trump, countries have been reacting with markets in turmoil. Nigeria received a 14% slap with countries like China getting as high as 34%. The reactions have been mixed as
The Central Bank of Nigeria (CBN) has injected $197.71 million into the economy through sales to Authorized Dealers . Omolara Omotunde Duke, Director Financial Markets Department of the bank in a statement stated that the CBN noted recent movements in the foreign exchange market between
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is requesting for the prevention of monopolies and ensuring local refineries thrive, given their significant economic benefits to the country. PETROAN in a statement observed that the importance of healthy competition is essential
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