#afrexim

Dangote Secures $650 million Afreximbank Loan for Lekki Refinery

Dangote Secures $650 million Afreximbank Loan for Lekki Refinery

Dangote Secures $650 million Afreximbank Loan for Lekki Refinery

Billionaire entrepreneur Aliko Dangote has obtained a $650 million loan facility with the African Export-Import Bank (Afreximbank) to complete his oil refinery project in Lekki, Nigeria.

According to facility terms read out during the signing, the seven-year term…

President Buhari Calls For Stronger Partnership With Lending Banks To Improve Infrastructure

President Buhari Calls For Stronger Partnership With Lending Banks To Improve Infrastructure

President Buhari Calls For Stronger Partnership With Lending Banks To Improve Infrastructure

President Muhammadu Buhari Thursday in Abuja called for stronger partnership with lending banks to reduce the nation’s infrastructure deficit, assuring of his administration’s full commitment to implement all…

Nigeria: Buhari challenges AFREXIM on align lending to agric priorities

President Muhammadu Buhari on Thursday requested the African Export – Import Bank (AFREXIM) to align its lending schemes with the agricultural priorities of the Federal Government.

The President made the request when he received the President of the Bank and Chairman of its Board of the Directors at the State House, Abuja.

President Buhari acknowledged the fact that Nigeria was the biggest…

Buhari tells AFREXIM to focus lending scheme to agriculture in Nigeria

  Muhammadu Buhari

Buhari tells AFREXIM to focus lending scheme to agriculture in Nigeria.

President Muhammadu Buhari on Thursday in Abuja, requested the African Export – Import Bank, AFREXIM, to align its lending schemes with the agricultural priorities of the present administration.

Speaking while receiving the President of the Bank and Chairman of its Board of the Directors at the State House…

Afrexim to impose penalties on KQ for breaching loan terms

Kenya Airways (KQ) has breached the terms attached to loans worth billions of shillings from the African Export and Import Bank (Afrexim) which could impose penalties or ask for early repayment of the debt. Afrexim provided the credit to help the national carrier acquire aircraft unfortunately KQ did not specify the broken covenants but said it is seeking waivers from Afrexim. The company in its…

Afreximbank to Support Development of Healthcare Centre of Excellence in Nigeria

The African Export-Import Bank (Afrieximbank) has entered a memorandum of understanding (MoU) with Kings College Hospital (KCH) London and the Nigerian Ministry of Health to collaborate in developing a centre of excellence for healthcare in Nigeria.

Afrieximbank launched the Centre of Excellence initiative in partnership with KCH in 2014 seeking to change the pattern of the high number of deaths…

OPINION | Orya’s NEXIM And The End Of An Era

By Lady Nkechi Odoma

There is a Yoruba adage to the effect that the world licks your hand when it is coated with honey but will never lick the same hand when it is dripping blood. It has been only a few days – not even one week, since Mr Robert Orya was, along with 26 other Managing Directors and Director-Generals of various parastatals,  honourably relieved of his appointment as the MD/CEO of…