NEXIM Bank Records N30.4bn Profit, Earns Bbb+ Rating, Boosts Export Financing

NEXIM Bank in Nigeria reported a profit of N30.4 billion and received a Bbb+ rating from Agusto, a leading credit rating agency. The Managing Director, Abba Bello, highlighted the bank's strong financial position and its support for Nigerian exporters, which led to the creation of direct and indirect jobs.

NEXIM's loan book notably grew in key sectors like manufacturing, agriculture, solid minerals, and services, aligning with the government's diversification agenda. The bank is also driving initiatives like the Regional Sealink Project to enhance maritime logistics in West and Central Africa.

Additionally, NEXIM is developing tailored financing schemes for the mining sector to boost exports and foreign exchange earnings.