The Nigerian Export-Import Bank has reported an operating profit of N30.47bn for 2024, up from N13.75bn in 2023, underscoring its growing financial resilience.
In a statement, NEXIM said it also secured a “Bbb+” rating from Agusto & Co, reflecting strong capacity to meet obligations relative to other development finance institutions.
The bank, jointly owned by the CBN and the Ministry of Finance Incorporated, attributed the performance to stronger intervention in key sectors, including manufacturing, agriculture, solid minerals, and services.
Managing Director, Mr. Abba Bello, said the bank had disbursed over N495bn to businesses, sustaining more than 36,000 jobs. Initiatives such as the Regional Sealink Project, Factoring Services, and a Joint Project Preparation Fund with Afreximbank also supported growth.
Looking ahead, NEXIM is developing new financing schemes for the mining sector to boost export potential and FX earnings.
