Tectono Business Review: TWO NEW FACILITIES FOR NIGERIA’S NON-OIL EXPORT GROWTH FROM THE CENTRAL BANK OF NIGERIA

Sunday 26 March 2017

TWO NEW FACILITIES FOR NIGERIA’S NON-OIL EXPORT GROWTH FROM THE CENTRAL BANK OF NIGERIA

-N500 billion Export Stimulating Facility

-N50 billion Export Rediscounting and Re-financing Facility

The Central Bank of Nigeria (CBN) has established a N500 billion Export Stimulation Fund (ESF); and a N50 billion Export Rediscounting and Re-financing Facility (RRF), which are being managed by the Nigerian Export-Import Bank (NEXIM) to strengthen the non-oil sector and enhance its contribution to export revenue generation and economic development.

These facilities are available to all eligible non-oil export-oriented enterprises; and can be accessed through Commercial Banks and Development Finance Institutions, at “all-in interest rate” of 9% per annum, and a single maximum limit of up to N5 billion for the ESF; and “all-in interest rate” of 6% per annum for the RRF on transacting specific basis.

NIGERIAN EXPORT-IMPORT BANK

NEXIM HOUSE

Plot 975, Cadastral Zone AO, Central Business District,

PMB 276, Garki, Abuja, Nigeria

+23494603630-9, +23494603638

neximabj@neximbank.com.ng

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EXPORT

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EXPORT

Fellow #Nigerians, are you aware that our #crude #oil will soon become useless? Yes, it will, in no distant time, become #valueless owing to the fact that the #countries that rely on it as their only source of #energy are developing more affordable #alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent #economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only #solution is developing the #agricultural sector. In fact, this is the only #solution. Very soon, the major source of revenue will become agriculture and #agro-exports. How are you positioning yourself to play big in agro-export #business? Why don’t you get a practical manual that explains the stages of export trade from #processing and #packaging of #commodities to receipt of #payment by the #foreign buyers? Yes, arm yourself with the #contemporary #trends in #export #trade. This manual explains export #operations, export #management, export #documentations and methods of #payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

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Sunday 26 March 2017

TWO NEW FACILITIES FOR NIGERIA’S NON-OIL EXPORT GROWTH FROM THE CENTRAL BANK OF NIGERIA

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