Tectono Business Review: ABUBAKAR BELLO BECOMES CHIEF EXECUTIVE OFFICER OF NEXIM BANK

Saturday 6 May 2017

ABUBAKAR BELLO BECOMES CHIEF EXECUTIVE OFFICER OF NEXIM BANK

abubakar bello takes over from bashir wali asnexim bank md/ceo

Abubakar Bello taking over from Bashir Wali

The new Managing Director and Chief Executive Officer of the Nigerian Export-Import Bank (NEXIM Bank), Abubakar Bello, has ceremonially taken over the reins of leadership of the Bank from Bashir M. Wali, who was the Acting MD till Thursday, April 20, 2017.

NEXIM Bank is the official trade policy bank of the Federal Government, jointly owned, equally, by the Federal Ministry of Finance Incorporated and Central Bank of Nigeria (CBN). It is the state-owned Development Finance Institution (DFI) mandated to promote the diversification of Nigeria’s non-oil exports. The DFI provides financing and advisory services to Nigerian exporters.

Last June, the CBN released the guidelines for accessing the newly created N500 billion Export Stimulation Fund (ESF). The apex bank also announced it was expanding its Export Credit Rediscounting and Refinancing Facilities (RRF) by N50 billion. NEXIM Bank is the fund manager for both the ESF and RRF, which are accessible at single digit interest rates.

In recent years, NEXIM Bank has focused on financing export-oriented businesses in the value chains of the manufacturing, agro-processing, solid minerals and services sectors. The Bank has also been facilitating the establishment of a shipping company, through the Sealink project, to provide maritime links between countries of West and Central Africa. The Sealink, which is actively supported by private sector institutions and professional associations in the two Africa regions, was conceived to give a boost to intra-regional trade. Nigerian exporters and their regional counterparts are expected to save both time and money as they move cargoes across the regions.

On April 20th, the federal government appointed a new management for NEXIM Bank, headed by Abubakar Bello. Dr. Bala Bello and Stella Okotete were also appointed as Executive Directors in charge of Corporate Services and Business Development, respectively. Prior to his appointment, Abubakar Bello was Executive Director in charge of North-East and North-West zones at Unity Bank.

The handover ceremony was a mere formality as the new team headed by Bello had resumed at the Bank on April 21, as their appointments were announced to take “immediate effect.”(Financial Nigeria)

No comments:

GOF AD

Do you know that the kind of #vehicle you drive goes a very long way in affecting your #image? Yes, your vehicle tells people, including your #prospective #clients, how #comfortable you are. #Comfort is directly proportional to #competence. Of course, if you are competent in what you do, you will be comfortable enough to afford at least a #brand #new vehicle. Have you ever wondered why #banks and other #financial #institutions give their #marketers brand new cars? Your level of comfort goes a long way in determining if your prospective clients will trust you. The reason why you have not won those contracts or deals could be because your prospective customers think that you are incompetent owing to how worn-out your car is. Yes, the onus is on you to acquire brand new cars. Top sales people buy new cars every year. Do you know what? That worn-out vehicle that you currently drive can look like a brand new one. We, at GOF AUTOS LIMITED can make it possible via total #body #work, #refurbishing, #priming, #painting with the best #paint in the #world called #SIKKENS #PAINT, #OVEN #BAKING with a world-class oven and #BUFFERING. #Blue-chip #companies, #CEOs and top #managers give us all their worn-out vehicles for body work. You, too, can enjoy our world-class services. For details about GOF Autos Limited, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

EXPORT

Hmmm!!! Folks, let us say the truth and shame the #devil. Many #Nigerian #non-oil products #exporters have been defrauded of huge amount of #money in the process of #exporting #agricultural #commodities and solid #minerals to #foreign #countries. Do you know why? They were not trained on #export #operations, #management, #documentations and the best methods of #payment in export #trade. This is terrible!!! Nigerians cannot continue to lose money to #foreigners in the course of export #business. Exporters, would you like to keep on being scammed? 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? It 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

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

IBEJU-LEKKI PLOTS OF LAND

Extra-smart #people deserve extra-smart #investment in #landed #properties at the new #Lagos, otherwise known as #Ibeju #Lekki. This is where great #developmental #projects are currently going on and in the next two years, it will surpass #Lekki Phase 1 Estate. Are you aware that #Lekki #Port will commence full operations in 2022? This implies #port #operations and #development are shifting from #Apapa to Ibeju-Lekki. Any plot of land you buy in Ibeju-Lekki now will appreciate by excess of 200% in 2022. Other notable attraction here include: Lekki #Free #Trade #Zone, #Dangote #Refineries, Eleko #Beach, Lekki, New #Epe #International #Airport, #Eleganza #Industrial #Estate, Pan #Atlantic #University etc. If you have not invested heavily in landed properties, you have not landed. Acquire genuine plots and hectares of land free from government encumbrance in our estates at Ibeju-Lekki. For details, click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

Tectono Business Review

Pages

Saturday 6 May 2017

ABUBAKAR BELLO BECOMES CHIEF EXECUTIVE OFFICER OF NEXIM BANK

No comments:

Post a Comment