Nexim Bank declares ₦ 30.47 billion operating profits, ensures the BBB+ rating from Agusto & Co

The Nigerian Export-Import Bank (Nexim) was awarded a BBB+ rating by the credit rating agency Agusto & Co. Limited, affirming his satisfactory financial conditions and the strong ability to satisfy the obligations compared to other development financing institutions (DFI) in Nigeria.

For the exercise closed at 2024, Nexim Bank recorded an impressive operating profit of 30.47 billion, a significant increase compared to ₦ 13.75 billion of the previous year. This growth underlines the bank’s financial resilience and operational efficiency.

Founded to promote non -oil exports of Nigeria and support imports replacement companies, Nexim is fully owned by the Federal Government of Nigeria, through the equal participation by the central bank of Nigeria (CBN) and the Ministry of Incorporate Finance (Mofi).

The bank has maintained a strong liquidity and adequacy relationships of the capital, with considerable growth in its book of loans and equity tools. The supported key sectors include production, agriculture, solid minerals and services.

According to the CEO Abba Bello, Nexim intensified his intervention in the non -oil export sector, providing over 495 billion ₦, which led to the creation and sustenance of over 36,000 direct and indirect jobs.

The key initiatives currently led by the bank include: The Regional Sealink Project; Promotion of factoring services; and preparation fund of the joint project (JPP).

In addition, Nexim is developing tailor -made financing patterns for the mining sector, including the extraction of the contract, the leasing of the equipment and the credit financing/ECA of the buyers, designed to unlock the export potential and increase foreign currency gains.

Banca Nexim remains engaged in the construction of the local transformation capacity and by advanced the position of Nigeria in global trade, increasing the value chain of raw materials and improving the revenues of non -oil exports.