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Tag: Afreximbank

Afreximbank creates payment solution to save traders $5bn
News

Nigeria tops Afreximbank beneficiaries with $52bn disbursement

Nigeria has received about $52 billion in total disbursements from Afreximbank, making it the bank’s top beneficiary in Africa. Afreximbank President and Board Chairman, Prof. Benedict Oramah, revealed this on Tuesday during the 2025 Annual Meetings Signing Ceremony in Abuja. Oramah stated that Afreximbank had disbursed at least $140 billion across Africa in the past […]

News

Afreximbank commits to aircraft financing for Nigerian airlines

Afreximbank has agreed to support aircraft financing for Nigerian airlines during a side meeting at the ongoing Aviation Economic Conference in Dublin, Republic of Ireland. The meeting, facilitated by Boeing’s Senior Director of Finance, Lereece Rose,, brought together key stakeholders to explore aircraft financing opportunities for Nigerian airlines. During the meeting, Afreximbank, led by Helen […]

News

AfreximBank to initiate capacity development for businesses in AfCFTA

The African Export-Import Bank announced plans to create a capacity development program targeted at allowing African enterprises to capitalize on the opportunities provided by the African Continental Free Trade Area. The continental bank announced on Wednesday that its academy would lead the capacity-building initiative in partnership with the AfCFTA Secretariat. AfCFTA is a free trade […]

News

Afreximbank approves $25bn share capital raise to propel continent’s growth

The African Export-Import Bank shareholders have authorized an increase in the permissible share capital from $5 billion to $25 billion. This was disclosed in a statement by Afreximbank on Wednesday, according to Businessday. In the statement, the bank stated that the rise recognizes the bank’s rapid growth in response to the problems faced by the […]

News

Nigeria to get $1bn Afreximbank loan May

Nigeria is set to receive the balance of $1.05 billion from a $3.3 billion Afrexim bank loan backed by oil revenues by the end of May The loan is one part of a larger $3.3 billion prepayment facility, which Afreximbank has set up with the repayment terms relating to crude oil consignments from Nigeria’s National […]

News

Afreximbank predicts decline in Nigerian banks’ earnings

Analysts forecast that major banks in Nigeria would likely see a decline in earnings this year, which is attributed to challenges posed by the regulatory and market changes, according to a new report by Afreximbank. In the report, Nigerian banks especially, those dependent on foreign exchange, may suffer from a decline in their earnings as […]

Business

Afreximbank, denies payment of $3bn loan from NNPCL with $12bn

The President and Chairman of the Board of Directors of the African Export-Import Bank has denied that the Nigerian National Petroleum Corporation Limited’s $3.3 billion loan from the bank will be repaid at a 12% interest rate. According to him, the loan with its 6% margin is among the greatest values available. According to Arise News, Oramah disclosed […]

News

AFC signs $40m deal with Afreximbank, King’s College Hospital

In order to build the African Medical Centre of Excellence in Abuja, King’s College Hospital and the Africa Finance Corporation inked a $40 million equity investment agreement on Wednesday. According to the Punch, A statement from the infrastructure solutions provider, the AMCE program aims to create the first of many world-class medical centers of excellence […]

NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA
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NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA

The African Export-Import Bank as well as the United Bank for Africa have disbursed $2.25 billion from a $3.3 billion oil-for-cash loan facility created by the Nigerian National Petroleum Company Limited. The first payment of $2.25 billion has been disbursed, with a second tranche of $1.05 billion scheduled to follow. The $3.3 billion emergency loan […]

Afreximbank president named Forbes Africa's Person of the Year
Business

Afreximbank president named Forbes Africa’s Person of the Year

The President of the African Export-Import Bank, Prof. Benedict Oramah, has been named a FORBES AFRICA magazine 2023 Person. The Times reported that this happened during an award ceremony in Cairo, Egypt, according to a statement. At the award ceremony, Prof. Oramah was revealed as the cover personality for FORBES AFRICA’s December 2023/January 2024 edition. The Managing […]

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