NEXIM spends N3.9bn on staff travel amid record profit

The Nigerian Export-Import Bank spent a staggering N3.9 billion on staff travel in 2024, according to its audited financial statements. This figure represents an increase of over 4,500% compared to the N79.6 million spent in 2023. This massive spike made travel the single largest component of administrative expenses during the year, surpassing key cost categories […]