Banking

NEXIM bank clarifies N50bn alleged fraud, says says money used for 62 projects, others

Reading Time: 2 minutes The Nigerian Export-Import Bank (NEXIM), on Tuesday clarified the alleged mismanagement of N50 billion Export Development Fund released by the Central Bank of Nigeria (CBN), saying that 62 projects were supported using the intervention. Mr Tayo Omidiji, Head of Strategy and Communications Department, NEXIM Bank, made the clarification in a statement issued in Abuja. Omidiji Read More…

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NEXIM bank does not fund political activities — management

Reading Time: 2 minutes PICTURE ABOVE CREDIT: NEXIM Bank The Nigerian Export-Import Bank (NEXIM), on Friday said that it does not fund political activities under any guise, but only grant loans to support export-oriented projects in the country. Ms Lohya Mamven, Corporate Communications Department, NEXIM Bank said this in a statement issued in Abuja. Mamven said that the explanation Read More…