By Ndubuisi Francis
The federal government has commended the Nigeria Export-Import Bank (NEXIM) for enhancing its intra-African trade initiatives in readiness for the commencement of the African Continental Free Trade Agreement (AFCFTA).
It also applauded NEXIM for returning the bank to profitability as well as the reduction in non-performing loans.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, gave the commendation while inaugurating two newly-appointed Non-Executive Directors into the board of the Bank in Abuja on Friday.
According to her, the bank’s return to profitability and reduction in non-performing loans had impacted positively on its statutory mandate.
Sun Apr 04 2021
The recent shipment of 7,000 tons of cocoa to the United States of America by a private firm has excited farmers of the crop in the country.
For the past 14 years, this is the first time cocoa will be shipped for export through the Calabar Port.
Cocoa farmers described the shipment as memorable and historic.
The farmers, especially those in Cross River State, said the new development gave them hope, adding that the state, which is the second largest producer of cocoa in the country, will soon start contributing positively to the sector, and therefore, help in enhancing the fortunes of Nigeria’s economy through cocoa production.
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AFREXIMBANK, NEXIM to mobilise $50m support Nigeria s exports naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
The report that Nigeria exited recession with a growth of 0.11 percent in the fourth quarter of 2020 made the headlines in many Nigerian newspapers. On the country’s vaccine strategy, the approval of AstraZeneca COVID-19 vaccines by the National Agency for Food and Drug Administration and Control (NAFDAC) for use in Nigeria also made the headlines