Tag: Non-Oil Exporters

CBN, NEXIM approve release of N550b loan to non-oil exporters

Dec 10, 2017

—

by

Olaotan Falade

in Business News, Nigeria

The Central Bank of Nigeria (CBN) and Nigeria Export-Import Bank (NEXIM Bank) have approved the release of N550 billion loan to non-oil exporters. The loan will come at nine per cent interest rate and is expected to help the investors export more commodities, earn more foreign exchange from export proceeds and strengthen the economy. Central…