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GOVERNMENT OF BARBADOS AND AFREXIMBANK SIGNS AND MOU TO EXPAQND TRADE

African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding to expand trade and investment links between Africa and the Caribbean island state. Under the MoU, the two parties will explore opportunities for joint investment and trade finance aimed at expanding economic ties between Africa …

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AFREXIM BANK PRESIDENT RE-ELECTED TO EXCOM OF FCI FOR THE THIRD TIME

The President and Chairman of the Board of African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been re-elected to the Executive Committee (EXCOM) of FCI, the global representative body for the factoring, invoice financing, and asset-based lending industry. Professor Oramah was unanimously elected at FCI’s 53rd Annual Meeting on 24 …

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BPE PLEDGES COMMITMENT TO ENSURE HEALTHY COMPETITION AMONGST PUBLIC ENTREPRISES IN THE COUNTRY

Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has pledged the Bureau’s commitment to ensuring healthy competition among investors in Public Enterprises in the country while simultaneously protecting the rights of the consumers. Mr. Okoh made this known when the Management team of the Federal Competition …

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SUPREME COURT ADDRESSES FINANCIAL AUTONOMY SUMMON BY 36 GOVERNORS IN THE COUNTRY

The Supreme Court will today hear the originating summons by the governors of the 36 states challenging Executive Order 10 on the financial autonomy of the judiciary and legislature, signed by President Muhammadu Buhari last year. The 36 state governments had insisted that the president cannot direct the states on …

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AHMED IDRIS UNVEILS PLANS BY FG TO DEAL WITH CRITICAL ROLE PLAYERS IN IPPIS

Accountant General of the Federation (A. G. F) Mr. Ahmed Idris has unveiled plans by the Federal Government to deal decisively with Role players in the Integrated Payroll and Personnel Information System ( IPPIS) involved in Infraction across the country. The A.G.F at the final phase of the Nationwide Training …

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AFREXIMBANK OPENS CENTRAL OFFICE IN YAOUNDE, CAMEROON

African Export-Import Bank has launched its Central Africa Regional Office in Yaoundé, Cameroon. The new office covers the Economic Community of Central African States (ECCAS), composed of Cameroon, the Central Africa Republic, Chad, Congo, the Democratic Republic of Congo, Equatorial Guinea and Gabon. The establishment of the Central Africa Regional …

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AFREXIMBANK COMMITS 500 MILLIOIN DOLLARS TO SUPPORT ETHIOPIAN COMMERCIAL BANK

The African Export-Import Bank (Afreximbank) commits to provide US$500 Million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Programme, which incorporates various products devised to increase intra-extra African trade volumes, diversify the character of this trade, and assure the confidence of trade partners in the settlement of …

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COMMERCIALISATION OF TWELVE RIVER BASIN DEVELOPMENT AUTHORITIES (RBDAs) TO ATTRACT PRIVATE SECTOR FUNDS FOR REVITALIZATION

  The Minister of Water Resources, Engr. Suleiman Adamu says the partial commercialisation of twelve River Basin Development Authorities (RBDAs) in Nigeria by the Federal Government is to attract private sector funds for their revitalization t‏o ensure effective and efficient service delivery as the RBDAs are strategic players in the …

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BPE INTER AGENCY COMMITTEES ON RESUSCITATION SUBMIT REPORTS

The Federal Government’s four inter agency committees on the resuscitation of ailing/ non- performing privatised enterprises in the country have submitted their reports with the Director General of the Bureau of Public Enterprises (BPE).   Receiving the reports of the committees at the Bureau’s corporate office in Abuja, Mr Alex …

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NEW BOARD TAKES OVER NICON INSURANCE

The new Board of the National Insurance Corporation of Nigeria (NICON) Insurance formally took over the reins of power with its maiden Board Meeting at the Corporation’s head office in Abuja amidst tight security. Addressing a handful of NICON’s management staff, led by the Deputy General Manager (DGM), Corporate Advocacy, …

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