Business
Nigerian-Italy Investment Summit moves to Italy with Rome Business Forum, Aims to Attract Foreign Investment
Giant Gee Nigeria Ltd with its institutional partners is set to host the Rome Business Forum from November 12th to 13th, 2025, in Rome, Italy. The forum, themed “Sustainable Growth Strategies Beyond Boundaries,” aims to deepen bilateral partnerships, showcase Nigeria’s potential, and attract targeted investments into priority sectors of the Nigerian economy.
This much was disclosed by the chief organizer of the event, Ambassador Augustine Chigbolu who is the Managing Director of Giant Gee Nigeria Ltd while speaking with our correspondent in Abuja.
He noted that the event is a follow-up to the successful Nigeria-Italy Investment Summit held in Abuja in May 2025. The Rome Business Forum will focus on high-growth sectors such as agriculture, information technology, fashion, and clean energy, with a view to promoting investment opportunities and partnerships between Nigeria and Italy.
The forum will also feature discussions on cybersecurity, private guard surveillance, kidnapping response, and legal management of security matters, among other targeted areas. Experts from relevant government and private agencies are expected to engage with their counterparts on these issues.
The event is expected to boost foreign direct investment, foster job creation, enable technology transfer, and enhance industrial competitiveness in Nigeria. It will also promote the visibility of Nigeria’s business environment in Europe and reinforce the country’s Economic Diplomacy agenda.
The Rome Business Forum 2025 presents a significant opportunity for Nigeria to attract sustainable foreign direct investment and deepen commercial ties with Italy and Europe.
Away from the business summit, Ambassador Augustine Chigbolu who also doubled as the 1st vice president of the Nigeria Archery Federation also briefed our correspondent about the upcoming programs of the Federation revealing that they are currently preparing to participate at the forthcoming International African Archery Championship scheduled to hold in Abidjan, capital city of Cote D’Ivoire.
“Our Federation has been working behind the scenes to prepare our Archers to enable them participate at major International championships and we consider this Abidjan championship as a very good opportunity for them,” Ambassador Chigbolu stated.
Business
NEXIM Bank Secures Bbb+ Rating from Agusto & Co., Declares ₦30.47 Billion Operating Profit
By Joel Ajayi
The Nigerian Export-Import Bank (NEXIM) has been assigned a Bbb+ rating by leading credit rating agency Agusto & Co. Limited, affirming its satisfactory financial condition and strong capacity to meet obligations relative to other development finance institutions (DFIs) in Nigeria.
For the year ended 2024, NEXIM Bank reported an operating profit of ₦30.47 billion, more than double the ₦13.75 billion recorded in the previous year. This remarkable growth underscores the Bank’s financial resilience and operational efficiency.
Established to promote Nigeria’s non-oil exports and support import-substituting businesses, NEXIM is fully owned by the Federal Government of Nigeria through equal shareholding by the Central Bank of Nigeria (CBN) and the Ministry of Finance Incorporated (MOFI).
The Bank has sustained strong liquidity and capital adequacy ratios, alongside notable growth in its loan book and equity investments. Key sectors supported include manufacturing, agriculture, solid minerals, and services.
According to Managing Director, Mr. Abba Bello, NEXIM has intensified its intervention in the non-oil export sector, disbursing over ₦495 billion and facilitating the creation and sustenance of more than 36,000 direct and indirect jobs.
Among the Bank’s key initiatives are:The Regional Sealink Project: A public-private partnership designed to improve maritime logistics across West and Central Africa. Promotion of Factoring Services: Offering alternative export financing solutions for SMEs. And Joint Project Preparation Fund (JPPF): Implemented in partnership with Afreximbank to enhance the bankability of export projects.
Additionally, NEXIM is developing tailored financing schemes for the mining sector, including Contract Mining, Equipment Leasing, and Buyers’ Credit/ECA Financing, aimed at unlocking export potential and boosting foreign exchange earnings.
With its renewed drive, NEXIM Bank remains committed to building local processing capacity, advancing Nigeria’s competitiveness in global trade, and strengthening non-oil export revenues by moving up the commodity value chain.
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