Business
NPoA Implementation; AUDA-NEPAD Boss assured Stakeholders participation
By Joel Ajayi
The National Coordinator and Chief Executive Officer AUDA-NEPAD Nigeria, Princess Gloria Akobundu fsi has assured Stakeholders at the 5 day Capacity building workshop on harmonization and finalization, monitoring and evaluation framework for the implementation of second National Programme of Action (NPoA) of their active participation in the implementation of the NPoA.
Akobundu gave the assurance in her closing remark at the end of the 5 Day workshop held in Abuja.
Akobundu described the NPoA as a National document and express satisfaction at the level of enthusiasm expressed by participants at the workshop.
She expressed optimism that the NPoA will stand the test of time having spent 5 days fine-tuning and improving the document for smooth implementation.
Akobundu thanked President Muhammadu Buhari for his unalloyed support. She equally thanked the Secretary to Government of the Federation and APRM Focal Person, Barr Boss Mustapha and all participants who have contributed to the success of the process.
On his part, the Continental CEO of Africa Peer Review Mechanism, Prof Eddy Maloka represented by Jean Yves Adou said the continental body is pleased with Nigeria on the way it has conducted it’s Review activities and also the workshop since it started five day ago.
He said with Nigeria been the first to be reviewed in West Africa and the Fourth in the Continent, Nigeria has once more played it’s leadership role in moving the African continent forward.
The Continental CEO appreciated President Muhammadu Buhari and Princess Gloria Akobundu fsi for thier giant stride in ensuring that Nigeria is reviewed for the second time and he urged participants and Nigerians to take ownership of the NPoA for a greater result.
The 5 day workshop which had in attendance participants drawn from the 36 states of the Federation and FCT as well as people from MDAs, Corporate Organization, Civil Society Organization and the Organized Private Sectors.
The workshop also gave opportunity to representatives of Ghana, Egypt, Uganda and Kenya to share their experiences with participants as members of the National Governing Council Members, Technical Research Institutes and the academia were all present.
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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