{"id":11973,"date":"2026-11-07T17:15:47","date_gmt":"2026-11-07T17:15:47","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/07\/nexim-secures-30m-afreximbank-facility-to-boost-sme-exports-businessday-ng\/"},"modified":"2026-11-07T17:15:47","modified_gmt":"2026-11-07T17:15:47","slug":"nexim-secures-30m-afreximbank-facility-to-boost-sme-exports-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/07\/nexim-secures-30m-afreximbank-facility-to-boost-sme-exports-businessday-ng\/","title":{"rendered":"NEXIM secures $30m Afreximbank facility to boost SME exports – Businessday NG"},"content":{"rendered":"

The Nigeria Export-Import Bank (NEXIM) has secured a $30 million financing facility from the African Export-Import Bank (Afreximbank) to expand access to credit for small and medium-sized enterprises (SMEs) engaged in export activities.\n<\/p>\n

The facility is expected to support businesses in manufacturing, commodity processing, intra-African trade and value-added production, as Nigeria seeks to diversify its export base and strengthen its participation in continental trade.\n<\/p>\n

According to a statement by NEXIM\u2019s Corporate Communications Department, the financing agreement was formalized at a signing ceremony during the opening of the 2026 Creative Africa Nexus Weekend (CANEX WKND) in Lagos on Thursday.<\/p>\n

The $30 million facility comprises a $20 million revolving working capital facility and a $10 million medium-to-long-term loan.\n<\/p>\n

The working capital component is expected to provide businesses with funding for day-to-day operations, while the longer-term financing will support investment and expansion in export-oriented enterprises.\n<\/p>\n

\u201cThe facility aims to support businesses in export, intra-African trade, manufacturing, commodity processing, and value-added production, while strengthening Nigeria\u2019s role in continental trade under the African Continental Free Trade Area (AfCFTA).
The financing package comprises two tranches: $20 million revolving working capital facility, and $10 million medium-to-long-term term loan facility ,\u201d the statement read.\n<\/p>\n

NEXIM described the approval as a significant milestone that reinforces confidence in Nigeria\u2019s export financing ecosystem and its role in supporting the Federal Government\u2019s export diversification agenda.\n<\/p>\n

The bank said the funding would help stimulate industrial production, increase export capacity and create employment opportunities across strategic sectors of the economy.<\/p>\n

Beyond financing, beneficiary businesses are expected to receive capacity-building support, export-readiness programmes and access to Afreximbank\u2019s trade facilitation platforms, including MANSA, TRADAR Club and the Pan-African Payment and Settlement System (PAPSS).\n<\/p>\n

These platforms are designed to improve market access, facilitate cross-border payments and strengthen the participation of African businesses in regional and continental trade.\n<\/p>\n

The facility also aligns with efforts to expand non-oil exports, improve the competitiveness of Nigerian SMEs, deepen industrialization and increase foreign exchange earnings.\n<\/p>\n

NEXIM is Nigeria\u2019s export credit agency, mandated to promote diversification of the country\u2019s export base through financing, guarantees, insurance and advisory services for export-oriented businesses.<\/p>\n

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Source: <\/p>\n

Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigeria Export-Import Bank (NEXIM) has secured a $30 million financing facility from the African Export-Import Bank (Afreximbank) to expand access to credit for small and medium-sized enterprises (SMEs) engaged… <\/p>\n","protected":false},"author":1,"featured_media":11974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/11973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=11973"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/11973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/11974"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=11973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=11973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=11973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}