• About Us
  • Terms & Conditions
  • Contact Us
Wednesday, May 31, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Fubara retains four commissioners under Wike’s govt

    Fubara retains four commissioners under Wike’s govt

    NNPC says no plan to increase petrol price in March

    Shettima, House of Reps, NNPCL back Tinubu’s removal of fuel subsidy

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Court upholds FG’s ‘No Work No Pay’ policy in suit against ASUU

    Davido says his performance at Alex Otti’s inauguration was for free

    Davido says his performance at Alex Otti’s inauguration was for free

    BREAKING: Russia suspends participation in last remaining nuclear treaty with U.S.

    Ukraine strikes Moscow with eight drones, Russia confirms

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI declined by 0.09% as ACCESSCORP falls 3.32%,

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank Directors acquired 17.78mn shares of the bank

    Caverton posts N566.05mn profit for Q1 2023

    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Fubara retains four commissioners under Wike’s govt

    Fubara retains four commissioners under Wike’s govt

    NNPC says no plan to increase petrol price in March

    Shettima, House of Reps, NNPCL back Tinubu’s removal of fuel subsidy

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Court upholds FG’s ‘No Work No Pay’ policy in suit against ASUU

    Davido says his performance at Alex Otti’s inauguration was for free

    Davido says his performance at Alex Otti’s inauguration was for free

    BREAKING: Russia suspends participation in last remaining nuclear treaty with U.S.

    Ukraine strikes Moscow with eight drones, Russia confirms

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI declined by 0.09% as ACCESSCORP falls 3.32%,

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank Directors acquired 17.78mn shares of the bank

    Caverton posts N566.05mn profit for Q1 2023

    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business Agriculture

Export, Agro-Processing to Get US$50m Mobilization from AFREXIM-EXIM COLLABO

Thursday, 25 March 2021, 2:06 pm
in Agriculture, Business, Industry, Technology
0
Export, Agro-Processing to Get US$50m Mobilization by AFREXIM-EXIM COLLABO
Share Share Share Share Send as Email

The Nigeria Investment Promotion Commission (NIPC) has said that a collaboration between the African Export-Import Bank (AFREXIM) and the Nigeria Export-Import Bank (NEXIM) will mobilize early project preparation financing to the tune of $50m through a Joint Project Preparation Fund. This joint venture will also provide technical assistance and mentorships.

Contained in a jointly signed MoU by the two impex banks is that the Joint Project Preparation Fund will create the environment for investments within the manufacturing, export, agro-processing, solid minerals, healthcare, ICT, creative industries sectors of the Nigerian economy.

NIPC said, “the Fund will assist the early development process of projects from concept stage to bankability by covering the preparation of feasibility studies, project development and advisory services and related costs.”

In his speech at the signing of the MoU, the President, AfreximBank, Prof. Benedict Oramah, said, “The execution of this Memorandum of Understanding marks yet another significant milestone in our collaboration with NEXIM.

“I am particularly pleased that Afreximbank and NEXIM are boldly venturing upstream to help investors develop well-structured projects that meet market standards.

“This intervention is timely as the Fund will play a catalytic role in accelerating the diversification of the Nigerian economy by ensuring a steady flow of bankable projects in priority tradable sectors in a timely manner.

“In addition to enhancing bankability, the Fund will, on a case-by-case basis, undertake feasibility studies to assess the viability of accessing markets in the sub-region, thereby promoting intra-African trade under the AfCFTA.”

Mr. Abubakar Abba Bello, Managing Director of NEXIM, in his appreciation of the partnership, said, “The Fund is designed to mitigate the project selection challenges, particularly amongst the SMEs, towards boosting their contribution to formal exports.

“This technical expertise will therefore enhance NEXIM’s implementation of its export development programme, especially with regards to the State Export Development and industrialization initiatives.

“This partnership strongly aligns with the NEXIM’s mandate and strategic plan and will no doubt facilitate its intervention towards attracting critical investments in trade enabling infrastructure and the promotion of value-added exports.”

The NIPC concluded that, “The Joint Project Preparation Fund constitutes a direct response to complement Nigeria’s initiatives to address the twin challenges of the COVID-19 pandemic and existing economic difficulties associated with the country’s dependence on crude oil revenues, which account for 50 per cent of consolidated government revenues, 30 per cent of banking sector credit and 90 per cent of export earnings.

The partnership aligns with Afreximbank’s broader mandate to develop, facilitate and accelerate intra-African trade.”

Azuka Edokobi
Azuka Edokobi

Azuka Edokobi is a Writer , a Farmer, a Supply Chain Expert and an Entrepreneur

Related Posts:

  • Julius Berger Nig Plc diversifies into Agro-processing
    Julius Berger Nig Plc diversifies into Agro-processing
  • SEC, NSE, AfDB Collabo Boosts Green Bond Development
    SEC, NSE, AfDB Collabo Boosts Green Bond Development
  • IITA, Harvest Field to Stop Rejection of Agro-Produce Exports
    IITA, Harvest Field to Stop Rejection of Agro-Produce…
  • Agro-Industrial giant Presco Plc reports N10.12bn profit in H1 2021
    Agro-Industrial giant Presco Plc reports N10.12bn profit in…
Previous Post

Stanbic IBTC Holdings Plc directors recommend N3.6 final dividend with share bonus

Next Post

Pioneer Status Incentive Gets NIPC, FIRS Joint Committee

Next Post
Pioneer Status Incentive Gets NIPC, FIRS Joint Committee

Pioneer Status Incentive Gets NIPC, FIRS Joint Committee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Breaking: NNPC releases statement on fuel price adjustment

Breaking: NNPC releases statement on fuel price adjustment

Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

4 conditions to obtain Nigeria’s Brown Card for citizenship

Breaking: NNPC releases statement on fuel price adjustment

Breaking: NNPC releases statement on fuel price adjustment

Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

Senate Amends ICPC Act – Writers of false petitions to get two years jail term

Senate Amends ICPC Act – Writers of false petitions to get two years jail term

Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

The NGX- ASI gained 5.22% on bullish performance

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist