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Nexim receives ECOWAS credit line

15 February 2010

The Economic Community of West African States has signed a credit line to the Nigerian Export Import Bank.

Read more: [Economic Community of West African States credit line] [Ecowas Bank for Investment and Development credit line] [Nigerian Export Import Bank]

The Economic Community of West African States (ECOWAS) has signed a $20 million credit line (N2.9 billion) to the Nigerian Export Import Bank (Nexim).

The loan facility aims to deepen export and import trade financing within the Africa region.

Ecowas Bank for Investment and Development (EBID) President, Christian Adovlandi, has explained that...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010