Nigeria, Benin, Cameroon Move to Link Customs Data
By Oluwakemi Kindness Nigeria, Benin and Cameroon are developing a digital Customs data-sharing system to reduce border delays, eliminate duplication and facilitate cross-border trade. The Nigeria Customs Service (NCS) disclosed this in a statement on Sunday by its spokesperson, Abdullahi Maiwada, following discussions with the African Export-Import Bank (Afreximbank) and Customs authorities from the two […]
Nigeria, Benin, Cameroon Agree Border Reform Plan
By Oluwakemi Kindness Nigeria, Benin and Cameroon have agreed to establish a trilateral committee to drive coordinated border reforms aimed at boosting trade, security and regional integration under the African Continental Free Trade Area (AfCFTA). The agreement was reached after a five-day benchmarking mission to the Beitbridge Border Post between Zimbabwe and South Africa, where […]
Tinubu Urges Afreximbank to Drive Africa’s Industrial Revolution
By Mardiyyah Abubakar President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take the lead in accelerating Africa’s industrialisation by unlocking the continent’s vast human, financial and natural resources. The President made the call on Tuesday while receiving Afreximbank’s newly elected President and Chairman of the Board, George Elombi, at the State […]
Customs, Afreximbank Deepen Partnership on African Trade
By Oluwakemi Kindness The Nigeria Customs Service (NCS) and the African Export-Import Bank (Afreximbank) have reaffirmed their commitment to strengthening trade facilitation and accelerating the implementation of the African Continental Free Trade Area (AfCFTA) through deeper institutional collaboration. The renewed commitment was made during a working visit by the President and Chairman of the Board […]
Afreximbank: Dangote Refinery Helped Stabilise Naira
By Oluwakemi Kindness The President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), George Elombi, says the Dangote Petroleum Refinery has played a major role in stabilising the naira by reducing Nigeria’s reliance on imported petroleum products. Speaking at a Mid-Year Media Roundtable in Abuja on Wednesday, Elombi said the […]
Afreximbank Cuts Ties With Fitch Ratings
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has officially ended its credit rating relationship with Fitch Ratings. In a statement shared on its official X handle on Friday, the Bank says the decision followed a comprehensive review. It also notes that the current credit rating assessment no longer reflects a proper understanding of Afreximbank’s […]
JCR Reaffirms Afreximbank’s A- Credit Rating, Maintains Stable Outlook
By Oluwakemi Kindness The Japan Credit Rating Agency (JCR) has reaffirmed the African Export-Import Bank’s (Afreximbank) long-term issuer credit rating at A- with a stable outlook, underscoring the institution’s resilience and growing credibility in global financial markets. The decision reflects JCR’s confidence in Afreximbank’s solid capital base, strong strategic positioning, prudent liquidity policies, and effective […]
Turn Global Crisis to Opportunity, Afreximbank Tells Africa
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has called on African nations to seize the moment and transform global financial and geopolitical instability into a catalyst for continental self-reliance, industrialization, and reform. This is the core message from the African Trade Report 2025 and Economic outlook report launched at the Afreximbank Annual Meetings (AAM2025) […]