The Nigerian Export-Import Bank has agreed to a $1billion trade facilitation deal with the African Export-Import Bank for Nigeria and other West African countries.
The memorandum of understanding was signed at the Intra-African Trade Fair in Cairo, Egypt.
NEXIM Bank said the MoU would be implemented under the Nigeria-Africa Trade and Investment Promotion Programme to aid trade and investment flows between Nigeria and other African countries.
The agreement states AFREXIM will provide $1billion Line of Credit, to be given by NEXIM bank to worthy projects and transactions in support of intra-African trade and investments.
