Regulatory Alerts2016-06-14 | DFD/DIR/GEN/NEX/01/004Nigerian Export - Import Bank (NEXIM) Operating Guidelines For The Export Rediscounting & Refinancing Facility (RRF)
The Central Bank of Nigeria has expanded the Export Credit Rediscounting and Refinancing Facilities by N50 billion to support Deposit Money Banks in providing pre- and post-shipment finance to exporters. The Nigerian Export-Import Bank will implement the facility by issuing a N50 billion debenture to the Central Bank of Nigeria. The guidelines outline the operational modalities of the RRF, which aims to improve liquidity for banks and exporters' access to export credit.
Tags
advisory
fx
credit
monetary
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