Afreximbank proposed new transactions to improve FX

The ministry of finance says the African Export-Import Bank (Afreximbank) has proposed new transactions to help the federal government improve foreign exchange (FX) liquidity.

According to a statement on Friday by Mohammed Manga, the ministry’s director of press and public relations, the transactions were proposed during a meeting between Wale Edun, minister of finance and coordinating minister of the economy, and Okey Oramah, president of Afreximbank.

Manga said the meeting was held on the sidelines of the AfriCaribbean trade and investment forum during the 31st Afreximbank annual meetings in the Bahamas.

“Afreximbank reiterated its commitment to supporting the Nigerian government in a series of proposed transactions that will further improve foreign exchange liquidity and facilitate trade and investment opportunities in Nigeria,” Manga said.

He said the meeting highlighted the strong partnership between Nigeria and Afreximbank, demonstrating their shared dedication to driving economic growth and development in the region.

Below are pictures from the meeting.

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