The Nigerian Export-Import Bank (NEXIM) has declared an operating profit of N30.47 billion for 2024, more than double the N13.75 billion recorded in the previous year. The bank also secured a Bbb+ rating from Agusto & Co., a leading credit rating agency, which said the grade reflected NEXIM’s satisfactory financial condition and strong capacity to meet obligations compared with other development finance institutions. Managing Director of the Bank, Mr. Abba Bello, said the performance was as a result of intensified interventions in the non-oil export sector. Bello further noted that the bank was driving initiatives such as the Regional Sealink Project, a public-private partnership aimed at improving maritime logistics across West and Central Africa. He added that NEXIM was developing tailored financing schemes for the mining sector, including contract mining, equipment leasing, and buyers’ credit, to unlock export potential and boost foreign exchange inflows.