NEXIM Bank Rates

Credit facilities

S/N

FACILITY TYPE

MODE OF DISBURSEMENT

INTEREST RATE BAND

OTHER FEES

1.

Rediscounting & Refinancing Facility [RRF]

Interbank

All-in interest rate of 9%

Nil

2.

  1. Stocking Facility (SF)
  2. Foreign Input Facility (FIF)
  3. Local Input Facility (LIF)
  4. Trade Finance Facility (TFF)
  • Interbank
  • Direct lending

9% (when funded through CBN intervention funds i.e., Non-oil Export Stimulation Fund and the Export Development Fund)

Nil under the EDF and NESF

13.5% (i.e. MPR+ when funded from the Bank’s existing funds)

  • Admin fees – 1%
  • Montoring fees under the BanK’s existing funds and dependent on the travel cost to location of project
  • Legal Fees – dependent on the registration and perfection charges for collateral

Guarantee Facilities

The Bank’s non-funded facilities – Short- and Medium-Term Guarantees are priced as follows;

S/NO

LINE OF CREDIT [LOC]

Fees

Annual Management Fee

Maximum Guaranteed Amount%

1.

Short Term Guarantee

Up to a Maximum of 2% per Annum

1% per Annum

Up to 100%

2

Medium / Long Term Guarantee

Up to a Maximum of 2% per Annum

1% per Annum

Up to 75%

Foreign Input Facilities / Lines of Credit [LOC]

The LOC’s pricing is risk based which is linked to a 3 months/ 6 months LIBOR reference rate, with the following as the current rate to beneficiary clients per annum.

S/NO

LINE OF CREDIT[LOC]

INTEREST RATE

FACILITY FEE

ANNUAL MGT FEE

1.

AfDB

5.5% – 7% per Annum

Nil

Annual Management: 1% (Negotiable)

Advisory Fee: Negotiable, subject to a minimum of N5million.

2.

Exim Taiwan

4% – 4.5% per Annum

Nil

Annual Management: 1% (Negotiable)

Advisory Fee: Negotiable, subject to a minimum of N5million.

3.

Afreximbank

 7% – 8.5% per Annum

1% Flat upon disbursement

1% Annually and on Reducing Balance

Foreign Exchange Services – Commission/Charges

Form M:

Processing

N3,000

CBN e-Platform Maintenance Fee

N1,500

Amendment

Maximum of N5,000(Negotiable)

Revalidation/ Extensions

Maximum of N5,000(Negotiable)

LC Establishment Commission:

For credits up to 180 days

Maximum of 1% of face value

For credits up to 270 days

Maximum of 1.25% of face value

For credits up to 360 days (these charges are on the period of validity of the credit)

Maximum of 1.5% of face value

Renewal and Extension in the LC value:

Renewals

Commission on applicable LC establishment

Extensions

N5,000

Amendment of LC at the instance of the customer

N2,000 per application

Pre-Arrival Assessment Report (PAAR)

N2,500 flat irrespective of payment mode