NEXIM Bank Rates
i. Credit Facilities
|
S/N |
FACILITY TYPE |
MODE OF DISBURSEMENT |
INTEREST RATE BAND |
OTHER FEES |
|
1. |
Rediscounting & Refinancing Facility [RRF] |
Interbank |
9% |
- Admin fees – 1% on a yearly basis on all facilities with a tenor of more than 12 months. |
|
2. |
· Stocking Facility (SF) · Foreign Input Facility (FIF) · Local Input Facility (LIF) · Trade Finance Facility (TFF) · Women and Youth Export Development Facility (WAYEF) · Small and Medium Enterprises Export Facility (SMEEF) |
· 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
|
|
(MPR+ 2% when funded from the Bank’s existing funds) |
- Admin fees – 1% on a yearly basis on all facilities with a tenor of more than 12 months. - Admin fees shall also be applicable to all rollover, enhancement and restructuring requests. - Monitoring 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 |
ii. Guarantee Facilities
The Bank’s risk bearing facilities i.e. short-term 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% |
iii. Credit Facilities funded from foreign Lines of Credit [LOC]
The LOC’s pricing is risk based which is linked to a 3 months/ 6 months SOFR 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/ ADVISORY FEE |
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|
1. |
Exim Taiwan US$5.0mn (Buyer Credit) |
Six (6) month term SOFR +1.3% per annum |
Nil |
Nil |
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|
2. |
Saudi EXIM Bank US$10.0mn |
|
Nil |
Nil |
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|
3. |
Afrexim Nigeria Africa Trade and Investment Promotion Programme (NATIPP) |
In line with the operating guidelines, the pricing of the facility shall be determined by Afrexim and NEXIM at the prevailing cost of funds and on a case-by-case basis |
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iv. 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 N1million to N500milliom |
Maximum of 0.75% of face value |
|
For credits N501million to N1billion |
Maximum of 0.5% of face value |
|
For credits above N1billion (these charges are on the period of validity of the credit) |
Maximum of 0.25% 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 |