NCDMB PORTAL

Plot 975 Cadastral Zone AO, Central Business District, Abuja

Phone: (+234) 9 4603630 – 9

Email: neximabj@neximbank.com.ng

NCDMB PORTAL reportgov.ng

Our Fees

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.
S/N Facility Type Mode of Disbursement Interest Rate Band Other Fees
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)
  • Admin fees – 1% on a yearly basis on all facilities with a tenor of more than 12 months.
  • Interbank
  • Direct lending
 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 - -

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
1 Exim Taiwan US$5.0mn
(Buyer Credit)		 Six (6) month term SOFR +1.3% per annum Nil Nil
2 Saudi EXIM Bank
US$10.0mn
Pricing Structure:
  • • Up to 12 months: SOFR+250bps
  • • 12-24 months: SOFR+300bps
  • • 24-60 months: SOFR+400bps
 Nil Nil
3 Afrexim NATIPP
(Nigeria Africa Trade and Investment Promotion Programme)		 Pricing determined by Afrexim and NEXIM at prevailing cost of funds on a case-by-case basis - -

iv. Foreign Exchange Services – Commission/Charges

Form M

Service Fee
Processing ₦3,000
CBN e-Platform Maintenance Fee ₦1,500
Amendment Max ₦5,000 (Negotiable)
Revalidation/Extensions Max ₦5,000 (Negotiable)

LC Establishment Commission

Credit Range Commission
N1 million to N500 million Maximum of 0.75% of face value
N501 million to N1 billion Maximum of 0.5% of face value
Above N1 billion
(charges are on the period of validity of the credit)		 Maximum of 0.25% of face value

Renewal and Extension in the LC Value

Service Fee
Renewals Commission on applicable LC establishment
Extensions N5,000

Other Services

Service Fee
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

Need More Information?

Contact our team for detailed information about our rates and fees.

Contact Us