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% flat.

The Bank's risk bearing facilities i.e. short-term and medium-term Guarantees are priced as follows.

S/NO	Tenor	Fees	Management Fee	Maximum Guaranteed Amount %
1	Short Term Guarantee	Negotiable subject to a maximum of 1% of the Guarantee value for the first year and 0.5% on subsequent years on contingent liabilities	1% (One Off)	Up to 100%
2	Medium / Long Term Guarantee	Negotiable subject to a maximum of 1% of the Guarantee value for the first year and 0.5% on subsequent years on contingent liabilities	1% (One Off)	Up to 100%

The LOC's pricing is risk based which is linked to a 3 months/ 6 months SOFR reference rate plus a Concessionary Margin.

S/NO	Line of Credit (LOC)	Interest Rate	Facility Fee	Annual Mgt/Advisory Fee
1	EXIM Taiwan (Buyer Credit)	Six (6) month term SOFR + Concessionary Margin per annum	Nil	Negotiable
2	Saudi EXIM Bank	Up to 12 months: SOFR+ Concessionary Margins applied based on tenor of facility	Nil	Negotiable
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	Negotiable	Negotiable

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

Service	Fee
Renewals	Commission on applicable LC establishment
Extension	₦5,000
SWIFT charges	₦2,500

Service	Fee
Amendment of LC at instance of customer	₦5,000 per application
Pre-arrival Assessment Report (PAAR)	₦2,500 flat irrespective of payment mode

Note: These charges are net of all taxes.

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