Zenith Bank, under the leadership of Group Managing Director and Chief Executive Officer Dame Adaora Umeoji, has emerged as the leading financial institution in Nigeria’s export financing sector, accounting for 32.31 percent of all Non-Export Proceeds (NXP) transactions nationwide in 2025. The performance ranks the bank highest among 30 commercial banks operating in the country during the period.
Data from the Nigerian Export Promotion Council shows that Nigeria’s non-oil exports reached a record $6.1 billion in 2025, reflecting strong growth in diversification efforts and increasing global demand for locally produced goods and services. The rise in export earnings underscores ongoing initiatives to reduce reliance on oil revenues and strengthen non-oil sectors of the economy.
Zenith Bank’s dominant share of NXP transactions highlights its strategic support for exporters across agriculture, manufacturing, solid minerals, and other key sectors contributing to foreign exchange inflows. Industry stakeholders attribute the bank’s leadership position to its structured trade finance solutions, export facilitation services, and commitment to enabling cross-border commerce.
As economic diversification continues to gain momentum, financial institutions play a critical role in providing access to capital, risk mitigation tools, and trade advisory services for exporters. Zenith Bank’s performance in export financing positions it as a key partner in driving sustainable economic growth and expanding Nigeria’s presence in global trade markets.
The achievement reinforces the growing importance of strong banking support for non-oil export expansion and reflects broader progress in strengthening Nigeria’s trade competitiveness.
Post a Comment