Afreximbank to aid Arik Air

President of the African Export-Import Bank (Afreximbank), Benedict Oramah, has confirmed that the bank is collaborating with Nigerian flag carrier airline, Arik, to promote intra-Africa trade. Oramah has not disclosed how much the bank has injected into the airline but it is understood that Arik is benefitting from substantial Afreximbank funding, rumoured to be up to $200 million.