Country information

Nigeria

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EKF's cover policy towards Nigeria

Above-average payment risk EKF covers only the risks associated with business transactions in the country if the buyers meet a number of stringent requirements that limit EKF's risk liability. The payment risk may however be so high for certain types of business transactions that EKF does not wish to engage in them.

Political risk assessment - export

Credit periodCountry risk classification (0-7)Terms of cover
Up to 1 year4
Cover generally subject to ILC/bank guarantee
1-5 years5
Cover generally subject to ILC/bank guarantee
Sustainable lending
More than 5 years5
Cover generally subject to ILC/bank guarantee
Sustainable lending
Special guarantees4
Case-by-case decision

Political risk assessment - investments

Type of guaranteeCountry risk classification (0-5)Terms of cover
Guarantee for equity investments5
Case-by-case decision

Business climate

Challenging business climate The commercial framework conditions in the country are challenging or poor. There may be extensive problems with several aspects of the business climate and it may be difficult to conduct business in the country.

Further information about Nigeria

POPULATION AREA GDP PER CAPITA
170.123.740 923.768 km22.600 US$
General assumptions for EKF's risk assessments
Country list describes the country policy guidelines of Eksport Kredit Fonden at publishing date. The description is not binding for EKF regarding specific applications for export credit guarantees. Before the commitment in the light of this material, called the company, therefore, to obtain further advice from EKF.
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Kåre Stamer Andreasen

For more information on the country

Contact EKF’s country and bank analyst:
Kåre Stamer Andreasen
+45 35 46 26 86
ksa@ekf.dk
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