Brass River In 2005 the Nigerian Agip Oil Company (NAOC) was producing oil from 146 wells, and operated an export terminal at Brass River. Brass River Crude Oil is a sweet medium light crude. In the 17th and 18th centuries the Portuguese controlled the Brass River, which was closed to British traders and was an outlet for shipping slaves to the Americas. The town of Brass was inaccessible, reached only via the creeks. After 1807 the British began trying to suppress the slave trade. Don Pablo Frexas, in alliance with the chiefs of Brass and Bonny, was the main organizer of the
Nigerian Export-Import Bank Nigerian Export-Import Bank The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. The bank was established by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation. It provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa. In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria's non-oil exports. Bashir Mahe Wali is the Acting. Managing Director/Chief Executive Officer of the Bank; he was appointed in February 2016