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Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank

August 16, 2023

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Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank

The NNPC Ltd. and @afreximbank have jointly signed a commitment letter and Termsheet for an emergency $3billion crude oil repayment loan.

The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market.

Relief For The Naira

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2 COMMENTS

Muhammd Alhassan muhd August 28, 2023 At 11:24 pm

Tnx

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Afreximbank Provides $3 Billion Loan to NNPC to Support Naira | 360hausa.Com August 31, 2023 At 2:50 pm

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Afreximbank Provides $3 Billion Loan to NNPC to Support Naira | 360hausa.Com on Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank

Muhammd Alhassan muhd on Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank