afreximbank

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    NNPC Secures N3 Billion Afreximbank Loan for FX Stabilization

    The Nigeria National Petroleum Company Ltd and Afreximbank have collaboratively executed a commitment letter and term sheet for an urgent $3 billion loan to repay crude oil obligations. This event occurred on Wednesday at the bank's Cairo headquarters in Egypt, as stated by NNPCL. The disclosure...
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    Afreximbank to assist Nigeria from $4 billion UKAFPA for fuel import, food sufficiency

    The African Export-Import Bank (Afreximbank) has concluded strategies to aid Nigeria in fuel importation and food sufficiency as there are ongoing dialogues to assist the country from the $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) launched last month...