NNPC Secures $3b Emergency Crude Repayment Loan
The Nigerian National Petroleum Corporation, NNPC Limited, and Afreximbank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan to support the naira and stabilize the foreign exchange market NNPC in a statement on Wednesday says the loan was secured from the headquarters of the bank in Cairo, Egypt. The statement reads; “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment […]
