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    Kapital FM 92.9 The Station that Rocks!

Repayment

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National

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 […]

todayAugust 16, 2023 15

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