Photos ⬇ As disclosed by the Nigerian National Petroleum Corporation (NNPC):
 |
| The Nigerian National Petroleum Corporation (NNPC) Ltd secure $3billion emergency cruds repayment loan from AFREXIM Bank |
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.
More photos ⬇
