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Financing agreement: Afreximbank grants $3 billion loan to NNPC Ltd

25/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The Nigerian National Petroleum Corporation Limited (NNPC Ltd) announced on Wednesday, August 23, that it had received $3 billion in financing from the African Export-Import Bank (Afreximbank) in the form of a loan.

Le financement accordé par Afreximbank to NNPC Ltd should help the É company Aimed to improve all the operations it manages throughout the local oil industry value chain. This is a monetary objective and should help the Nigerian government stabilize the local currency, amid increased fluctuations against major global currencies

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