Politics
Nigeria Seals $925m Loan Deal With Afreximbank Leveraging Oil Resources
Nigeria Seals $925m Loan Deal With Afreximbank Leveraging Oil Resources....KINDLY READ THE FULL STORY HERE▶
Afreximbank has announced an additional disbursement of $925 million for Nigeria’s crude oil-backed loan, part of a $3.3 billion facility managed by Nigerian National Petroleum Company Limited.
This brings the total funded amount to $3.175 billion under the Project Gazelle Funding Limited.
The disbursement, coordinated by Afreximbank, involved a consortium including Oando Group and Sahara Energy Resource Limited.
This funding aims to bolster Nigeria’s economic stability, long-term growth, industrialization, and trade development efforts, according to Afreximbank’s statement.
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