JUST In: Relief For The Naira As NNPCL 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 been Tuesday 16th August, 2023 at the bank’s headquarters in Cairo, Egypt.

This partnership they said 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.

…see attached to clear your doubt????