NNPC Obtains Emergency $3bn Loan To Stabilize Exchange Rate Market
LAGOS AUGST 17TH (NEWSRANGERS)-Nigeria’s state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government’s reforms to stabilize the exchange rate market. A commitment letter and term sheet was signed on Wednesday for an emergency $3 billion crude oil repayment loan,…