Explainer: What you need to know about NNPC Ltd's $3 billion Emergency Crude Repayment Loan from Afrexim Bank
1. What is the $3 billion loan about?
The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank....
NNPC Secures $3bn Afreximbank’s Loan To Stabilise Naira
The Nigerian National Petroleum Corporation (NNPC) Limited said it had secured a $3 billion crude repayment loan to halt the further slump of Naira against the Dollar at the foreign exchange market.
The...
Nigerian Govt To Sell Stakes In NNPC, 19 Entities
The Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance in the entities.
This is according to a Bloomberg report. The Nigerian National Petroleum Corporation...
Five Banks Rake In N51.15bn From e-banking Charges
In spite of fierce rivalry within the financial sector, a total of N51.15 billion in electronic banking income was generated by five banks during the first half of the year.
This represents a...
How Pension Funds’ Investment In Equities Rose To N1.4trn In Q1, 2023
The Net Asset Value, NAV, of Pension Fund Administrators (PFAs) investments in equities has risen by 36.6 % to N1.460 trillion at the end of first half 2023,...
FG Eyes Capital Market To Achieve N100trn Assets Goal
The Ministry of Finance Incorporated, the investment vehicle of the Federal Government, has set its eyes on the capital market to raise funds as it seeks to meet its targets of...
