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. This is not a crude-for-refined...

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 company disclosed this on Wednesday...

Afreximbank Boss To Speak On Economic Growth   The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The...

SEC Pegs Amount To Be Raised From Digital Currency Offers At N10bn   The Securities and Exchange Commission (SEC) has pegged the maximum amount to be raised from Digital Assets Offering within 12 months at N10 billion. The limit is contained in the Commission’s New Rules on...

Afreximbank, Firm Sign $2bn Deal For Nigeria’s Floating LNG     UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a Memorandum of Understanding to raise $2bn for the development of Nigeria’s first floating liquefied natural gas project. A statement issued in...

Afreximbank Signs $350m Facility For OCP Nigerian, Others Expansion       The African Export-Import Bank has announced the signing of a seven-year $350m Term Loan Facility to provide financing to OCP Group of Morocco. The bank made the announcement in a statement it issued in Cairo, Egypt on...