Afreximbank Disburses $2.25bn Syndicated Crude Oil Facility Under NNPCL Sponsorship
By Tony Obiechina, Abuja Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. The Facility will enhance Nigeria’s macroeconomic stability and long-term economic growth, while enabling access to raw materials and trade development efforts. Raising such a significant