Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited.
As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations.
Naira crash: Nigeria secures fresh $925 million loan politicsnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politicsnigeria.com Daily Mail and Mail on Sunday newspapers.
Bank BTPN, SMBC Drive Sustainable Growth with US$450 Million Syndicated Loan to IMGSL Bank BTPN and SMBC aim to support business sustainability in Indonesia through the.