Afreximbank increases Nigeria's crude oil-backed prepayment facility by $925m, bringing the total to $3.175bn.
African Export-Import Bank (Afreximbank) announced an additional $925m disbursement under Nigeria's $3.3bn crude oil-backed prepayment facility, sponsored by NNPC Limited. This brings the total funded facility size to $3.175bn. The funding aims to support Nigeria's macroeconomic stability, long-term economic growth, industrialisation, and trade development efforts.
June 06, 2024
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