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Crude Oil Early Repayment Facility: Afreximbank and UBA disburse USD 2.25 billion to Nigeria

16/01/2024
Categories: Raw materials

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Under a $3.3 billion oil-for-cash loan agreement, the Nigerian National Petroleum Company Limited (NNPCL) received an initial disbursement of $2.25 billion. This disbursement confirmed by the African Export-Import Bank (Afreximbank) in a press release was signed with the United Bank

for Africa (UBA).
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