• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

JUST-IN: NNPCL Secures $3bn AFREXIM Bank Facility To Ease Naira Demand Pressure

by Nse Anthony - Uko
2 years ago
in News
NNPCL
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian National Petroleum Company Limited (NNPCL) said it has secured a $3bn emergency loan from the African Export-Import Bank (Afrexim) to ease pressure on the Naira.

Advertisement

At an event held in Cairo, Egypt, both parties jointly signed a commitment letter and Termsheet for the emergency loan of $3billion.

This transaction will provide some immediate disbursement that will help NNPCL support the federal government in its ongoing fiscal and monetary policy reforms aimed at stabilising the exchange rate market.

The move is expected to boost foreign exchange liquidity into the country and will further drive down the exchange rate between the naira and the dollar.

This is the fourth transaction being consummated between NNPCL and AFREXIM Bank over the last 3 years and goes to further consolidate the mutual relationship between the two entities.

RELATED

FCT Police Warn Against Use Of Covered Plate Number, Tinted Glass

3 Suspected Fraudsters Arrested For Impersonating Security Personnel

2 hours ago

Viral Video: You’ll Get Justice, Police Assure Assaulted Teenager

2 hours ago
ADVERTISEMENT

Both Nigeria and NNPCL are shareholders in AFREXIM Bank, with sole purpose of enhancing investments and growing prosperity in Africa.
The agreement for the loan which was sealed on Wednesday in Cairo, saw the Group Chief Executive Officer of NNPC Ltd, Mallam signing for the National Oil Company while Dr George Elimbi, Executive Vice President Afreximbank signed for the bank.

The deal is coming about 17 months after the NNPCL secured a $5bn funding commitment from the African Export-Import Bank (Afreximbank) to finance major investments in Nigeria’s upstream sector.


Join Our WhatsApp Channel



Tags: Nigerian National Petroleum Company Limited (NNPCL)
SendShare10214Tweet6384Share
ADVERTISEMENT
Previous Post

JUST-IN: DSS Warns Of Impending Terrorist Attack On Abuja-Kaduna Train

Next Post

Ibom Air Excited As Akwa Ibom Gov Eno Boards Flight To Abuja

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

FCT Police Warn Against Use Of Covered Plate Number, Tinted Glass
News

3 Suspected Fraudsters Arrested For Impersonating Security Personnel

2025/09/05
News

Viral Video: You’ll Get Justice, Police Assure Assaulted Teenager

2025/09/05
Federal Govt Cracking Down On Mining Licence Hoarders, Fraudsters – MCO
News

Federal Govt Cracking Down On Mining Licence Hoarders, Fraudsters – MCO

2025/09/05
Kwara South Monarchs, Leaders Defend Tinubu On Appointments
News

Tinubu Administration Below Average On Security, Says Retired Officer

2025/09/05
Celebrating President Tinubu’s Remarkable Two Years In Office
News

Tap Into Tinubu’s Opportunities, Be Champions, Dare Tells Youths

2025/09/05
Too High A Price To Pay For Patriotism
News

Police Arrest 44 Suspects, Recover Ammunition, N2.7m Ransom

2025/09/05
Leadership Conference advertisement

LATEST

3 Suspected Fraudsters Arrested For Impersonating Security Personnel

Viral Video: You’ll Get Justice, Police Assure Assaulted Teenager

Federal Govt Cracking Down On Mining Licence Hoarders, Fraudsters – MCO

Tinubu Administration Below Average On Security, Says Retired Officer

Tap Into Tinubu’s Opportunities, Be Champions, Dare Tells Youths

Police Arrest 44 Suspects, Recover Ammunition, N2.7m Ransom

Italian Fashion Icon Giorgio Armani Dies At 91

Northern Govs Back Tinubu’s Renewed Push For State Police

State Police Is Overdue- Northern Elders

2027: Resurrecting Zoning Is Regressive– Olawepo-Hashim Support Groups

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.