
NNPC Secures $3 Billion Emergency Crude Oil Repayment Loan from AfreximBank
In a strategic move to address the economic challenges stemming from a decline in crude oil production and its resulting impact on revenues, the Nigerian National Petroleum Corporation (NNPC) Limited has announced a significant milestone. On Wednesday, the NNPC revealed that it had successfully signed a Commitment Letter and Term Sheet with the African Export-Import…