Nigeria to Receive $1.05bn Second Tranche Oil Loan from Afreximbank in May

By Adedapo Adesanya Nigeria will receive the $1.05 billion second tranche of the $3.3 billion crude repayment loan from the African Export-Import Bank (Afreximbank) in May. The loan backed by oil is part of efforts to revive the Nigerian economy and boost the supply of the Naira in the FX market. The first disbursement of… Continue reading Nigeria to Receive $1.05bn Second Tranche Oil Loan from Afreximbank in May