Tag: Dollar to Crash Further as NNPC Secures Afreximbank $3bn Emergency Loan

  The Nigerian National Petroleum Company (NNPC) Limited and Africa Export-Import Bank (Afreximbank) have jointly signed a commitment letter and term sheet for an emergency $3 billion crude oil repayment loan. The signing, which took place on Wednesday, August 16, at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable…