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NNPCL’s Fresh $925m Inflow Brings Rare Stability As Naira Gains N15 Against Dollar

The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward...

Business

Afreximbank’s $1.5bn Fresh Investment In Bahamas Will Strengthen Trade Between Africa, The Caribbean – Oramah

The African Export-Import Bank has said that trade between Africa and the Caribbean will significantly reduce the continent’s debt profile.The President of the bank,...

Business

Oil-for-cash-deal: Afreximbank to release $1bn balance to Nigerian govt in May

African Import Export Bank (AFREXIM Bank) is set to release the sum of $1.05bn to the federal government of Nigeria in May 2024.This is...

Business

Businesses To Get Cheap Funds As Afreximbank’s $800m FEDA Targets Nigeria Before Year End— Oramah

The President of Afreximbank and Chairman of the Board of the Fund for Export Development in Africa (FEDA), Professor Benedict Oramah has said that...

Business

Mele Kyari’s NNPC Strategies: A Potential Saviour For The Naira?

On January 25 this year during the uveiling of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report, the Governor of the Central...

Business

How NNPC Ltd’s $3.3bn Crude Oil Pre-payment Loan From Afreximbank Will Benefit Nigeria

There has been a lot of interest from the public and stakeholders in recent weeks regarding the $3.3bn crude oil pre-payment loan, also known...

Business

Oando, Afreximbank sign $800m deal

Oando Plc has signed a $800m deal with the African Export and Import Bank (AFREXIM) at the ongoing Intra-African Trade Fair in Cairo, Egypt...

Business

Afreximbank Sign Pact With Innovative Biotech To Manufacture HIV, Typhoid, Other Vaccines In Nigeria

Innovative Biotech Limited, located in Keffi, Nasarawa State, Nigeria, and the African Export Import Bank have concluded plans to begin manufacturing of a range...

News

Afreximbank approaches oil traders to finance $3bn loan to NNPC – Report

The loan is key to the country’s efforts to support the naira.On August 16, 2023, the NNPC secured a $3 billion emergency crude repayment...

Business

Afreximbank Earmarks $41bn To Finance Local Vehicle Manufacturers, Support Intra-African Trade

The African Export-Import Bank (Afreximbank) has earmarked $1bn to fund local vehicle manufacturers in the continent.The bank has also doubled its financing for intra-African...

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