• About
  • Advertise
  • Contact
Wednesday, August 20, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

NNPCL Secures $3bln Loan To Stabilise Naira

Vital News by Vital News
August 16, 2023
in Economy
0
Share on FacebookShare on Twitter

 

The Nigerian National Petroleum Corporation Limited (NNPCL) has secured a $3 billion to stabilise the naira.

The Nigerian currency crashed to all-time low last week, reaching N950 at the parallel market.

But on Wednesday, the oil firm signed a commitment letter and term sheet with the Afrexim Bank for an emergency $3bn crude oil repayment loan.

According to a statement from the corporation, the deal was sealed at the bank’s headquarters in Cairo, Egypt.

RelatedStories

Ahead TICAD9 Summit, President Tinubu Arrives Japan

146 Nigerian Women Entrepreneurs To Access $50mln WTO Trade Grant

Capital Inflows Into Nigeria Up By 67.12% In Q1 2025

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

“The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Term sheet for an emergency $3 billion crude oil repayment loan.”
“The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market.”

(vitalnewsngr.com)

 

 

Tags: crisisforexkoannairaNNPCL
Previous Post

Kano Inaugurates Committee To Screen 10,800 Workers Employed By Ganduje

Next Post

Tinubu To Swear In New Ministers Monday, August 21

Vital News

Vital News

RelatedStories

Yelewata Masacre : President Tinubu To Visit Benue State June 18
Economy

Ahead TICAD9 Summit, President Tinubu Arrives Japan

August 18, 2025
146 Nigerian Women Entrepreneurs To Access $50mln WTO Trade Grant
Business

146 Nigerian Women Entrepreneurs To Access $50mln WTO Trade Grant

August 15, 2025
Capital Inflows Into Nigeria Up By 67.12% In Q1 2025
Economy

Capital Inflows Into Nigeria Up By 67.12% In Q1 2025

August 11, 2025
AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries
Agriculture/ Water/ Mineral

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

August 6, 2025
Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
Next Post
Tinubu To Swear In New Ministers Monday, August  21

Tinubu To Swear In New Ministers Monday, August 21

Troops Eliminate 3 Bandits In Zamfara, Recover Weapons

Military Confirms Killing Of 25 Soldiers In Niger Bandit Ambush

Lagos Man Arrested For Alleged Sexual Abuse Of Four Teenage Girls

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

23 States, FCT access N24.5b from Conditional Grant Schemes – SDGs boss

3 years ago
Ajay Banga is New World Bank President

Ajay Banga is New World Bank President

2 years ago

BREAKING : APC postpones national convention indefinitely

3 years ago
Revitalizing Roads : A Pledge and Progress For Yewa North’s Connectivity by Tayo Mabeweje

Ogun Considers Special Court To Try Cultists

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead

Explainer : How INEC Declares LP Candidate Serving Jail Term Winner Of Enugu Assembly Rerun Election

Ladoja To Be Install 44th Olubadan Sept. 26

PBAT Door-to-Door Movement Extends Condolences To APC National Chairman Over Mother’s Death

Ogun APC Suspends Senator Gbenga Daniel, Kunle Folarin Indefinitely For Anti-party

Lagos Loses Another Female Councillor, Zainab Shotayo, Second In One Week

Trending

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation
Education

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

by Vital News
August 20, 2025
0

The Federal Government has given Colleges of Education nationwide the go ahead to start offering both National...

Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

August 20, 2025
Tinubu Appoints Rotimi Pedro, Founder Of OSMI As New DG Of NTA

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

August 20, 2025
Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead

Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead

August 20, 2025
Explainer : How INEC Declares LP Candidate Serving Jail Term Winner Of Enugu Assembly Rerun Election

Explainer : How INEC Declares LP Candidate Serving Jail Term Winner Of Enugu Assembly Rerun Election

August 20, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation August 20, 2025
  • EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud August 20, 2025
  • Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors August 20, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In