Business
FG Receives $2.25bn Afrexim Bank Loan
The Federal Government has received a $2.25b foreign exchange support facility from the African Import-Export Bank.
This was confirmed by Finance Minister Wale Edun to Arise TV, who stated that it is the first tranche of the bank’s $3.3 billion facility. He mentioned that the loan was intended to address the severe foreign exchange shortage that has hurt the economy.
Citymirror news online report indicates that the remaining $1.05 billion will be received during the first week of January.
According to Edun, efforts to address Nigeria’s economic problems have begun.
Recall that in order to stabilize the erratic foreign exchange market in the nation, the Nigerian National Petroleum Company Limited declared in August that it had obtained a $3 billion emergency loan from Afrexim Bank.
Three Killed, 15 Abducted In Fresh Kwara Church Attack
Saraki Ally, Oba Ajara Endorses Gbenga Hashim For President Ahead Of 2027
IBEDC, Ogun Govt Pledge Collaboration Towards Improved Electricity Supply
Presidential Hopeful, Gbenga Hashim Joins Accord Party, Declares Ambition To Transform Nigeria
Renewed Hope Ambassadors Laud Successful Conduct Of APC Presidential Primary In Osun
Eid-el-Kabir: NSCDC Deploys Tactical Personnel Across Ondo
-
News4 days agoLagos APC 2027: Why Many Stakeholders Believe Lagos Needs A Better Awori Man As Deputy Governorship Candidate
-
News5 days agoOsun 2026: Imole Civil Society Matters Campaign Committee Demands Neutrality From INEC, Security Agencies
-
News4 days ago2027: Tinubu Must Account For Hunger, Debt, Electricity Failure – Adebayo
-
News4 days agoOlawepo-Hashim Hails Court Verdict Voiding INEC’s 2027 Election Timetable