loan repayment
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Nigeria NNPC Repays $625 Million of Dangote Refinery Loan, Stake Plummets to 7.2%
NNPC has repaid 60% of the $1.03 billion loan for its stake in Dangote Petroleum Refinery, amounting to $625 million. The stake has been reduced from 20% to 7.2% due to unpaid balances. The company plans to redirect investments toward compressed natural gas (CNG). The Nigerian National...- Nigeria News
- Article
- 2 min read
- dangote petroleum refinery loan repayment nnpc
- Category: Business
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Nigeria Central Bank of Nigeria CBN Intervention Funds Loan Repayment
An exclusive report reveals insights into the Central Bank of Nigeria's (CBN) N10.3 trillion Intervention Funds Programme, shedding light on the complexities and challenges faced. With a repayment rate of 75.8%, the program has garnered attention, especially as N193 billion in loans has been...- Nigeria News
- Article
- 1 min read
- cbn intervention funds central bank of nigeria loan repayment
- Category: Business
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Nigeria Mortgaged Future: Why Nigeria's $3.3 Billion Oil-Backed Loan, Costing $12.8 Billion, Could Spell Trouble for Its Future
Nigeria's recent decision to secure a $3.3 billion loan from Afrexim Bank, collateralized by a massive 164.25 million barrels of crude oil, has sparked concerns about the long-term implications for the country's economy. This high-interest loan, bearing an 11.85% per annum rate, starkly...- Nigeria News
- Article
- 2 min read
- afrexim-nnpc deal loan repayment nigeria finance nnpc oil pledge
- Category: Business
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