By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Afreximbank Grants Nigeria Over $1bn Loan Backed by Oil
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Afreximbank Grants Nigeria Over $1bn Loan Backed by Oil

Business

Afreximbank Grants Nigeria Over $1bn Loan Backed by Oil

Tapre Timine
Tapre Timine
Published: June 10, 2025
Last updated: June 10, 2025
1 Min Read
Share
Tinubu Inaugurates National Economic Council
SHARE

Nigeria is due to receive a $1.05 billion loan from the African Export-Import Bank next month, which will be backed by oil.

According to reports, the loan is part of a larger prepayment facility worth $3.3 billion, which will also be used to purchase oil from Nigeria.

The above means that the bank will give Nigeria $3.3 billion in total for oil, and Nigeria will pay the bank back with the oil.

Furthermore, the bank has confirmed that Nigeria has enough oil to pay back the loan, so the bank will give the rest of the money to Nigeria next month.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The loan will help Nigeria’s economy and it will also help Nigeria get more of the money it needs to buy things from other countries.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:AfreximbankTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published.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

Latest Updates

Police Finally Uncover True Cause of Diogo Jota’s Fatal Crash | Daily Report Nigeria
Police Finally Uncover True Cause of Diogo Jota’s Fatal Crash
Sports
WARRI DELINEATION: Ogbe-Ijoh Demands More Wards, Threatens Shutdown of Oil Facilities
WARRI DELINEATION: Ogbe-Ijoh Demands More Wards, Threatens Shutdown of Oil Facilities
News
“If God Has Destined It, I’ll Marry Again” — Bukky Wright | Daily Report Nigeria
“If God Has Destined It, I’ll Marry Again” — Bukky Wright
Entertainment
Jack Dorsey Unveils Offline Messaging App, Bitchat | Daily Report Nigeria
Jack Dorsey Unveils Offline Messaging App, Bitchat
News
Champions League First Round Qualifiers Begin with 53 Teams in Action | Daily Report Nigeria
Champions League First Round Qualifiers Begin with 53 Teams in Action
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

2023: Sahara Reporters Publisher, Sowore Joins Presidential Race

June 14, 2025
Dangote Refinery Misses Production Date
BusinessNews

Dangote Refinery Commences Production of Diesel, Aviation Fuel

June 14, 2025
NAFDAC Seizes Petrol Tankers Used for Edible Oil Transport | Daily Report Nigeria
News

NAFDAC Seizes Petrol Tankers Used for Edible Oil Transport

June 15, 2025
NPC Demands Additional 225bn For 2023 Census
News

NPC Demands Additional 225bn For 2023 Census

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?