Nigerian NNPC Signs $3 Billion Deal to Boost Failing Naira

1 year ago 829

Nigerian state energy firm, the Nigerian National Petroleum Company (NNPC) has inked a strategic deal with Cairo-based Afreximbank to secure a $3 billion emergency loan to help stabilize the Naira. According to local media outlet Nigerian Tribune, this move follows the free fall of the Naira against the dollar.  Naira Devaluation Triggers Fuel Price Surge

The post Nigerian NNPC Signs $3 Billion Deal to Boost Failing Naira appeared first on CoinGape.

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