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Afrexim Bank has announced the disbursement of $925 million- another tranche of the $3.3 billion crude oil-backed loan agreement it entered into with the NNPC last year.The bank disclosed this in a statement on its website stating that the current disbursement brings the total payment for the facility to $3.175 billion. The bank explained that the current payment was raised from crude oil off-takers like Oando Group and Sahara Energy as well as others. |
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