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Afreximbank makes first $2.25bn crude prepayment as Nigeria reels from macro pressures


Issue 498 - 17 Jan 2024 - By Jon Marks , Marc Howard | 4 minute read

Disbursement of the first tranche of Afreximbank’s $3.3bn crude-for-finance deal will help to ease Abuja’s immediate financial difficulties, as the Tinubu administration needs all the help it can get to alleviate a cost of living crisis that threatens to alienate the president’s support base and derail essential reforms.

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