₦airaland Forum

finallybusy:
How much the Mohbad boy even get before he die? One song no dey bring money like that. Na only Portable I don see wey capitalize very well on single hit better cash. There is no way a man under twenty-nine years of age will pen a will. Nigerians on average never picture any thought of early death.

Daystar7:
Israel has been taking out Iran terrorist top shots in both Iran and all their annex/proxies. Get out of ur head kid, there's nothing in there

matify83:
I thought they will target Isreal directly instead of this soft target .

MikoB:
Great! The end to putin is near, I am sure he will be defeated before the end of the year 2024.

AlabiKILLER2023:
Kwotinu

Wallowing in perpetual ignorance

Xkonzult:
My happiness is dat a dime will not touch ur pocket and u will always keep opening ur maggot infested mouth to spill trash ....

lexy2014:
Are the negative things he said responsible for the negative things happening in Nigeria?

Why didn't you counter what he said with positive facts?

jmoore:
The refinery is not complete na. It can't produce pms for now.
Make una stop this propaganda. .

SoNature:
It's another cashout season for politicians while the hoi-poloi wait for them to fix a country they have damaged beyond repair.

The African Export-Import Bank and the United Bank for Africa have disbursed $2.25bn of the $3.3bn oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited.

In a statement from UBA over the weekend, an initial disbursement of $2.25bn has been made and a second tranche of $1.05bn is expected to be disbursed subsequently.

UBA, which is the Local Arranger and Onshore Account Bank for the transaction said that the five-year facility carries a margin of 6.0 per cent per annum above the three-month secured overnight financing rate.

The transaction structure has an embedded price balance mechanism where 90 per cent of all excess cash from the sale of the committed barrels (after debt service) will be released to the borrower, while the balance of 10 per cent will be used to repay the facility, effectively shortening the final maturity of the facility and freeing cash flow from future pledged cargoes for use by Nigeria.


Commenting on the successful financial close, Afreximbank President and Chairman of the Board of Directors, Professor Benedict Oramah, said, “This facility further demonstrates the Bank’s commitment to supporting African economies, when such assistance is most needed. Afreximbank stands by its member countries in good and difficult times. The disbursement of the initial $2.25bn under the facility will support Nigeria’s long-term economic stability, ease access to import financing for raw materials and essential goods, and support industrialisation and trade development efforts. We are pleased that despite the typical year-end pressures, our partners and investors committed the funds required in record time. We thank them for their support.”

The NNPCL Group Chief Executive Officer, Mele Kolo Kyari, said that the proceeds of the facility have been made available to the federal government as one of the strategies to improving macro-economic stability.

“The participation of global, international and regional syndication firms is a further testament to the lending market’s appetite for financing sponsored by NNPCL and signifies solid market confidence in Nigeria,” Kyari said.

epainos:
I've informed my secretary to send cash for your drugs since it is obvious you aren't taking them. The next bus stop is Yaba left again, so let us prevent that....you have been released once...don't allow yourself to be an intake again. Kindly drop your account details here.

epainos:
Dangote is now officially a Lagosian.

Very soon, he will be given a chieftaincy title in SW.

But the kind of messy corruption that will go on underneath this business.... Na small be the forex runs Eme-werey bursted out recently in comparison to what is going to happen.

omolola12345:
This is not the news Nigerians are expecting. Tell us the price then we can know if it calls for celebration or not. At least with this development we expect fuel price to go back to #200 or 100 naira per litre in Nigeria.

epainos:
Dangote is now officially a Lagosian.

Very soon, he will be given a chieftaincy title in SW.

But the kind of messy corruption that will go on underneath this business.... Na small be the forex runs Eme-werey bursted out recently in comparison to what is going to happen.

dickt1:
I can see that you are really ignorant about how those who control the world operate

tunwumi:
Can you tell us if the product delivered to Dangote is free?

vanbonattel:
Monopoly will ensure that he picks his selling cost and all you all can do is wail.

Anguldi:
Joker

Danabu:
Has Dangote reduced the price of Cement and made it affordable In Nigeria? He does not have the cmon man's interest at heart.

Armaggedon:
One of the reasons Lagos will soon become completely unliveable.

Evaloyal2J:
Its a such shame. They would milk the region dry and use the resources to develop the other side that brings nothing

TomCD:
All glory to God Almighty that work is in progress.

Pecoleee345:
Aviation fuel is kerosene, most homes don't use kerosene anymore but our planes need it.
The major reason why flights fee when ridiculously high was because of cost of importing aviation fuel, with it now available locally price will likely drop for local flights majorly.

Enemyofpeace:
they are planning to sell all the airports in Nigeria

Funkyswagzz:
How much did they invest?