nigeria finance

  1. Mortgaged Future: Why Nigeria's $3.3 Billion Oil-Backed Loan, Costing $12.8 Billion, Could Spell Trouble for Its Future

    Nigeria Mortgaged Future: Why Nigeria's $3.3 Billion Oil-Backed Loan, Costing $12.8 Billion, Could Spell Trouble for Its Future

    Nigeria's recent decision to secure a $3.3 billion loan from Afrexim Bank, collateralized by a massive 164.25 million barrels of crude oil, has sparked concerns about the long-term implications for the country's economy. This high-interest loan, bearing an 11.85% per annum rate, starkly...
Back
Top