People’s Gazette
The Nigerian National Petroleum Corporation (NNPC) has entered a five-year agreement worth $1.04 billion with the African Export-Import Bank (Afreximbank), to further promote local exploration of oil and gas in Nigeria and Africa.
In a statement made available to Peoples Gazette on Wednesday, Afreximbank said the agreement was signed at the ongoing Intra-African Trade Fair in Durban, South Africa, by Umor Ajia, NNPC Executive Director and Group Chief Executive Officer.
The bank explained that proceeds from the facility will boost tax revenue and foreign currency receipts adding that the deal will also create thousands of jobs in the oil and gas refining chain…
