Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

NNPCL $3.3bn Loan to Cost Nigeria $12bn – Atiku Ex-vice president of the Federal Republic of Nigeria Alhaji Abubakar Atiku has asked President Bola Tinubu to explain in a plain terms why a $3.3 billion crude for loans with a 12% interest rate should translate to $12 billion in total repayment. In a Twitter post, the presidential aspirant said in what appears to be a landmark economic decision of the Tinubu-led administration, the Federal Government last year, precisely on August 16, 2023, through the Nigeria National Petroleum Company (NNPC) secured a $3.3 billion emergency crude repayment loan. The fund, according…

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