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Afreximbank Shops For $3bn To Fulfill Agreement With NNPCL

The African Export-Import Bank (Afreximbank) is reportedly seeking to raise a huge chunk of the $3bn loan it agreed with the Nigerian National Petroleum

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AFREXIM Bank Struggles To Raise $3Billion Loan To Stabilise Nigeria s Naira, Shops For Funds In US, Singapore, India, Others To Fulfil Agreement With NNPCL

AFREXIM Bank is struggling to raise the $3 billion loan it agreed to provide to the Nigerian National Petroleum Company Ltd in August, according to an exclusive report by Empowered Newswire. The report noted that AFREXIM Bank is unable to raise the money as it is not a depositors' bank. In August, SaharaReporters reported that the NNPCL said it had secured an emergency $3 billion crude oil repayment loan to stabilise the Nigeria’s exchange rates.

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The G20 Under Indian Presidency: Achievements, Challenges, and Unmet Expectations

The G20 Under Indian Presidency: Achievements, Challenges, and Unmet Expectations
thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.

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RRSP Investors: 3 Worry-Free Blue-Chip Giants to Buy and Forget

RRSP Investors: 3 Worry-Free Blue-Chip Giants to Buy and Forget
fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.

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Massive $78 Billion Cash Flight Rocks American Banking System

In an attempt to combat surging inflation, the Federal Reserve has implemented its fastest interest rate hikes since the 80s. However, there are potential unintended consequences of swift economic changes raises concerns about severe side effects for banks.

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