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2 results for "refinancing"

GlobalFeatured

6.9

Nigeria approves $6B loan from UAE, UK for infrastructure and debt refinancing

Nigeria's National Assembly has approved President Tinubu's $6 billion external loan request, with funding from the UAE and UK designated for budget implementation, infrastructure, and refinancing high-cost domestic/external debt. The approval occurs concurrent with a 2026 budget revision to 68.30 trillion naira ($49.38 billion), representing upward adjustment from December 2025 submission. The move reflects Nigeria's continued reliance on external financing amid fiscal pressures and existing debt servicing burdens.

Africa Intelligence TG·NG · AE · GB·about 6 hours ago

Corroborating

#external-financing #sovereign-debt #budget-deficit #infrastructure #fiscal-policy

EnergyFeatured

6.9

Afreximbank Underwrites $2.5B Term Loan for Dangote Petroleum Refinery

The African Export-Import Bank has underwritten a $2.5 billion five-year term loan for Nigeria's Dangote Petroleum Refinery, jointly arranged with Access Bank, to refinance and optimize the facility's capital structure. The 650,000 barrels-per-day refinery is Africa's largest, and this transaction represents Afreximbank's largest single share in current syndication. This financing consolidates approximately $15 billion provided to Dangote Group since 2015.

Africa Intelligence TG·NG · EG·about 6 hours ago

Corroborating

#energy infrastructure #petroleum refining #african finance #dangote group #refinancing