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NNPC Signs $1.04 Billion Facility Loan With AFREXIM

The Nigerian National Petroleum Corporation (NNPC) has signed a $1.04 billion facility loan deal with the African Export-Import Bank (Afrexim) for petroleum exploration in the country. The transaction comprises a Pre-Export/Shipment Finance Facility underpinned by a Forward Sale Agreement (FSA) and Offtake Contracts from the Nigerian National Petroleum Corporation acting …

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Netflix & UNESCO African Folktales Short Film Competition: Winners To Get $100k

Netflix and UNESCO Launch Short Film Competition of Reimagined African Folktales For only filmmakers under 35 years Netflix and UNESCO have partnered to launch an innovative short film competition on ‘African Folktales, Reimagined’ across Sub-Saharan Africa. Winners of the competition will be trained and mentored by industry professionals and provided …

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IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs

The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to completely remove fuel and electricity subsidies early next year. The Washington-based organisation, in its preliminary findings at the end of its official staff visit to the country under the Artile IV Mission, also called for reforms …

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