Nigeria secures $1bn Afreximbank loans for Port Harcourt refinery’s repair

  Here is Mele Kyari’s account of real reason Nigeria preferred $1.5bn PH refinery repair to new refinery’s construction   African Export-Import Bank (Afreximbank),  as a reliable lender, has agreed to raise $1billion out of the $1.5 billion for the rehabilitation of the Port Harcourt refinery. Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, who disclosed this, described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry…

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