Tag: Loan

Egypt’s Midor signs $1.2 billion loan agreement

Tue Feb 23, 2016/Reuters Egypt’s state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said on Tuesday. The loan represents around 80 percent of the cost of its $1.4 billion Alexandria refinery lab expansion, while the […]

Nigeria Approaches African Development Bank for $1 Billion Budget Support Loan

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria has approached the African Development Bank (AFDB) for Budget Support Loan of $1 billion, the Africa lender said on Tuesday. “During the High-Level Mission conducted by the Bank to Nigeria last week to strengthen the policy dialogue on how best the Bank can provide […]

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