Nigeria Secures $1 Billion Oil-Backed Loan to Boost Economy
- Nigeria to receive $1 billion oil-backed loan from African Export-Import Bank next month
- Loan part of larger $3.3 billion crude oil prepayment facility to boost economy
- Facility aims to shore up forex reserves amid struggles to boost oil production
- Loan to be repaid using proceeds from Nigerian National Petroleum Company's oil sales
- Facility seen as sign of solid market confidence in Nigeria
