This is old news...as far back as 4-5 years, I believe.

@Boldbrainz, you missed out Uganda. It has the highest gold deposits based on recent discovery.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.mining-technology.com/features/uganda-gold-deposit-investment/%23:~:text%3DIn%2520July%2520the%2520Ugandan%2520Government,approximate%2520value%2520of%2520%252412.8tn.&ved=2ahUKEwjF68PVxd6BAxVJUUEAHRhBBdcQFnoECBAQBQ&usg=AOvVaw2V5SVvjs22oyVAmW0d_Jaj

The agreement between the Nigeria National Petroleum Company Ltd (NNPCL) and Afreximbank for a $3 billion crude oil repayment loan has several implications:

1. Financial Support: The loan provides immediate financial support to the NNPC Ltd and indirectly to the Nigerian government. It will help them address fiscal and monetary challenges by providing liquidity to stabilize the exchange rate market. This infusion of funds can assist in meeting immediate financial obligations and boosting the country's economic stability.

2. Exchange Rate Stability: The loan aims to stabilize the exchange rate market, indicating the commitment of both institutions to address currency volatility. A stable exchange rate is crucial for attracting foreign investment, promoting trade, and maintaining macroeconomic stability.

3. Economic Reforms: The agreement suggests that the Nigerian government is actively pursuing fiscal and monetary policy reforms. By seeking external financial support, they aim to implement necessary economic reforms to improve the overall economic climate, attract investors, and foster sustainable economic growth.

4. Confidence Boost: The partnership with Afreximbank signals international confidence in the Nigerian economy and its ability to implement reforms. It demonstrates that the country's efforts to address economic challenges are recognized and supported by reputable financial institutions.

5. Repayment Obligations: The loan agreement implies that the NNPCL has committed to repayment terms. This means that the funds received from Afreximbank will need to be repaid in the future, including any specified interest or fees. The exact terms of repayment will vary based on the termsheet and negotiation between the parties involved.

It's important to note that these implications are based on the provided information and general understanding of such agreements. For a more comprehensive analysis, additional details of the agreement would be required.