Nigeria is poised to receive USD 1.05 bln from a syndicated loan secured against oil, aiming to bolster the economy and enhance foreign currency availability on the local market. This loan, part of a USD 3.3 bln prepayment facility arranged by Afreximbank, will be repaid with crude cargoes from the National Petroleum Co. The loan saw two-thirds disbursed in January, with participation from banks and oil traders.