NEC approves refinancing of NNPC’s $3.3bn Project Gazelle with new $4.5bn facility

Key points Main Story The National Economic Council (NEC) has approved the refinancing of NNPC Limited’s $3.3 billion Project Gazelle pre-export finance facility through a new $4.5 billion financing arrangement, aimed at improving the country’s financing structure and unlocking additional liquidity for the federation. The decision was reached during the 159th meeting of the National … Continue reading NEC approves refinancing of NNPC’s $3.3bn Project Gazelle with new $4.5bn facility