NNPC commits over 186,000 barrels daily to crude-backed debt under multi-trillion naira deals

KEY POINTS MAIN STORY The Nigerian National Petroleum Company Limited (NNPC Ltd) has committed more than 186,000 barrels per day of future crude production to debt repayment under three major financing arrangements. Details published in the company’s 2025 Audited Financial Statements reveal that these agreements—designated as Project Gazelle, Project Leopard, and Project Leopard II—were utilized … Continue reading NNPC commits over 186,000 barrels daily to crude-backed debt under multi-trillion naira deals