The Nigerian National Petroleum Company Limited (NNPCL) has announced its intention to prepay future royalties and taxes to the Federal Government, utilizing the $3.3 billion financing it secured from the African Export-Import Bank (Afrexim) last year. The disclosure was made in a document titled ‘Frequently Asked Questions – Project Gazelle,’ released by Olufemi Soneye, the … Continue reading NNPCL Plans Royalties, Tax Prepayment from $3.3 Billion Afrexim Loan