NEWS: NNPC Supports Dangote Refinery With $1 Billion Loan Backed by Crude Oil

NNPC Supports Dangote Refinery With $1 Billion Loan Backed by Crude Oil

The Nigerian National Petroleum Company Limited, said it obtained a $1 billion loan backed by crude oilThis was aimed at making it easier for the 650,000 barrels per day refinery come into serviceThe business also arranged the $3 billion Gazelle loan, a move to help stabilize the federation’s foreign exchange condition

Henzodaily.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Nigerian National Petroleum Company Limited has…

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