Nigerian NEC Approves Refinancing of Project Gazelle
Nigeria's National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle, increasing the total to $4.5 billion. This move aims to optimize costs and unlock additional liquidity for the oil-backed loan.
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NEC approves $4.5bn refinancing of $3.3bn oil-backed loan
The National Economic Council has approved the $4.5bn Project Gazelle 2 to refinance Nigeria’s oil-backed loan, unlocking $3bn liquidity and strengthening Read More: https://punchng.com/nec-approves-4-5bn-refinancing-of-3-3bn-oil-backed-loan/
By Punch Newspapers
Read full article →NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity
By Johnbosco Agbakwuru ABUJA — THE National Economic Council, NEC, has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new US$4.5 billion facility, named Project Gazelle 2. The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an […] The post NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity appeared f...
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