Africa Matters

NNPC Partners with Oando, ADNOC for $2bn Syndicated Loan to Boost Oil Output

Our Correspondent | Africa Guardian The Nigerian National Petroleum Company Limited (NNPC) is working to secure a $2 billion loan aimed at stabilizing its finances and investing in new oil infrastructure to increase crude oil production, according to reports by Africa Intelligence. The loan, named Project Leopard, is expected to be finalized soon, with the first $1 billion tranche…

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