Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility
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LN24 / 4 weeks
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Government says restructuring will improve liquidity, reduce short-term repayment pressure, and support energy-sector reforms Nigeria’s federal government has approved the refinancing of a $4.5 billion oil-backed facility involving the Nigerian National Petroleum Company Limited (NNPC Ltd.), in a move aimed at easing near-term debt obligations and improving cash flow for the state-owned energy company. The […]