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LN24 > Blog > foreign exchange reserves
04
Aug

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

  • LN24 / 1 month
  • 0
  • 3 min read

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 […]

08
Jul

Tanzania Builds Gold Reserves with 28-Tonne Purchase to Strengthen Economy and Currency

  • LN24 / 2 months
  • 0
  • 3 min read

Tanzania’s central bank has accumulated approximately 28 metric tonnes of gold over the past 18 months as part of an ambitious strategy to strengthen the country’s international reserves, stabilize the Tanzanian shilling, and enhance long-term financial resilience. The announcement was made by Bank of Tanzania Governor Emmanuel Tutuba during the 2026 African Caucus meeting of […]