The National Economic Council (NEC) has approved the refinancing of NNPC Limited's $3.3 billion oil-backed pre-export finance facility through a new $4.5 billion arrangement.

The National Economic Council has approved the refinancing of the $3.3billion Project Gazelle Pre-Export Finance Facility through a new $4.5billion facility named Project Gazelle…

The National Economic Council has approved the $4.5bn Project Gazelle 2 to refinance Nigeria's oil-backed loan, unlocking $3bn liquidity and strengthening

Deji Elumoye and Emmanuel Addeh in Abuja