Nigeria's Project Gazelle oil-backed financing has been refinanced, reducing crude commitment and extending the repayment schedule to June 2030.

Deji Elumoye and Emmanuel Addeh in Abuja

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…