Tuesday 23 July 2024
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- 13 days ago

NNPC Plans Fresh $2bn Crude-for-Cash Loan for Working Capital

By Modupe Gbadeyanka The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has revealed plans to source another $2 billion crude-for-cash loan to strengthen its working capital. According to Reuters, the state-owned oil agency intends to get the $2 billion loan and repay it with crude oil from the country, [ ]


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