News
08 December 2025

NNPC repays portion of $3bn Afreximbank loan

In:
Oil & gas
Region:
Middle East & Africa

The Nigerian National Petroleum Company (NNPC) has repaid a portion of its $3 billion forward-sale loan from Afreximbank in 2024.The repayments, amounting to NGN991 billion in crude oil, were made under Project Gazelle, a forward crude oil supply agreement signed in 2023. The NNPC had originally...

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