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NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity

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 US$4.5 billion facility, named Project Gazelle 2. The approval allows NNPC Limited to refinance the outstanding balance of...

Sade Ogunleye
BySADE OGUNLEYE-senior correspondent
Last Updated: 2026-08-04T00:42:00.727000
1 Min Read
NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity
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