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Nigeria has approved a new $4.5 billion loan to replace a 2023 loan of $3.3 billion. <\/em><\/p>\n Nigeria’s National Economic Council (NEC) approved the refinancing of NNPC<\/a> Limited’s $3.3 billion oil-backed pre-export finance facility, with a new $4.5 billion arrangement aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.<\/p>\n The presidency said late on Monday that the new facility, dubbed “Project Gazelle 2”, will refinance approximately $1.5 billion outstanding…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> Nigeria has approved a new $4.5 billion loan to replace a 2023 loan of $3.3 billion. Nigeria’s National Economic Council (NEC) approved the refinancing of NNPC Limited’s $3.3 billion oil-backed pre-export finance facility, with a new $4.5 billion arrangement aimed at strengthening the country’s external reserves and freeing up funds for infrastructure. The presidency said […]<\/p>\n","protected":false},"author":10,"featured_media":188473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[249],"tags":[55062,258,256,8326,7156,257,4687,393,4221,55063,254,16865],"class_list":["post-240458","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria","tag-4-5bn","tag-africa","tag-africa-news","tag-approves","tag-company","tag-news","tag-nigeria","tag-nigeria-news","tag-oil","tag-refinancing","tag-south-africa-today","tag-stateowned"],"_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/240458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=240458"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/240458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/188473"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=240458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=240458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=240458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 West Africa Nigeria<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"