Nigeria's NNPC seeks a $2bn oil-backed loan to boost finances and invest in business, amid doubled gasoline supplier debts.
Nigeria's NNPC seeks a new $2 billion oil-backed loan to boost finances and invest in its business, according to its chief executive Mele Kyari. The state-owned oil company is in talks for the loan, as its debts to gasoline suppliers have doubled to $6 billion in the past four months. The loan will help support production growth, and Kyari expects to finalize the deal in the next two months.
July 09, 2024
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