Nigeria approves $4.5bn refinancing of state-owned oil company

$4.5bn Oil-Backed Loan: Tinubu is weapon fashioned against Nigeria

By Omeiza Ajayi ABUJA: Former Vice President Atiku Abubakar has condemned the National Economic Council’s NEC approval of a $4.5 billion refinancing of the Nigerian National Petroleum Company NNPC Limited’s oil-backed loan, describing President Bola Tinubu as a weapon fashioned against Nigeria’s economy. In a statement issued by his Senior Special Assistant on Public Communication, […] The post $4.5bn Oil-Backed Loan: Tinubu is weapon fashioned …

Atiku: Under Tinubu, debt has become a policy

Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has condemned the approval by the National Economic Council (NEC) of a $4.5 billion refinancing of the Nigerian National Petroleum Company (NNPC) Limited’s oil-backed loan, describing it as further proof that the Tinubu administration has mortgaged Nigeria’s future to sustain its reckless fiscal habits. In a statement issued by his Senior Special Assistant on Public…

Nigeria approves $4.5bn refinancing of state-owned oil company

Nigeria has approved a new $4.5 billion loan to replace a 2023 loan of $3.3 billion.

Nigeria approves U.S.$4.5 billion refinancing deal backed by oil revenues – Axadle

A new $4.5 billion oil-backed financing facility for NNPC Limited has secured approval from the National Economic Council, paving the way to refinance an existing $3.3 billion pre-export loan and release an additional $3 billion in liquidity. The government said Project Gazelle 2 will bolster foreign reserves, ease pressure on NNPC’s cash flow and make […]

$4.5 Billion NNPC Loan: Tinubu Is The Weapon Fashioned Against Nigeria

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has condemned the National Economic Council’s approval of a $4.5 billion refinancing of... The post $4.5 Billion NNPC Loan: Tinubu Is The Weapon Fashioned Against Nigeria – Atiku appeared first on Naija News.

Just In: Atiku raises alarm over $4.5bn NNPC oil-backed loan deal, "Nigerians got renewed debt"

Atiku Abubakar condemns NEC's $4.5bn NNPC refinancing, linking it to Nigeria's future mortgage and demanding transparency on terms amid rising debt and hardship.