NEC approves $4.5bn refinancing of $3.3bn oil-backed loan

The National Economic Council has approved the $4.5bn Project Gazelle 2 to refinance Nigeria’s oil-backed loan, unlocking $3bn liquidity and strengthening

The Briefing Africa

August 3, 2026 · 21:15 · 5 min read

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The National Economic Council has approved the $4.5bn Project Gazelle 2 to refinance Nigeria’s oil-backed loan, unlocking $3bn liquidity and strengthening

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NEC approves $4.5bn refinancing of $3.3bn oil-backed loan