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Africa

Nigeria’s NNPC Seeks $2 Billion Oil-Backed Loan to Strengthen Finances

Nigeria's state-backed oil company, the Nigerian National Petroleum Corporation, is negotiating another oil-backed loan to enhance its finances and support business investments, its chief executive told Reuters. The NNPC aims to raise at least $2 billion, according to sources familiar with the matter, as the company faces increasing economic pressure.

todayJuly 10, 2024 9

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