Experts sound alarm over NNPC’s N11.18trn crude-backed loans, demand full Gazelle 2 disclosure
Financial experts have questioned the transparency of the Nigerian National Petroleum Company Limited’s (NNPC) N11.18 trillion crude-backed financing facilities, warning that the deals could mortgage future oil revenues, weaken Federation earnings and prolong Nigeria’s debt exposure. The concerns centre on three pre-export finance (PXF) facilities — Project Gazelle, Project Leopard and Project Leopard II — […]
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