Nigeria's Project Gazelle oil-backed financing has been refinanced, leading to a reduction in crude commitment and an extension of the repayment schedule until June 2030.

Nigeria's National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle to optimize costs and secure additional liquidity for strategic national priorities.

Nigeria's National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle, increasing the total to $4.5 billion. This move aims to optimize costs and unlock additional liquidity for the oil-backed loan.