The Nigerian National Petroleum Company Limited (NNPC Ltd) on Monday said a strategic decision to secure a $1 billion loan backed by its crude was instrumental in supporting the Dangote Refinery during liquidity challenges.
The $1 billion loan formed a part of the equity owned by the NNPC in the refinery.
The move, according to the company, paved the way for the establishment of Nigeria’s first private refinery.
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