{"id":58142,"date":"2024-12-17T11:23:17","date_gmt":"2024-12-17T11:23:17","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=58142"},"modified":"2024-12-17T11:23:17","modified_gmt":"2024-12-17T11:23:17","slug":"nnpcl-secures-1bn-loan-to-support-dangote-refinery","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/12\/17\/nnpcl-secures-1bn-loan-to-support-dangote-refinery\/","title":{"rendered":"NNPCL Secures $1bn Loan to Support Dangote Refinery"},"content":{"rendered":"<p><em><strong>By Gabriella Ogbu<\/strong><\/em><\/p>\n<p>The Nigerian National Petroleum Company Limited (NNPCL), has secured a $1 billion crude-backed loan to support the operational start-up of the 650,000 barrels-per-day Dangote Petroleum Refinery, marking a significant boost for Nigeria\u2019s refining sector.<br \/>\nAt the Energy Relations Stakeholders Engagement in Abuja, NNPCL\u2019s Chief Corporate Communications Officer, Mr. Olufemi Soneye, also announced the facilitation of a $3 billion Gazelle loan to address Nigeria\u2019s foreign exchange crisis.<br \/>\nAdditionally, he highlighted the $3.3 billion syndicated crude prepayment facility secured in partnership with Afreximbank, considered one of Africa\u2019s largest debt arrangements.<br \/>\nSoneye praised NNPCL\u2019s leadership under Mele Kyari, noting transformative achievements, including the restart of the Port Harcourt Refinery and the promotion of Compressed Natural Gas (CNG), as a cost-effective energy alternative.<br \/>\nNNPCL also reported record-breaking profits, surpassing projections for 2024, which Soneye attributed to reforms and strategic investments.<br \/>\nHe emphasized the company\u2019s commitment to energy security, economic growth, and sustainability through public-private partnerships.<br \/>\nSoneye then reiterated NNPCL\u2019s dedication to innovation and collaboration to solidify its position as a global energy leader while driving Nigeria\u2019s development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriella Ogbu The Nigerian National Petroleum Company Limited (NNPCL), has secured a $1 billion crude-backed loan to support the operational start-up of the 650,000 barrels-per-day Dangote Petroleum Refinery, marking a significant boost for Nigeria\u2019s refining sector. At the Energy Relations Stakeholders Engagement in Abuja, NNPCL\u2019s Chief Corporate Communications Officer, Mr. Olufemi Soneye, also announced [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":58143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59,505],"class_list":["post-58142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured","tag-nnpcl"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/58142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=58142"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/58142\/revisions"}],"predecessor-version":[{"id":58144,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/58142\/revisions\/58144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/58143"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=58142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=58142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=58142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}