NNPC says it has repaid 60 percent of the $1.036 billion loan secured to finance its stake acquisition in Dangote refinery.
The Nigerian National Petroleum Company Limited says it has repaid 60 percent of the $1.03 billion loan secured to finance its stake acquisition in theAccording to its audited financial statements for the fiscal year ending December 31, 2023, NNPC said the company has paid $625 million so far.According to the energy company, the deal wasFunding Limited, of which $1 billion was paid to Dangote refinery.
“The interest rate for the facility is 3-month libor plus 6.125%. As at 31st December 2023, NNPC limited has paid $625 million principal, while $424 million is still outstanding,” NNPC said.
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