NNPC: New Money for Old Rope

The practical difficulties of NNPC's new project financing arrangements

NNPC Refinery Financing

With strong presidential backing, Nigeria’s state oil behemoth, NNPC, has been actively seeking funding for its refinery repair plan. If it can pull it off before the 2019 general elections, even better. They initially appeared to be making some progress with NNPC executives camped out at the London offices of White & Case LLP, th…

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