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The Nigerian National Petroleum Corporation (NNPC), through the federal government, is seeking US$1bn with an aim to continue work on the US$2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, after Chinese lenders, which had pledged to provide the majority of the funds, failed to disburse cash as timely as expected

Congo has launched the construction of a US$600mn oil refinery near the port city of Pointe-Noire, an initiative move that aims to increase domestic refining capacity and offset chronic fuel shortages

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