Tag: NNPC
NNPC Attributes Fuel Price Variations to Forex Scarcity
“We are also engaging relevant authorities to ensure products diversions are prevented and timely deliveries to all stations are ensured. The scarcity should ease in the next few days as more stations recalibrate and begin operations”.
NNPC Receives $3 Billion Loan for Crude Oil Repayment
In an effort to provide immediate disbursement and support the Federal Government’s monetary and fiscal policies to stabilise the exchange rate market, NNPC Limited has signed a Commitment Letter and Term Sheet with AfreximBank to secure a $3 billion crude oil repayment loan. The agreement was jointly signed in Cairo, Egypt, and is intended to…
