Nigeria: No Final Decision Made On $5bn Aramco Oil-Swap Deal

Nigeria: No Final Decision Made On $5bn Aramco Oil-Swap Deal

The Federal Government yesterday clarified that it has not taken a final decision on the $5bn forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Saudi Arabian oil giant Aramco.

‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale

The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National Petroleum Company Limited, NNPCL.   This was as the government stated that no final decision has been made on the matter.   According to a statement by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, on Wednesday in Abuja, the government said it was aware of …

Nigeria clarifies position on forward crude oil sale involving NNPC

By MBAFAN ADE, Abuja – The Federal Ministry of Finance has issued a statement in response to recent The post Nigeria clarifies position on forward crude oil sale involving NNPC appeared first on National Accord Newspaper.

Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse

The Federal Ministry of Finance has rejected claims regarding the collapse of a potential $5 billion forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd.).  The post Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse  appeared first on Nairametrics.