Crude for loans Archives

State govts demand forensic audit of FG’s crude-for-loan deals

State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account. The PUNCH earlier reported that the Nigerian National Petroleum Company Limited pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling […]

aadelekepdnlimited-com
13th March 2026
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Oil and Gas

Crude-for-loans: NNPCL allocates 8m barrels monthly for $8.8bn debt

The Nigerian National Petroleum Company Limited has committed to delivering 272,500 barrels of crude oil per day through various crude-for-loan agreements worth $8.86 billion. This translates to approximately 8.17 million barrels per month allocated for these loan deals, as indicated by an analysis of reports from the Nigeria Extractive Industries Transparency Initiative and NNPC’s financial […]

monwubukepdnlimited-com
4th October 2024
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Tag: Crude for loans

State govts demand forensic audit of FG’s crude-for-loan deals

Crude-for-loans: NNPCL allocates 8m barrels monthly for $8.8bn debt

OpenAI acquires Astral in move to boost developer.

Dangote refinery drives $3.74bn crude import shift

Nigeria-UK trade hits £8.1bn as Ovaltine opens Lagos.

Tinubu seeks UK partnership to tackle Nigeria’s insecurity

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