Nigerian National Petroleum Corporation Limited (NNPCL)

Senate constitutes committee to probe importation of adulterated fuel by NNPC

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Senate constitutes committee to probe importation of adulterated fuel by NNPC

The Senate on Wednesday constituted a 15-member committee to unravel the circumstances surrounding the persistent importation of hazardous petroleum products by the Nigerian National Petroleum Corporation Limited (NNPCL). The Senate President, Godswill Akpabio, announced the composition of the committee during the plenary. He said the committee will be chaired by the Senate Leader, Opeyemi Bamidele. … Read more

Oando announces $550 million participation in NNPCL-sponsored finance facility

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Oando announces 0 million participation in NNPCL-sponsored finance facility

Oil driller Oando Plc said it partook in the closure of a $925 million accordion arranged and coordinated by the African Export-Import Bank (Afreximbank) for Project Gazelle, a crude oil-backed forward-sale finance facility sponsored by Nigerian National Petroleum Corporation Limited (NNPCL). An accordion allows a borrower to increase the maximum limit permitted on a loan … Read more