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Loan-for-crude: Oando reveals $550m contribution to Afrexim Bank facility

Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited.

Benedict oramahAyotola jagunOando plcNigerian exchange limited onNigerian national petroleum companyFederal governmentAfrican export import bankNigerian exchange limitedChief complianceCompany secretaryProject gazelleChief executiveWale tinubuMandated lead arrangerModelling bankFacility agent

NNPC Ltd Refutes Report Of Inflated Subsidy Claims By N3 3trn

June 10, (THEWILL)- The Nigerian National Petroleum Company (NNPC) Limited has refuted reports that it inflated petrol subsidy claims by N3.3 trillion. Earlier reports alleged that a forensic audit by KPMG found that NNPC inflated its petrol subsidy claims by N3.3 trillion. On Monday, reacting to the reports in a statement issued by the Chief

Olufemi soneyeCorporate communicationsPetroleum industry actNigerian national petroleum companyNigerian national petroleum company limitedLtd disclaims report on alleged inflated subsidyChief corporate communications officerDisclaims reportAlleged inflated subsidyPerformance excellence

NNPCL disowns report on alleged inflated subsidy claims | Get the Latest News, National, Politics, Entertainment, Metro, Sport & Opinions

NNPCL disowns report on alleged inflated subsidy claims | Get the Latest News, National, Politics, Entertainment, Metro, Sport & Opinions
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Olufemi soneyePetroleum industry actNigerian national petroleum companyCorporate communicationsNigerian national petroleum company limitedChief corporate communications officerFederal governmentPerformance excellence

Dangote refinery: Oil majors blame theft, low production for poor crude supply

Major oil companies have lamented the impact of oil theft and pipeline vandalism on the availability of crude for local refineries.

Lagos stateNiger deltaNigeria generalRivers stateUnited statesPort harcourtAbbas tajudeenDolapo kotunBabajimi bensonGbenga komolafeChinyere almonaAliko dangoteDangote groupNigerian national petroleum companyLagos state chamberPetroleum regulatory authority

Unlocking idle fields will boost oil output

Chief Executive Officer of Kenyon International, Dr Victor Ekpenyong, has stated that Nigeria has the potential to increase its oil production

Victor ekpenyongMele kyariNigerian national petroleum companyOil well intervention conferenceKenyon internationalChief executive officerGroup managing directorNigerian national petroleum company limited