NNPC Secures $5bn Funding from Afreximbank for Nigeria’s Oil Industry

By Ikenna Omeje The Nigerian National Petroluem Company Ltd has secured a $5bn corporate finance commitment from the African Export Import Bank to fund major investments in Nigeria’s Upstream sector. A statement  on Thursday said that  the funding commitment is a fallout of the meeting between the Chairman of the Board of Directors and President…

Nigerian state oil firm to list on the Stock Exchange
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Nigerian state oil firm to list on the Stock Exchange

By Ayobami Adedinni The Nigerian National Petroleum Corporation (NNPC) is set to list on the floors of the Nigerian Stock Exchange, (NSE) in order to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project. Maikanti Baru, group managing director of the corporation, made this…