Nigeria amasses $3 bln debt to traders for oil swaps – Sources
June 23, 2023 Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and is trailing…
NNPC winding down crude oil swap contracts – KyariÂ
June 5, 2023 Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding…
Nigeria’s NNPC asks trading firms for emergency gasoline supplies
Feb. 9, 2022 Nigeria’s state oil firm NNPC has asked trading firms for emergency supplies of gasoline to replace cargoes that were rejected because of their poor quality, two sources…
DSDP: NNPC reveals 132 firms, companies bid for oil swaps, saves $2.2bn from scheme
Maikanti Baru, GMD, NNPC The Nigerian National Petroleum Corporation, NNPC, said that 132 (local and international business partners, and potential off-takers and suppliers) companies had bid for the right to…