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16 hours ago
African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3b crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25b has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one…
17 hours ago
The Federal Government has developed a strategic roadmap to end crude oil theft in the country. The Chairman, Crude Oil Theft and Management Committee of the National Economic Council (NEC), and Imo State Governor, Hope Uzodimma..
18 hours ago
Olam Agri in Nigeria, an agribusiness in food, feed, and fibre, has underscored its commitment to keep investing in enhancing human capital and economic development in the country.
19 hours ago
GBFoods, a leading multinational consumer goods corporation, has appointed Oreoluwa Atinmo as the Marketing Director for its Nigerian business. This appointment comes as a strategic move that reiterates GBFoods’ dedication to developing local talent and fostering a diverse and inclusive work environment. Prior to assuming this new role, Atinmo served as the Regional Category Manager…
1 day ago
Latest report by Meristem Research has projected an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the year.
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