* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, May 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Ways to save money on entertainment and travel this summer – CBS News

    Smart Strategies to Slash Your Summer Entertainment and Travel Costs!

    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

    Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

    SD state worker promoted to lead Bureau of Information and Technology and its $88 million budget – South Dakota Searchlight

    South Dakota State Worker Takes the Helm of Bureau of Information and Technology with an $88 Million Budget!

    The data center boom in the desert – MIT Technology Review

    Unleashing the Desert: The Thriving Data Center Revolution

    T. Hasegawa creates flavor technology for plant-based applications – Food Business News

    Revolutionizing Taste: T. Hasegawa’s Innovative Flavor Technology for Plant-Based Foods

    Nike cuts some jobs in technology division – Reuters

    Nike Streamlines Workforce: Job Cuts in Technology Division

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Ways to save money on entertainment and travel this summer – CBS News

    Smart Strategies to Slash Your Summer Entertainment and Travel Costs!

    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

    Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

    SD state worker promoted to lead Bureau of Information and Technology and its $88 million budget – South Dakota Searchlight

    South Dakota State Worker Takes the Helm of Bureau of Information and Technology with an $88 Million Budget!

    The data center boom in the desert – MIT Technology Review

    Unleashing the Desert: The Thriving Data Center Revolution

    T. Hasegawa creates flavor technology for plant-based applications – Food Business News

    Revolutionizing Taste: T. Hasegawa’s Innovative Flavor Technology for Plant-Based Foods

    Nike cuts some jobs in technology division – Reuters

    Nike Streamlines Workforce: Job Cuts in Technology Division

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

NNPC eyes fresh $2bn oil-for-cash loan deal in two months

July 9, 2024
in Business
NNPC eyes fresh $2bn oil-for-cash loan deal in two months
Share on FacebookShare on Twitter

Nigeria’s state-owned oil company, the Nigerian National Petroleum Company (NNPC), is considering securing a new $2 billion loan using crude oil pre-payments as collateral, according to findings by BusinessDay.

Mele Kyari the group general manager said the company wanted a loan against 30,000-35,000 barrels per day of crude production, but declined to say how much money it sought.

He said the cash raised would be used for all of the NNPC’s business activities, including supporting production growth.

Read also: NNPC, marketers blame logistics as petrol scarcity disrupts businesses

“We have no problem covering our gasoline payments. This is just money for normal business and not a desperate act,” Kyari told Reuters.

It is unclear which lender would arrange the loan, as three sources said Afrexim would be unable to extend its exposure to Nigeria that far.

BusienssDay on July 6 reported NNPC owes around $6 billion to international traders for imported petrol as traders said the state-owned company is taking more days to make payment instead of within 90 days.

According to Reuters, NNPC’s mounting debt, which includes overdue payments exceeding $4 billion-$5 billion for January imports alone as several international petrol suppliers have ceased participating in recent tenders.

All five sources who spoke to Reuters asked not to be named because they were not authorised to speak on the issue.

“It will be a syndication with critical but regular partners who have been in business with our company to forward the cash,” Kyari said on Tuesday adding he expected to conclude the deal in the next two months.

Efforts to get Olufemi Soneye, the chief corporate communications officer at Nigerian National Petroleum Company Limited (NNPC), to confirm the fresh oil backed Loan proved abortive.

Read also: Presidency raises alarm over NNPC’s non-completion of PH refinery

On August 16, 2023, the Nigerian National Petroleum Company (NNPC) Limited secured a $3.3 billion emergency crude repayment loan — a transaction aimed at supporting the naira and stabilising the foreign exchange (FX) market.

Arranged by the African Export-Import Bank (Afreximbank), the $3.3 billion crude-for-cash loan was also targeted at supporting the federal government’s monetary and fiscal reforms.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Businessday.ng – https://businessday.ng/news/article/nnpc-eyes-fresh-2bn-oil-for-cash-loan-deal-in-two-months/

Tags: businessFreshoil-for-cash
Previous Post

Visa-free entry ends for South Africans and Batswana visiting Ireland

Next Post

Sun Yi at brand event

If a Tree Falls in the Forest, Was it a Pine? UVA Researchers Can Make a Good Guess – UVA Today

Decoding Nature: UVA Researchers Unravel the Mystery of Forest Sounds

May 26, 2025
The extraordinary enigma of ordinary tickle behavior: Why gargalesis still puzzles neuroscience – Science | AAAS

Unlocking the Mystery of Tickle: Why Gargalesis Continues to Baffle Neuroscience

May 26, 2025
GAME DAY | U.S. Plays for Gold Today in Men’s Worlds Against Swiss – Team USA Hockey

Gold Medal Showdown: Team USA Faces Off Against Switzerland in Men’s World Championship!

May 26, 2025
Outside In | How sustainable is a US economy heavily dependent on arms sales? – South China Morning Post

Inside the Arms Trade: Assessing the Sustainability of a US Economy Reliant on Military Sales

May 26, 2025
Top Dawg Entertainment Delivers Spring 2025 Racing Collection – hypebeast.com

Rev Up Your Style: Top Dawg Entertainment Unveils Exciting Spring 2025 Racing Collection!

May 26, 2025
Mrs. California America uses crown to champion mental health – CBS News

Mrs. California America: Using Her Crown to Champion Mental Health Awareness

May 26, 2025
Christianity Is Political – Catholic Answers

Christianity Is Political – Catholic Answers

May 26, 2025
Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

May 26, 2025
Oklahoma’s Brent Venables, Auburn’s Hugh Freeze among coaches who can significantly boost ranking in 2025 – CBS Sports

Game Changers: How Brent Venables and Hugh Freeze Could Transform Their Teams’ Rankings by 2025

May 25, 2025
AhnLab employees clean up Tancheon Wetland to support local ecology – Chosunbiz

AhnLab Team Takes Action: Revitalizing Tancheon Wetland for a Greener Future!

May 25, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (640)
  • Economy (653)
  • Entertainment (21,562)
  • General (15,236)
  • Health (9,694)
  • Lifestyle (657)
  • News (22,149)
  • People (654)
  • Politics (660)
  • Science (15,876)
  • Sports (21,160)
  • Technology (15,640)
  • World (642)

Recent News

If a Tree Falls in the Forest, Was it a Pine? UVA Researchers Can Make a Good Guess – UVA Today

Decoding Nature: UVA Researchers Unravel the Mystery of Forest Sounds

May 26, 2025
The extraordinary enigma of ordinary tickle behavior: Why gargalesis still puzzles neuroscience – Science | AAAS

Unlocking the Mystery of Tickle: Why Gargalesis Continues to Baffle Neuroscience

May 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version