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Tag: Foreign and Local Oil Firms

CBN Says Bank Lending to Oil Firms Rises to N7tn

CBN Says Bank Lending to Oil Firms Rises to N7tn The Central Bank of Nigeria has disclosed that the combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022. While...

339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades

339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades         At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022 by the close of the bidding process at noon yesterday. Last month,...