‘No Deal Collapsed’ – Nigerian Govt Breaks Silence on Forward Crude Oil Sale – Media Talk Africa

‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale – Media Talk Africa

The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National Petroleum Company Limit

Nigeria’s Finance Ministry Dismisses Reports of Collapsed $5bn Crude-Backed Loan, Says No Final Decision Yet

The Federal Ministry of Finance has refuted widespread media reports claiming that a proposed $5 billion oil-backed loan involving the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Saudi oil giant Aramco has collapsed. The ministry clarified that no final decision has been taken on the deal, and the reports suggesting its failure are “unfounded.” […] The post Nigeria’s Finance Ministry Dismisses Reports of Collapsed $5bn Crude-Back…

Oil’s last warning: Nigeria’s path beyond petroleum - Prime Progress NG

Nigeria’s recent financial instability took a critical turn when the highly anticipated $5 billion oil-backed loan from Saudi Aramco was reportedly delayed because of falling global oil prices. The loan was expected to fund Nigeria’s 2025 budget for 2025 and stabilise an economy weighed down by mounting debt and shrinking foreign reserves.  But the delay is more than a funding hiccup; it’s a stark reminder of the dangers of overrelying on a sing…