FILE PHOTO: Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja

NNPC sells ₦28.85 billion crude oil to Glencore in 2017

The Nigerian National Petroleum Corporation, NNPC, received $94.279 million, about ₦28.85 billion, from Anglo-Swiss multinational commodity trading and mining company, Glencore, being payment for crude oil sold to the company in 2017. Glencore is one of the oil traders selected to lift Nigeria’s crude oil under various contracts, such as the crude oil term deal […]

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IMF credit to Chad delayed over Glencore oil debt

Chad’s stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said Chad’s external commercial debt, most of […]

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