Oil Output Archives - KOKOMANSION MEDIA

NNPC concludes $1bn mega deal with Afrieximbank to boost oil output

November 18, 2021November 18, 2021Ayo Olowo

The African Export-Import Bank (Afreximbank) has signed a $1.04 billion deal with the Nigerian National Petroleum Corporation (NNPC) to boost oil output. The deal was signed at the ongoing Intra-African Trade Fair (IATF) in Durban, South Africa. The transaction comprises a pre-export/shipment finance facility underpinned by a forward sale agreement (FSA) and offtake contracts from the Nigerian National Petroleum […]

Total to 200,000 bpd to Nigeria’s oil output

August 2, 2017Ekene Onyeama

Mr Nicolas Terraz, Managing Director/Chief Executive Officer Total upstream companies in Nigeria, on Wednesday said that the firm would boost the country’s daily oil production by 200,000 barrels from 2018. Terraz, who was represented by Mr Biodun Afolabi, Executive Director, Corporate Affairs and Services, said that the additional barrels would come from the company’s multi-billion […]

Nigeria’s economy to rise 0.8 per cent in 2017 through agriculture, rise in oil output and big government spending – IMF

April 19, 2017Ayo Olowo

The International Monetary Fund, IMF, Tuesday, projected that Nigeria’s economic growth would rise by 0.8 per cent in 2017. The agency, in its World Economic Outlook report unveiled in Washington, said continued growth in agriculture, rise in oil output and big government spending will drive the nation’s growth. The outlook also explained how Nigeria will […]