Monday 4 April 2016

NNPC: IOCs TO SUPPORT OIL MARKETERS’ DEMAND FOR FOREX

The Chief Operating Officer, Downstream Division of the Nigerian National Corporation, Mr. Ikem Obih, has disclosed that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has negotiated a workable solution to address the challenges of accessing foreign exchange for the importation of petrol by oil marketers.
 
This solution, he explained to reporters yesterday, would include international oil companies (IOCs) working in conjunction with the NNPC and the Central Bank of Nigeria (CBN) to provide forex to marketers for the importation of petrol.
 

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