NNPC LIMITED

BREAKING Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank The NNPC Ltd. and @afreximbank have jointly signed a commitment letter and Termsheet for an emergency $3billion crude oil repayment loan. The signing, which took place today at the bank's headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market.

JUST IN: Our Group Chief Executive Officer (GCEO), @MKKyari, OFR, delivered his Keynote Address on 'Redefining Nigeria’s Energy Landscape for a Sustainable Energy Future' at the ongoing #NOGEnergyWeek. As asserted by the GCEO, AFFORDABILITY, ACCESSIBILITY, and SUSTAINABILITY are the drivers of Nigeria's energy future. Kyari noted that NNPC Limited operates in a dynamic market landscape, is gearing up for an IPO, and, as a CAMA company, will declare its shares to the public. Key initiatives on the horizon include expanding gas infrastructure to deliver gas across West Africa and potentially, Europe, expansion of liquefaction capacity of NLNG and enabling availability of LPG as a cooking fuel and CNG as alternative fuel for automobiles. Reaffirming Nigeria’s status as a gas nation with associated oil, Kyari reiterated the need to bridge the skilled manpower gap, ensure asset security, and invest in infrastructure to transform challenges into opportunities. For the GCEO, Strategic decisions like subsidy removal have already paved the way for positive change in the sector, while freeing up capital for powering the sustainable supply of energy. #EnergyforToday #EnergyforTomorrow

Our old account, @nnpcgroup, is now @nnpclimited. #NNPCLimited #NNPCIsTransitioning #EnergyForToday #EnergyForTomorrow