It was also learnt that within the last four years, the corporation raised about $4bn to meet its cash call obligations for selected joint venture projects.
The corporation’s Group Managing Director, Maikanti Baru, had stated that evolving new funding mechanisms for joint venture operations was part of the focus of the reforms undertaken by the government to eliminate the often difficult cash call regime, enhance efficiency of the management of oil and gas resources and guarantee growth.
The first quarter publication states that the oil firm’s access to foreign credit facilities is bolstered by its zero default record in over a decade of sourcing funds from third parties.
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Selling NNPC in disguise😂😂😂😂😂😂
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