NNPC Opens New Forex Window For Oil Marketers

NNPC

The Nigerian National Petroleum Corporation (NNPC) On Tuesday disclosed that a new window had been opened for petroleum product marketers to access forex to enable them import fuel.

The group general manager, Group Public Affairs Division of the NNPC, Mr Muhammad Garba-Deen said this while addressing newsmen in Abuja yesterday.

Speaking on the plan to assist marketers have access to forex, he said, “A new window to make forex available for them for their importation needs has been opened and they are satisfied with it. We have fulfilled our own side of the bargain; we are waiting for them to deliver on their own promises.

The Corporation also denied any plan to further hike the price of Premium Motor Spirit (PMS), also known as petrol, stating that current realities do not support any price increase.

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Farouk Mohammed

Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.