• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

  • Fact-Check
  • Economy
    • Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

      Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

  • National
    • Officers of NSCDC Mining Marshals

      NSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged…

      NAF Air Personnel

      NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region

      Department of State Security Service DSS

      Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation

      Bashir Adewale Adeniyi Customs Boss

      Nigeria Customs Partners China on Smarter Ports, Officer Training

      Super Falcons wins WAFCON Trophy

      VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies…

    • Government
      • Super Falcons wins WAFCON Trophy

        Falcon’s WAFCON Glory: Tinubu Committed to Sports Development – Minister

        Bashir Adewale Adeniyi Customs Boss

        Nigeria Customs Partners China on Smarter Ports, Officer Training

        NYSC Corps Members in Camp

        Tinubu to Honours 210 Ex-NYSC Members for Meritorious Services

        court Judiciary

        Court Remands TikToker Arrested by DSS for claiming President Tinubu died

        Leon Usigbe

        Tinubu Mourns Veteran State House Correspondent, Leon Usigbe

  • Security
    • Officers of NSCDC Mining Marshals

      NSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged…

      NAF Air Personnel

      NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region

      Department of State Security Service DSS

      Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation

      CP Ikiouye Orutugu

      Anambra Police Bolster Security with New Armoured Personnel Carrier

      NAF Airstrike fighter jets

      NAF Airstrikes Eliminate ISWAP Fighters, Top Commanders in Marte

  • Features
    • Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

      Late Ex-President Muhammadu Buhari and Mansur Liman

      “Buhari: A Blunt, Honest Leader Who Laughed at His Own Predicament”

      Intelligence Synergy: Reshaping Nigeria’s Security Architecture, By Mukhtar Ya’u Madobi

  • State
    • Officers of NSCDC Mining Marshals

      NSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged…

      NAF Air Personnel

      NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region

      NAF Airstrike fighter jets

      NAF Airstrikes Eliminate ISWAP Fighters, Top Commanders in Marte

      The recovered AK-47 rifles

      Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles

      NDLEA officials

      NDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids 

  • Event
    • Super Falcons wins WAFCON Trophy

      VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies…

      Cross section of participants and guests at the Kaduna State Chapter world PR day

      Kaduna NIPR Urges Students to Embrace Evolving PR Landscape

      Engr. Saleeman Adedoyin Saleeman

      Global IT Leader Saleeman Adedoyin Launches Free Summer School in Ilorin…

      Celestine Achi, AI in PR specialist

      BOOK REVIEW: AI is Reshaping PR—Celestine Achi Shows Us How

      Saudi Arabia’s ‘Sleeping Prince’ Dies Weeks After PRNigeria Debunked Viral Recovery…

    • PR Nigeria Award
  • E-Paper
Home Economy How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL
  • Economy

How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL

By
Prnigeria
-
December 18, 2024
Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari
Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari

How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial difficulties.

NNPC’s Head of Corporate Communications, Olufemi Soneye, made the disclosure during his remarks at the Energy Relations Stakeholder Engagement in Abuja.

Highlighting the achievements of the apex national oil company under the leadership of Mallam Mele Kyari, Sonoye said: “Permit me to digress a bit!

Under the visionary leadership of Mele Kyari, NNPC Ltd has achieved groundbreaking milestones, redefining the trajectory of Nigeria’s oil and gas sector, he stated.

Read Also:

  • Falcon’s WAFCON Glory: Tinubu Committed to Sports Development – Minister
  • NSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged ₦500bn Mineral Theft
  • NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region

He said, “The restart of the Port Harcourt Refinery marks a significant turning point in Nigeria’s quest for energy self-sufficiency, reaffirming the company’s commitment to revitalizing the nation’s refining capacity.

“NNPC has also championed the adoption of Compressed Natural Gas (CNG) as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution amidst rising global energy costs.

“A strategic decision to secure a $1bn loan backed by NNPC’s crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria’s first private refinery.

This initiative underscores NNPC’s dedication to fostering public-private partnerships that drive national development.

“In a historic achievement, NNPC, under Kyari’s leadership, declared profit for the first time in decades, marking a significant financial turnaround. The company has already exceeded its profit projections for 2024, a testament to the transformative reforms he has implemented.

“Additionally, Kyari facilitated the $3 billion Gazelle loan, a critical intervention that helped stabilise the federation during a challenging foreign exchange crisis.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Dangote Refinery
  • Mele Kyari
  • Nigerian National Petroleum Company Limited
  • NNPCL
  • Olufemi Soneye
Previous articleREVEALED: Northwest Leads as 614,937 Nigerians were Killed, 2.2m Abducted, N2.23tr Paid as Ransom in 12 Months – NBS
Next articleONSA: How security forces arrested over 600 criminals hiding in forests, parks
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

Comptroller General Nigerian Customs Bashir Adewale

Customs Moves Against 223 Importers in N379bn Permit Breach

Bashir Adewale Adeniyi Customs Boss

How Customs is Tightening Borders to Stop Illicit Cash Flows – CG Adeniyi 

Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

Abdullahi Aliyu Maiwada

Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices

Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

Customs Exposes Scam Over Form M Migration to B’Odogwu Platform

CBN

The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri Idakwo Laruba

Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy and National Security

Google Search Tech Digest

7 Smart Google Search Tips That Will Save You Hours By Shuaib S. Agaka | Tech Digest

U.S. VISA

REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months in Reciprocal Policy Shift

Comptroller General Nigerian Customs Bashir Adewale

Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

Recent Posts

  • Falcon’s WAFCON Glory: Tinubu Committed to Sports Development – Minister
  • NSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged ₦500bn Mineral Theft
  • NAF ‘Rattles’ ISWAP Terrorists with Decisive Blow in Lake Chad Region
  • Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation
  • Anambra Police Bolster Security with New Armoured Personnel Carrier
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Falcon's WAFCON Glory: Tinubu Committed to Sports Development - MinisterNSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged ₦500bn Mineral TheftNAF 'Rattles' ISWAP Terrorists with Decisive Blow in Lake Chad RegionArmy, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger OperationAnambra Police Bolster Security with New Armoured Personnel CarrierNigeria Customs Partners China on Smarter Ports, Officer Training, ReformsNAF Airstrikes Eliminate ISWAP Fighters, Top Commanders in MarteNigeria Customs Partners China on Smarter Ports, Officer TrainingVON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies CulpritPolice Operatives Eliminate 3 Bandits, Recover 10 AK-47 RiflesTinubu to Honours 210 Ex-NYSC Members for Meritorious ServicesPRNigeria Opens Application for 2025 Young Communication FellowshipNDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids IEDPU Praises CP Moshood Jimoh of Lagos Police for Exemplary LeadershipTroops Repel Boko Haram Attack in Gwoza, Recover Firearms
X whatsapp