MRS provided $300m to NNPC for Chevron assets – Report

The transaction was completed in May and the financing was secured against crude from producing fields within NNPC’s portfolio, it said.

The forward sale agreement was concluded between NNPC and Bahamas-registered Bestaf Funding Ltd, according to the financial statements and an emailed response from NNPC Chief Financial Officer, Umar Ajiya.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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