FG extends crude for oil products swaps till December

NNPC GMD, Dr Maikanti Baru

The Federal Government has rolled over its crude for oil products swaps contracts by six months until the end of the year.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru told Reuters on Thursday.

The contracts, dubbed direct sale, direct purchase agreements (DSDP), were due to expire at the end of June.

Agency Report