By Abdullahi Mukhtar Algasgaini
The Federal Government has dismissed media reports claiming the collapse of a potential forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd).
In a press statement issued by the Federal Ministry of Finance, the government acknowledged market speculation around the deal but clarified that no final decision had been made.
It described reports of the initiative’s failure as “unfounded.”
The statement emphasized the government’s commitment to exploring transparent and fiscally responsible financing options to maximize Nigeria’s oil resources, boost external liquidity, and enhance economic stability.
Authorities reassured stakeholders that innovative strategies remain underway to strengthen the nation’s financial outlook.
No further details were provided on the status of the proposed crude oil sale.