International oil companies (IOCs) have agreed to collaborate
with the Central Bank to provide forex to marketers for the importation
of petrol.
A Chief Operating Officer of the downstream sector at the Nigerian
National Petroleum Corporation (NNPC), Mr Ikem Obih, made this known
over the weekend.
Mr Obih said that some upstream oil companies have agreed to support
local entities with the forex deal through the Central Bank to enable
them meet their PPPRA allocations.
The combined effort aimed at eliminating the queues for petrol help meet 100% of import allocations in the second quarter.
IOCs To Support Marketers With Forex
![IOCs To Support Marketers With Forex]()
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