Economy
Nigerian Petroleum Company NNPCL Says It Has Begun Shipment Of LNG Cargoes To Japan, China
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Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd in a statement on Monday asserted that NNPC Ltd. achieved the milestone through the collaboration of two of its downstream subsidiaries – NNPC LNG Ltd. and NNPC Shipping Ltd. – which delivered its first DES LNG cargo from the 174,000m³ LNG vessel, Grazyna Gesicka at Futtsu, Japan, on 27th June 2024.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) said it has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.
Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd in a statement on Monday asserted that NNPC Ltd. achieved the milestone through the collaboration of two of its downstream subsidiaries – NNPC LNG Ltd. and NNPC Shipping Ltd. – which delivered its first DES LNG cargo from the 174,000m³ LNG vessel, Grazyna Gesicka at Futtsu, Japan, on 27th June 2024.
He explained that NNPC LNG Ltd., in collaboration with NNPC Shipping Ltd, is scheduled to deliver at least two more LNG cargoes to the Asian market on DES basis by November.
The company added that more orders were expected before the end of year.
The statement read in part; “In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.
“NNPC Ltd. achieved the milestone through the collaboration of two of its Downstream subsidiaries – NNPC LNG Ltd. and NNPC Shipping Ltd. – which delivered its first DES LNG cargo from the 174,000m³ LNG vessel, Grazyna Gesicka at Futtsu, Japan, on 27th June 2024.
“Since then, it has expanded its footprint to China with the delivery of one LNG cargo on DES basis.
“Delivered Ex-Ship (DES) is an international commercial term that requires the seller to deliver the products/goods at a specific port. The seller takes responsibility for the shipping and insurance for the products/goods until they get to the specified port of delivery. It requires expertise and a higher level of efficiency to execute than the Free on Board (FOB) system.
“NNPC Ltd. has been involved in LNG trading since 2021 with its first LNG cargo sale in November of that year. It has since traded over 20 cargoes into the European and Asian markets on FOB basis.”
Also speaking on the development, the Executive Vice President, Downstream, Mr. Dapo Segun, said NNPC Shipping intends to build a shipping portfolio, so that we can provide our sister company and other clients all the shipping flexibilities they need.
“The DES system, apart from being more financially rewarding, allows NNPC Ltd. inroads into the downstream segment of the LNG sector and positions it to capture more market shares while building in-house capacity and ensuring that global customers are familiar with the NNPC Ltd. brand”.
“The collaboration between NNPC LNG Ltd. and NNPC Shipping Ltd. in executing the LNG supplies on DES basis has strengthened the latter’s position as a world class shipping provider in the LNG sector.
“NNPC Shipping intends to build a shipping portfolio (including owned vessels) so that we can provide our sister company and other clients all the shipping flexibilities they need,” Managing Director of NNPC Shipping, Panos Gliatis, enthused.”
The Black Market Dollar-to-Naira Exchange Rate for 16th July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 16th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1405 on Thursday, 16th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1420
Buying Rate ₦1405
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1384
Lowest Rate ₦1379
Nigeria’s pension assets have risen by 51 per cent over the past two years, from N 20. 7 trillion to N 31. 48 trillion, while nearly one million new contributors have joined the Contributory Pension Scheme, Omolola Oloworaran, Director- General of the National Pension Commission (PenCom), said on Tuesday.
Oloworaran attributed the growth to renewed public confidence in the nation’s pension system, saying reforms introduced by the President Bola Tinubu administration had strengthened the industry’s credibility and expanded participation.
She disclosed this while briefing journalists at the Meet the Press session organised by the Presidential Communications Team at the Presidential Villa, Abuja.
According to her, pension assets increased by N 10. 7 trillion over the period, reflecting what she described as restored trust in the system.
“Every successful pension system on Earth is built on a simple foundation: confidence—confidence that contributions are safe, confidence that institutions work, confidence that after decades of honest labour, retirement will bring security, not uncertainty. Two years ago, that confidence needed restoring. Today, the verdict is in.
“Pension assets have grown from N 20. 7tn to N 31. 48tn as at this month. That is a 51 per cent increase, representing N 10. 7tn in new retirement wealth.
“Let me say plainly what those numbers mean: confidence is back, and the system is growing,” she said.
The PenCom boss noted that the growth was driven not only by improved investment performance but also by increased enrolment, with 938, 938,229 new contributors joining the Contributory Pension Scheme over the past 24 months.
She said the commission had also prioritised translating the growth in pension assets into improved welfare for retirees.
According to Oloworaran, aggregate monthly pension payments have risen by 22 per cent, increasing from N 12. 2 billion to N 14. 9 billion.
She further disclosed that following the implementation of the new national minimum wage, the Federal Government approved a N 32, 000 monthly consequential pension adjustment for eligible retirees of treasury- funded Ministries, Departments and Agencies who retired on or before July 29, 2024.
She said more than 195, 195,000 pensioners have already benefited from the upward review, describing it as part of the administration’s commitment to improving the welfare of retired public servants.
The Black Market Dollar-to-Naira Exchange Rate for 14th July 2026 Can Be Accessed Below.
IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 14th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1425 and buy at ₦1410 on Tuesday, 14th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1425
Buying Rate ₦1410
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1381
Lowest Rate ₦1378
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