In a statement issued from the Federal Ministry of Finance in Abuja, officials addressed recent reports suggesting that a major oil deal had collapsed.
The Ministry described such narratives as “unfounded,” emphasizing that while discussions are underway as part of broader economic strategies, no final decision has been reached.
“Market speculation is not uncommon during periods of reform,” the Ministry noted, adding that the public should view ongoing developments within the broader context of Nigeria’s push for financial innovation and transparency.
The forward sale of crude oil, a financial mechanism often used by resource-rich nations to raise capital against future production, has been widely discussed as part of Nigeria’s plan to stabilize its economy and boost foreign currency reserves.
