NNPC borrows from 10 banks to clear $3.5bn foreign debts

Started by MrVan, Jan 09, 2013, 12:30 PM

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MrVan

Jan 09, 2013, 12:30 PM
THE Nigerian National Petroleum Corporation,  NNPC, is borrowing from at least 10 banks and using revenue from oil production to help clear a long-overdue $3.5 billion debt owed to foreign fuel traders.

- Vanguard Nigeria
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