NNPC’s $5bn oil-backed loan portends huge fiscal risks for Nigeria – NRGI

The plan by the Nigerian National Petroleum Corporation (NNPC) to secure oil-backed loan of $3.5-5 billion in exchange for 70,000 barrels of oil per day (bpd) over 5 to 7 years from oil trading companies to finance projects portends grave fiscal risks for the country, a transparency watch dog has warned. The Natural Resource Governance…

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Fuente: BUSINESS DAY