Cash call: Nigeria gets $1.7bn discount from IOCs

23 November 2016, Abuja – International oil companies operating in the country have discounted $1.7bn off Nigeria’s $6.8bn cash call Joint Venture debts that accrued over the past six years, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to him, the balance of $5.1bn owed the IOCs by the Federal […] More »