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Friday, 9 February 2018

Why NNPC should exercise caution over $5b oil prepayment loan- NRGI

Why NNPC should exercise caution over $5b oil prepayment loan- NRGI

OpeOluwani Akintayo 09 February 2018, Sweetcrude, Lagos — The Natural Resource Governance Institute, NRGI has urged the Nigerian National Petroleum Corporation, NNPC to exercise caution over the $5 billion cash-for-crude prepayment loan. In a statement the institute disclosed that if the loan is not carefully structured and managed, it could mortgage the country’s resource wealth …

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