Nigeria repays five oil firms’ $3.7bn debt, owes $972m

Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil companies, leaving an outstanding balance of $971.8m. Data obtained from the country’s oil firm in Abuja on Friday indicated that the five IOCs include Shell Petroleum Development Company, Mobil Producing Nigeria,…

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