Nigeria: Govt Signs U.S. $1.5 Billion Prepayment Deal With Oil Traders – AuthenticAfrican

Posted on by This Day

[This Day] Abuja -- The federal government has signed a $1.5 billion prepayment deal with Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. The Nigerian National Petroleum Corporation (NNPC) signed on behalf of the federal government.