Adesanya, a former vice president of the Nigerian Association of Petroleum Explorationists lamented that the producers could run out of business due to falling oil prices and inability to meet their loan obligations to Nigeria banks.
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Why Nigeria didn't benefit from IMF debt service relief – Amine Mati – Daily Trust….as Breton Woods institution forecasts US$26bn drop in Nigeria’s oil export earnings The IMF has approved its largest COVID-19 emergency financing package so far. In a conversation with IMF Country Focus, the IMF’s mission chief for Nigeria, Amine Mati, described the economic situation confronting Nigeria, and how the country will use the money negotiated with …
Source: Daily Trust - 🏆 13. / 51 Read more »