Price slump: Oil firms, banks risk bankruptcy over IOCs’ assets acquisition

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Price slump: Oil firms, banks risk bankruptcy over IOCs’ assets acquisition
29 February 201, Abuja – Indigenous oil companies that acquired the divested interests of Shell, Total and Chevron in Nigeria, between 2013 and 2015 are at r isk of going bankrupt and may find it difficult to repay the loans they borrowed from financial institutions to acquire these assets, thereby putting the banks in dire […] More »
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