Nigeria: Govt to Review NNPC's $6bn Oil Swaps - Kachikwu

2 January 2018

Apparently scandalised by the acute petrol scarcity, which marred the Yuletide celebrations, the federal government is set to review the $6 billion Direct Sale-Direct Purchase (DSDP) contracts of the Nigerian National Petroleum Corporation (NNPC).

The objective is to blacklist some oil traders whose failure to meet their petrol supply obligations plunged the country into the fuel crisis.

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