Here's the Implication of NNPC's $1.5bn Deal with Vitol, Matrix

Nigeria National Petroleum Corporation (NNPC) has signed a $1.5 billion cash-for-crude prepayment loan with the world’s top biggest independent oil trader Vitol Group and Nigeria’s Matrix Energy, a decision that comes with huge implications for Africa’s biggest economy. Already cash-strapped and weighed down by billions of dollars in old debts, NNPC has been looking to… for further reading, please click on

SOURCE:BusinessDay Newspaper         July 30, 2020.