Nigeria: Can banks readily cough up NNPC’s $2.12bn?

29 August 2016, Lagos — Nine of Nigeria’s money Deposit Banks were directed, last week to immediately remit NNPC funds of about $2.12bn currently retained by these banks into the oil Corporation’s Treasury Single Account with the Central Bank of Nigeria. The latest directive, dated 23/08/2016, however seems to be a reversal of an earlier […] More »