Fitch doubts Nigeria’s crude-for-loans deals with India, China

29 November 2016, Lagos –  Fitch Ratings, a global credit rating agency, has expressed doubt over Nigeria’s multi-billion dollar crude-for-loans prepayment deals with India and China. The Minister of State for Petroleum, Dr. Ibe Kachikwu, recently said the country had negotiated a $15bn investment with India, where the Indian government would make an upfront payment […] More »