Banks nervous on US$1.4 billion exposure to INTELS

by | October 17, 2017 2:50 pm

Banks exposed to INTELS, Nigeria’s leading oil and gas logistics company are getting nervous over their exposure to the company as the Federal Government’s moves to revoke the pilotage agreement with the company. INTELS has entered into loan agreements with several Nigerian banks based on the revenues earned from the agreement with Nigeria Ports Authority…

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