Cash piles at downstream oil & gas firms are shrinking

by | June 12, 2017 1:44 am

Pressured by obligations to creditors and suppliers, retirement benefits, rising trade debt, and dividend payment, the once cash pile firms operating in the downstream oil and gas sector are running out of cash.     For the first three months through March 2017, Total Nigeria Plc’s cash and equivalents fell by 39.15 per cent to…

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