Nigeria plans $2.3 bln in oil asset equity restructuring- DMO

Nigeria plans $2.3 bln in oil asset equity restructuring- DMO

Nigeria plans to raise N710 billion ($2.26 bln) via restructuring its equity in joint venture oil assets and increasing private sector participation, the Debt Management Office (DMO) said on Thursday. Oil companies including Royal Dutch Shell, Chevron and ExxonMobil, operate in Nigeria through joint ventures with NNPC. The government has considered selling stakes in these…

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