Forex – Foreign Suppliers Cut Fuel Shipment to Nigeria Over $985m Debt

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An acute shortage of foreign currencies across the country may have forced some overseas supplier of Premium Motor Spirit (PMS) popularly called petrol to suspend further supply of the commodity to Nigeria, over a $985 million debt overhang, Daily Sun findings has revealed. Their decision to cut supplies to its Nigerian customers may not be unconnected with the inability of … Read More