By: Economic & Finance Report
President Muhammadu Buhari (Nigeria) has asked the state run oil corporation to review contracts and agreements, with the trading of oil crude products.
It has been indicated that the Nigerian govt is losing money on a vast array of the oil contracts be traded and manipulated. Buhari govt is seeking to overhaul the oil industry in Nigerian, and re regulate what has been costly to the nation and government in loss of revenues, in the hundreds of millions.
It has been speculated that President Buhari will end the subsidies that have led to fraudlent oil activities in Nigeria. -SB