#Nigeria pays owed subsidy payments, c. $1bn still outstanding 

With fuel subsidies discontinued by authorities, judging from the 2015 budget, Nigerian banks likely see the creditworthiness of most petroleum marketers worsening. This, as they reduce their exposure to the downstream oil and gas sector.

See Reuters link for story http://af.reuters.com/article/investingNews/idAFKBN0NM3CO20150501

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