Nigeria seeks oil prepayment: report
Nigeria 
LONDON, November 29, 2017 – The Nigerian National Petroleum Corporation has approached top commodity traders including Glencore, Vitol and Trafigura for a crude prepayment of up to USD 5 billion that would be used for upstream investments, international media reported on Wednesday.
Standard Chartered is advising the deal, which is expected to bring in USD 3.5 billion-5 billion in exchange for oil shipments of 70,000 bopd, Reuters reported.
Anonymous sources told the agency that about seven firms were vying for the deal, with a decision anticipated by the end of December. All entities cited refused to comment for the report.
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