The Central bank of Nigeria has asked deposit money banks not to charge interest on loans linked to subsidy debt from June 2017 to December 2018.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) also confirmed this.
The Federal Government announced in December that it had reached an agreement with oil marketers to pay the first tranche of subsidy debts through promissory notes.
But the oli marketers rejected the use of promissory notes insisting that it wanted the debt paid in cash.
Advertisement
DAPPMAN had announced that it would shut loading operations in December but gave the Government more time to pay the debt.
Related posts:
Oil marketers threaten to shut depots over N800bn unpaid subsidy
CBN governor faces contempt charge over 182 billion judgment debt
Senate asks CBN stop ATM card charges by banks
SERAP sues Buhari over ‘failure to publish details of N800bn recovered loot’
Rivers State Executive Council approves 2024 budget of N800bn
Commercial banks in Ghana to reduce interest rates by 2%
N32bn Debt: Innoson asks court to stop Deregisteration of GTB as a public liability company
Buhari asks EU countries to consider debt relief for African countries
