NIGERIA OFFERS GUARANTEED $2/B EQUITY MARGIN DOWN TO FLOOR PRICE OF $15/B 

Faced with declining oil exports in February, the Nigerian Government is again offering improved terms to its equity-holding companies. In January Nigeria reached a deal with the equity holders whereby an equity margin of $2/B would be guaranteed down to a "floor" market price of $23/B (MEES, 27 January). However, at prices below this level - which became actual in the market almost as soon as the ink...