'No insolvency' in Nigerian state oil firm

Nigeria's Oil Minster, Diezani Allison-Madueke, has told the BBC the country's state oil firm is not insolvent.

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Comments

[JohnM]

With the market downturn and failure of the world economy to realise it’s
growth expectations we can certainly see that oil rig jobs are being shed. In fact across the globe, jobs in the broader petroleum industry are under
strain with no end in sight.

You generally can't believe what polticians say as the old joke goes:
Q:When can you tell if a politician is lieing?
A:If their lips are moving.

So with all the corruption and under-the-table deals that go hand in hand with doing business in Africa, it won't surprise me that cashflow is a tad tight at the state oil company.