Nigeria’s upstream oil and gas companies Seplat and Oando are paying down their debt and creating a healthy balance sheet, giving them the leeway to approach banks for more loans and finance acquisitions of more fields. A company finances its operation with a combination of debt (money borrowed
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp