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.
DAPPMAN had announced that it would shut loading operations in December but gave the Government more time to pay the debt.
