Nigeria cancels oil swap bidding, will go directly to refiners

By Camillus Eboh and Libby George ABUJA/LONDON (Reuters) - Nigeria's NNPC said on Tuesday it had cancelled bidding for new crude oil swap agreements and will instead directly sell crude oil to refiners, and purchase refined oil products from them. State oil company NNPC said in a statement that the move was "designed to enshrine transparency and eliminate the activities of middlemen" in the swap scheme. NNPC had shortlisted 44 companies for the swap agreements for 2016, also called "offshore pro