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NNPC Seals Two Gas Pacts At COP28

Posted on Author brtnews Comments Off on NNPC Seals Two Gas Pacts At COP28

The Nigerian National Petroleum Company Limited (NNPCL) has signed two gas deals covering a floating liquefied natural gas deal and a small-scale LNG deal at the ongoing COP28 in Dubai, United Arab Emirate (UAE)

According to the company, the deals were both for Domestic, and International Markets.

There is an Agreement on 421 Tonnes Per Day Small-Scale LNG Project in Ajaokuta and MoU on Floating LNG.

Analysts believe that the deals, if fully consummated,  are expected to further support current efforts by the Federal Government to optimize the benefits of the hydrocarbon resources in terms of revenue earnings and climate-smart exploration for the country.

This is particularly true when analyzed with the context of gas flares rate in the country and failure of E&P companies to fully comply with the regulations targeted at combating the abuses.

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Anchor Borrowers Programme’s Disbursements Hit N12.65Bn

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News Analysis: Latest FG’s 2023 Fiscal Policy Measures Risky To Real Sector, GDP Targets – CPPE

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“The immediate risk is that the domestic wine market would be taken over by imported, and mostly smuggled wine.  Ultimately, the Nigerian economy, domestic investors in the sector and the employees of these firms would be the victims of this policy.”

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FMDQ Admits MyCredit Investment’s N2.50Bn Commercial Paper

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The FMDQ Securities Exchange Limited, through its  Board Listings and Markets Committee, has approved the quotation of MyCredit Investments Limited N2.50 billion Series 1 Commercial Paper (CP) under its N2.50 billion CP Issuance Programme on its platform. The approval is part of the Exchange’s sustained efforts to efficiently enhance the registration, listing, quotation, and trading […]

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