Nigerian Liquefied Natural Gas Limited, NLNG, has paid off the $5.45 billion shareholders loan facility it took from its shareholders.
As it stands NLNG, will be seeking $7 billion for the sustainability of its operations and expansion project which will increase its production capacity from 22 Million Tonnes Per Annum, MTPA to 30 MTPA.
According to the National Bureau of Statistics (NBS) Nigeria’s oil and gas sector indebtedness to banks reached N3.58 trillion as at the fourth quarter of 2017. Will Nigerian banks fund $7bn NLNG Train 7 project?
This update will be discussing the possibility of Nigerian Banks financing the $7 billion NLNG Train 7 project.
To read more please follow this link:. Will Nigerian banks fund $7bn NLNG Train 7 project by olufola wusu
Olufola Wusu is a Commercial/Oil and Gas and I.P. Lawyer with Megathos Law Practice based in Lagos.
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Olufola Wusu is noted for his “dynamic practice” and “commercial acumen”. He is praised for his “first-rate skills” in assisting clients