Daily Archives: August 27, 2018

WHY NIGERIAN BANKS CAN’T FUND $7BN NLNG TRAIN 7 PROJECT

  Stakeholders have continued to applaud the Nigerian Liquefied Natural Gas (NLNG) Limited over its decision to source about $7 billion from global financial markets for the construction of its Train 7.   The stakeholders, who spoke to Daily Sun in separate interviews, noted that the move by NLNG will further improve foreign exchange liquidity […]

Nigeria sees slump in economic growth as oil production drops

  Nigeria’s economic growth slowed in the second quarter as oil production fell.   Gross domestic product in Africa’s largest oil producer expanded 1.5 percent in the three months through June from a year earlier, Abuja-based National Bureau of Statistics said in a report released on Twitter Monday. That compares with 1.95 percent in the […]