Thursday 3 March 2016

NIGERIA LOSES $21BN OIL INVESTMENT, FACES STIFF COMPETITION

Nigeria loses $21bn oil investment, faces stiff competitionThe Nigerian oil and gas industry, which saw a decline of about $21bn in capital investment in 2015, needs to be repositioned to be able to compete globally for shrinking investment occasioned by the sharp drop in oil prices.
 
Industry operators stated this in Lagos while discussing the issue of low oil prices, the challenges and opportunities.
 

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