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Energy

$40bn investment lost to non-passage of PIB –PETAN

The Petroleum Technology Association of Nigeria (PETAN) has said the non-passage of the Petroleum Industry Bill (PIB) locked up services in oil and gas industry worth $40 billion.

 

Conoil targets N33bn revenue on lubricants

Conoil has announced plans to invest N1.5 billion to reinvigorate the totally deregulated and high margin-yielding lubricant business over a four-year period with projected revenue of N33 billion over same period.

 

Non-payment of subsidy claims may cripple economy - Experts

Non payment of genuine subsidy claims is taking its toll on the economy as experts has said the credit squeeze within the domestic economy may continue unabated.

   

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Nigerian Tribune