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Global gas glut leaves Nigeria’s LNG unsold, threatens N80bn dividend

Dividend accruable to cash-strapped Nigeria from Liquefied Natural Gas (LNG) is under threat, a development that might adversely affect its Economic Sustainability Plan to improve crumbling infrastructure and poor services in Africa’s largest economy. In Nigeria, the natural gas sector is oriented towards the export market, which is determined by economic fundamentals as against a…

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