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Oando Plc has increased its crude oil production output by 50% over the past three months following the acquisition of Nigerian Agip Oil Company from Eni.
Nigeria's 29 state governments are facing a funding shortfall of N4.5 trillion for capital projects, resulting in delays for various infrastructure projects across the country. This shortage is impacting the progress of several capital projects nationwide.
Senate President George Akume has downplayed opposition from northern regions to proposed tax reform bills, stating that consultations with senior citizens were conducted without issues. The Senate is set to meet with the Attorney General of the Federation (AGF) on the matter.
The Nigerian Economic Summit Group (NESG) has backed a stabilisation fund for the real sector, which aims to provide single-digit interest rate loans to manufacturers. The group also supports recapitalisation of discos to improve energy access.
