" ITREALMS: N472bn
Showing posts with label N472bn. Show all posts
Showing posts with label N472bn. Show all posts

Friday, May 11, 2018

Shell loans Nigerian contractors N472bn

Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time. Also, Shell Companies in Nigeria awarded contracts worth over N230 billion to Nigerian contractors in 2017, representing 94% of the total contracts in that year.