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Nigeria: Shell, Nine Banks Empower Nigerian Oil Service Firms With $3 Billion Contractor Support Fund

3 Jul 2026, 08:30 GMT

[This Day] Shell Nigeria Exploration and Production Company Ltd (SNEPCo) yesterday took a major step towards empowering Nigerian oil and gas contractors and furrher growing local content with the launch of a $3-billion Contract Finance Facility in partnership with nine major Nigerian banks.