{"id":13326,"date":"2017-05-18T11:59:35","date_gmt":"2017-05-18T10:59:35","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=13326"},"modified":"2017-05-18T11:59:35","modified_gmt":"2017-05-18T10:59:35","slug":"trans-forcados-pipeline-repair-raises-hope-of-improved-banks-earnings","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/trans-forcados-pipeline-repair-raises-hope-of-improved-banks-earnings\/","title":{"rendered":"Trans Forcados pipeline repair raises hope of improved banks’ earnings"},"content":{"rendered":"

The recent report that Shell Petroleum Development Company (SPDC) has started testing the Trans-Forcados crude export pipeline for a potential restart after months of repair is expected to have positive effects on banks’ earnings, according to analysts at Lagos-based CSL Stockbrokers Limited.<\/p>\n

The analysts noted that the resumption of production may result in a reclassification of some bank loans that had been previously classified as non-performing loans (NPLs) and consequently results in a reduction in the NPL ratio of the affected banks.<\/p>\n

Based on available data, FBN Holdings and Sterling Bank have a significant proportion of their non-performing loan portfolio from the upstream oil and gas sector, the report revealed.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Trans Forcados is owned by the Nigerian Petroleum Development Company (NPDC) and operated by SPDC.<\/p>\n

Trans Forcados is a major evacuation route for onshore oil production but it is a sitting duck for militants due to its design (onshore that is not buried under the ground).<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent report that Shell Petroleum Development Company (SPDC) has started testing the Trans-Forcados crude export pipeline for a potential restart after months of repair is expected to have positive effects on banks’ earnings, according to analysts at Lagos-based CSL Stockbrokers Limited. The analysts noted that the resumption of production may result in a reclassification …<\/p>\n","protected":false},"author":11,"featured_media":13328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[1888],"coauthors":[2392,2393],"class_list":["post-13326","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-trans-forcados-pipeline"],"yoast_head":"\nTrans Forcados pipeline repair raises hope of improved banks' earnings - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/trans-forcados-pipeline-repair-raises-hope-of-improved-banks-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trans Forcados pipeline repair raises hope of improved banks' earnings - National Wire\" \/>\n<meta property=\"og:description\" content=\"The recent report that Shell Petroleum Development Company (SPDC) has started testing the Trans-Forcados crude export pipeline for a potential restart after months of repair is expected to have positive effects on banks’ earnings, according to analysts at Lagos-based CSL Stockbrokers Limited. 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