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Trans Forcados pipeline repair raises hope of improved banks’ earnings
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 of some bank loans that …
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