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Ahmed further noted that UTM was initially authorized to construct a facility with a capacity of 1.2 million tons per annum in 2019, but this was later enhanced to 2.8 million tons due to the rising demand for LNG in the market.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1670 and sell at N1680 on Saturday 7th September 2024, according to sources atBureau De Change (BDC).
This initiative aligns with Nigeria’s goal to utilize its proven gas reserves, which total 206 trillion cubic feet, a significant portion of which is currently flared or re-injected into wells..
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