NNPC ON THE VERGE OF DISCOVERING OIL IN THE LAKE CHAD BASIN

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Nigeria’s state-run oil firm said the West African nation is on the brink of unearthing major oil reserves in the Lake Chad area, after many years of unfruitful exploration. Speaking in Lagos over the weekend, Emmanuel Ibe Kachikwu, chief of Nigerian National Petroleum Corp., said the firm is also projecting an inflow of $20 billion next year, which would allow the company to fund major projects, according to Nigeria’s Vanguard newspaper

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