Oil Crash Boosting Nigeria’s Local Services Industry, Ladol Says

  • Nigeria too costly for IOCs not to use local hubs: Jadesimi
  • Ladol will consider listing as it seeks to invest $500 million

The crash in oil prices is forcing offshore producers in Nigeria to turn to local service providers to save costs, according to the head of Ladol, one the West African nation’s largest logistics hubs for the industry.

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