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NLNG shares

FG plans to sell at least five percent of its shares in the Nigerian Liquefied Natural gas.

It has emerged that the federal government is planning to sell at least five percent of its shares in the Nigeria Liquefied Natural Gas, NLNG limited.

Currently, the federal government owns forty five percent of the shares of the company and the ailing economy is forcing it to consider a sale.

However, sources in the presidency are saying a decision has not been finalized but even if the government would sell, it won’t be more than five percent of its shares.

Also, the government is reportedly willing to add the repurchase option in any deal to ensure that the federal government has a guaranteed opportunity to buy back such assets if circumstances changed anytime in the future.

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