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Nigerian Oil Company To Raise $400-Million For African Expansion

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AFRICANGLOBE - Nigerian oil company Japaul Oil & Maritime Services plan to raise $400-million to $500-million this year to allow the company to expand its offshore business in Africa. Japaul is studying loans, bonds, stocks or a combination of all three to raise money after appointing a consulting firm a month ago, chief executive Jegede Paul said in Lagos.
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