Category : Search result: Nigeria oil investment


Kebbi Govt Downplays Insecurity, Woos Investors

Kebbi State Government assures investors of a stable environment for business, highlighting strong regulations and key sectors like energy and agriculture. Dr. Mohamed Kamba says insecurity is exaggerated.

UAE invests $6bn in Africa's tourism sector

The UAE announces a massive $6 billion investment plan for African tourism development, targeting aviation, infrastructure, and digital projects. Learn how this partnership aims to create thousands of jobs.

Trump Announces Naval Blockade Against Venezuela

US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

PENGASSAN warns of oil sector brain drain over low pay

PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.

Edo Land Revocation Sparks Investor Nightmare

The alleged revocation of Presco Plc's C of O by the Edo State government risks billions in agro-investments and 15,000+ jobs. Will political moves derail the state's economic growth? Read more.

NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms

NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.

Nigeria's Economy Grows 3.98% in Q3 2025

Nigeria's economy expanded by 3.98% in Q3 2025, with services and agriculture leading growth. The non-oil sector remains a key driver. Discover the full breakdown and what it means for the nation's economic outlook.

Nigeria's GDP Hits 3.98% in Q3 2025

Nigeria's economy expanded by 3.98% in Q3 2025, fueled by strong performances in Agriculture, ICT, and Finance. Get the full breakdown of the NBS report and what it means for the nation's growth trajectory.

Nigeria eyes $10bn from 50 oil blocks lease

Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.

TotalEnergies Sells Nigeria Offshore Stake to Chevron

French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.

OPEC+ Pauses Oil Output Hikes Until March 2026

OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.

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