HomeTagsEnergy Sector

Tag: Energy Sector

Tinubu Orders Reduction in Oil Project Costs

Tinubu Orders Reduction in Oil Project Costs   President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by the Office of the Special...

Nigeria’s Energy Sector Secures $6.7bn Investment in 2024

Nigeria's Energy Sector Secures $6.7bn Investment in 2024   Nigeria's energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024’ released...

Stock Exchange: Energy Sector Records 3.6% Gain in One Week

Stock Exchange: Energy Sector Records 3.6% Gain in One Week   Over the last seven days, the Nigerian stock market has remained flat, although the energy sector gained 3.6% in that time. More promisingly, the market is up by 69% over the past year. Economic Confidential reports that...

Fed Govt Laments Rapid Drop In Oil, Gas Investments

Fed Govt Laments Rapid Drop In Oil, Gas Investments   Minister of State Petroleum Resources, Timipre Sylva, has decried the rapid drop in foreign investment flow to Nigeria’s oil and gas sector. He equally decried the speed at which Europe has been pushing back against investment in...