'Attracting New Investments Under PIA May Be Difficult'
Following the signing of the Petroleum Industry Bill by President Muhammadu Buhari, Fitch Solutions Country Risk & Industry Research has said attracting new oil and gas investment to Nigeria over other destinations is likely to be a...
$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari
Nigeria lost investments worth at least $50billion due to delayed passage of the Petroleum Industry Bill (PIB) in the last 10 years, President Muhammadu Buhari said yesterday.
He spoke at Aso Villa yesterday at a...
Foreign Investors’ Interest In Nigeria Drops By 27.5% In Q1, 2021
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments...
Investments In FG’s Treasury Bills Weaken, Sales Fall 19% To N1.35trn
Investors’ interest in the Federal Government’s monetary instrument, the Nigeria Treasury Bill (NTB) has recorded a significant decline with 19 per cent, year-on-year, YoY, decline in sales to N1.35 trillion in the first five...
$40bn Investments Needed for Nigeria’s Gas Plan - NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will require at least $40 billion in direct investments in basic infrastructure to achieve the federal government’s much talked-about about “Decade...
$40bn Investments Needed To Boost Power Supply In Nigeria - FG
The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an immediate funding of $40 billion in the generation, transmission and distribution value chain.
The government...
