Nigeria’s $58.4bn Oil Projects Face New Setback   The twin shocks of the coronavirus pandemic and an oil price war pose a new threat to big-ticket projects in Nigeria as international oil companies consider cutting capital spending this year. The plunge in crude oil prices looks set...

Non-passage Of PIB , Regulations Stall About $100bn Oil Projects   With drawbacks in the passage of the Petroleum Industry Bill (PIB), as well as various unfavourable fiscal and regulatory frameworks, stakeholders have estimated $100 billion worth of projects awaiting final investment decisions in Nigeria’s oil...

Oil Projects In Nigeria Face Increasing Difficulties, NNPC Reveals   The Nigerian National Petroleum Corporation said on Monday that it had become increasingly difficult to make investment decisions in oil and gas projects in Nigeria. The Group Managing Director of NNPC, Mr Mele Kyari, said issues associated...