Nigeria oil and gas investments
PIA Drove Nigeria’s 2024 Revenue to N50.88trn – Deputy Speaker
The Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, has attributed Nigeria’s impressive N50.88 trillion revenue generation in 2024 to the transformative impact of the Petroleum Industry Act (PIA), describing it as a game-changer for the country’s oil and gas sector. Kalu made this known while speaking at the General Counsel and Legal […]
$1.2bn Modular Refinery Investment Linked to NMDPRA Licensing – DAPPMAN
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for its strategic regulatory oversight, which it says has attracted over $1.2 billion in modular refinery investments since 2022. The association described the NMDPRA’s reforms as a major catalyst for stability, innovation, and investor […]
Nigeria Nets $8bn in Oil, Gas Deals – Tinubu Aide
In a significant milestone for Nigeria’s energy sector, the country has attracted over $8 billion in deepwater and gas project investments within the last year, according to the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen. Verheijen disclosed this while speaking at the 2025 Africa CEO Forum held in Abidjan, Côte d’Ivoire, where […]