Nigeria’s oil sector turns ghost town as FDI vanishes
Nigeria’s oil sector is a shadow of its bustling self as foreign direct investment (FDI) plummets from billions of dollars...
- Saturday, June 20, 2026
BusinessDay
Nigeria’s oil sector is a shadow of its bustling self as foreign direct investment (FDI) plummets from billions of dollars...
Africa’s richest man, Aliko Dangote, has raised concerns about the lack of new refineries on the continent, attributing it to...
… Nigeria need $25bn annually- Avuru Once a vibrant hub for foreign investment, Nigeria’s oil sector has undergone a dramatic...
Nigeria’s vast oil reserves, estimated at 37 billion barrels, the largest in sub-Saharan Africa, should be a magnet for investors...
Austin Avuru, executive chairman of AA Holdings has said Nigeria’s oil sector is facing a significant challenge, not from oil...
Nigeria requires $25 billion annually to stabilize its oil production at 2 million barrels per day (bpd), according to industry...
Pressure from President Bola Tinubu, following two high-level visits from ExxonMobil’s top shots, has cleared the hurdle in the path...
ExxonMobil is reducing its presence in Africa’s biggest oil-producing country, shrinking its office space and scaling back operations in the...
A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by Shell Petroleum Development...
Nigeria’s natural gas sector has emerged as a beacon of hope during the inaugural year of President Bola Tinubu’s administration...