Nigeria's leading finance and market intelligence news report.

Mozambique reaps investments as Nigeria drags on PIB passage

… Foreign direct investments touched $1.8bn in 2020

Mozambique is harvesting the gains of having clear legal and fiscal frameworks that drive transparency and attract foreign investors as Nigeria’s Petroleum Industry Bill’s journey to becoming a law remains uncertain several years after it was first initiated. Energy multinationals including Total, Mitsui, ONGC, PTTEP, Eni and ExxonMobil have already invested more than $20 billion…

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