Nigeria's leading finance and market intelligence news report.

Nigeria risks losing from $50bn IOCs’ spend on lack of reforms

International Oil Companies (IOCs) projected spend of about $50 billion on capital projects in Africa on new oil discoveries has presented them with abundant options, hence only countries with competitive systems will attract investments, experts say. Analysts at WoodMackenzie, an oil sector intelligence firm, say capital spend on the continent has fallen to around $14…

Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Get real time updates directly on you device, subscribe now.

Comments are closed.