Despite efforts by the government to attract more foreign investors into the oil and gas sector, the nation’s foreign capital investments in the industry nosedived from $720 million in 2016 to $3.64 million in the entire 2023. The country also recorded no foreign capital investment in the first quarter of 2024, a report by the National Bureau of Statistics (NBS) …

President Bola Tinubu has said that Nigeria would no longer settle for crumbs and leftovers on the investment agenda of the world’s most prolific energy conglomerates. Playing host to a delegation of global leadership of an oil and gas transnational giant, ExxonMobil, on Monday in New York, United States, the President said: “Nigeria has never been more ready for business …