The Nigerian oil and gas sector has experienced a strong bullish trend, driven by impressive performances from individual stocks.
The industrial goods sector faced a challenging August, ending the month with a significant decline of 13% month-to-date.
President Bola Tinubu is set to inaugurate three vital gas infrastructure projects carried out by the Nigerian National Petroleum Company Limited (NNPCL) and its partners.
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil from the Niger Delta region, on the condition that they accept responsibility for oil spills and finance the cleanup efforts.
The Nigerian Exchange (NGX) Limited All-Share Index (ASI), rose by 45.9% to close at 74,773.77 points on Friday, December 29, 2023, from 51,251.06 points in 2022.
Global management consulting company, McKinsey and Company has said that fossil fuel (oil and gas) demand will peak before 2030.
The Nigerian Upstream Petroleum Regulatory Commission has issued seven new regulations for the oil and gas industry to promote effectiveness and clarity in operations.
Dr. Ngozi Okonjo Iweala says that oil and gas are no longer enough to sustain Nigeria's economy.
Oil and gas will play a long-term role in Africa's electricity mix and the focus should be on reducing emissions as opposed to cutting off energy access due to the source(s).
Asset portfolio diversification is an important step toward sustained growth and is more feasible for resource-rich countries to achieve than traditional export diversification
Tony Elumelu believes tech, monitoring, and transparency can turn the fortunes of the Nigerian oil and gas sector.
The numbers agree with his assertion, as Nigeria’s crude production continues to decline according to the latest reports.
