Tag
OLU VERHEIJEN
Nigeria’s electricity tariffs are expected to rise in the coming months as the government works toward transitioning to a cost-efficient, cost-reflective pricing model.
The Federal Government has disclosed that Nigeria’s energy sector received a total investment of $6.7 billion in 2024....
Olu Verheijen, the special adviser to President Bola Tinubu on energy, has announced that so far Nigeria has attracted over $1 billion in investment in the oil and gas sector across different value chains.
The Federal Government has committed over $75 million towards the development of Compressed Natural Gas (CNG) infrastructure as part of efforts to promote cleaner energy across the country.
The country has seen no fresh investment from these IOCs in over a decade, with the last significant deepwater project being the $3.8 billion Egina FPSO project by TotalEnergies in 2013.
The Nigerian government is aiming to attract $5 to $10 billion in near-term investments for deep-water offshore operations...
The Presidency has announced the kickoff of a $550 million upstream gas project between Nigerian National Petroleum Corporation Ltd. (NNPCL) and TotalEnergies for the development of the Ubeta field.
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National Petroleum Corporation (NNPC), struggles to cover the gap between fixed pump prices and international fuel costs, according to six industry sources.
Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector
The Federal Government has made a firm commitment to bridging the metering gaps and solving the financial liquidity challenges in Nigeria’s power sector.
Olu Verheijen, the special adviser on energy to President Bola Tinubu, has stated that the recent oil and gas reforms by President Bola Tinubu are geared towards revamping the economy and improving revenue generation from the sector.
The federal government has revealed that the electricity companies in Nigeria are short of N2 trillion ($2.5 billion) in capital to revive the industry and provide a steady power supply nationwide.