The majority of the natural gas reserves are located in the Niger Delta region of the country. It has been said over time that Nigeria is a gas province with drops of oil in it . Experts estimate the country's gas life expectancy at over 100 years. The Nigerian National Petroleum ...
Oil & GasFavor Akpan, News Writer-February 3, 2025 03, February 2025 Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of... NNPC, Marketers Spend Over N5.5 Trillion on Fuel Imports Amid Dan...
Nigeria's Gas Potential Virtually Limitless: Nigeria's Estimated Natural Gas Reserves Currently Stand at 159 Trillion Cubic Feet but So Far Only the Bonny Island Plant Is Making Use of This Bounty. the Scope for Expansion Is Therefore Almost Limitless...
Collapsible Collapsed Punch Headlines Today [Thu-06-Feb-2025] Zulum leads delegation to repatriate 7,790 refugees from Chad Tunisia president sacks finance minister Foreign investors eye Nigerias lithium reserves amid rising global demand Edo suspends Attorney-General, LG commission chair over alleged ...
Benedict Peters is the founder of Aiteo Group and also he is the CEO, Aiteo Group is a company that is based on the energy and the gas sector. He attended the University of Benin with a degree in Geography and Urban Planning, the company is not that popular to a common Nigeria but ...
Iran and Nigeria have large reserves of oil and gas and Nigeria is the sixth exporter of LNG in the world, the minister stressed. The Nigerian minister for his part emphasized that Iran and Nigeria have had a lot of bilateral cooperation under the framework of OPEC, JECF, and OPEC+ allianc...
Nigeria's oil and gas resources are very rich in 2006, proved reserves of 4.96 billion tons of oil remaining, according to current production, for approximately 45 years of continuous mining; 2006 proved natural gas reserves of 5.15 trillion cubic meters, ranking fifth in the world bit, Africa...
Nigeria has had successful initiatives in human development. Nevertheless, governance and accountability issues in many sectors remains a problem, with few benefitting from Nigeria's significant reserves of natural gas and oil. Poverty is an important challenge with nearly two-thirds of the population...
The world’s most prolific petroleum-producing tertiary deltas have been known to be Niger Delta basin (Selley 1997; Asubiojo and Okunuwadge 2016), with the reserves exceeding 34 billion barrels of oil and 93 trillion cubic feet of gas. The basin has been ranked 12th on hydrocarbon recoverabl...
Foreign exchange policies The CBN has announced a number of policies largely to prevent a rapid depletion of the foreign exchange reserves in consideration of the sharp downtrend in the oil price and consequently, export revenues. As soon as the oil price decline became evident in the third ...