Despite the challenges of COVID-19, the oil and gas industry remains the nation’s major revenue earner. The coronavirus pandemic disrupted social and economic life, rendering
The Organisation of Petroleum Exporting Countries (OPEC) has projected 6.2 million barrel per day (bpd) growth in oil demand in 2021. The OPEC Secretary General,
Poor financing of oil and gas projects by banks may continue to impair Nigeria’s desire to attain 40 billion barrels oil reserve target and investment.
The country’s revenue from oil and gas dropped by N425.52bn in the first quarter of 2020 to N940.91bn, Minister of Finance, Budget and National Planning,
The Nigeria Extractive Industries Transparency Initiatives (NEITI) said Nigeria earned a total of 32.63 billion dollars from the oil and gas sector in 2018. NEITI