• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Despite Economic Headwinds, Nigeria’s Oil Sector Presents Huge Opportunities

by Chika Izuora
3 months ago
in Business
Nigeria’s Oil Sector Presents Huge Opportunities
Share on WhatsAppShare on FacebookShare on XTelegram

The managing director/CEO of 11PLC, Tunji Oyebanji, has outlined two critical areas presenting opportunities for growth and development in Nigeria’s oil and gas sector if properly administered in 2025 and beyond.

Advertisement

Oyebanji, speaking to shareholders at the company’s 47th Annual General Meeting in Abuja, highlighted the enormous growth trajectory in the nation’s hydrocarbon industry.

He listed the growth opportunities including the recent comprehensive deregulation of Nigeria’s downstream sector and the transition to a market-based gasoline pricing system, both of which could drive significant improvements in the sector.

“The commissioning of the Dangote Refinery, with a refining capacity of 650,000 barrels per day, exemplifies Nigeria’s industrial capabilities and represents development for the entire West African region. The restart of the Warri refinery and the commencement of operations by the Port Harcourt Refinery Company are also significant milestones,” the MD outlined.

Oyebanji posited that an increase in Nigeria’s crude oil production above 1.5 million barrels per day is a positive development, setting the stage to meet the 2 million barrels per day target set by President Bola Tinubu.

RELATED

NSC Holds Maritime Seminar For Judges

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

17 hours ago
Mixed Performance On Equities Expected This Week

Stock Market Investors Gain N12.47trn In July

17 hours ago

According to him, the NNPCL’s announcement that it is now producing 7.4 million standard cubic feet of gas to power the gas infrastructure is also noteworthy.

He noted that the efforts of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to create a favorable business environment and promote investment are expected to drive growth in the sector.

“11PLC’s commitment to innovation and customer satisfaction positions it for success in this growing sector “ Oyebanji pointed out

The MD informed the enthusiastic shareholders that the company’s business diversification, particularly in CNG infrastructure, has enabled it to maintain a competitive edge in the industry.

He stated that 11PLC’s collaboration with NIPCO Gas has been exceptionally successful, contributing significantly to the company’s growth and success.

“As the oil and gas sector continues to evolve, 11PLC remains committed to building upon its successes and exploring new growth opportunities. The company’s financial performance and commitment to innovation position it for long-term success,” he added.

According to him, the company’s commitment to sustainability and reducing its environmental footprint is evident in its business operations. He mentioned that 11PLC’s focus on gas development and utilization aligns with President Bola Tinubu’s drive to make gas a viable alternative energy source aside from fossil fuels.

Looking into the future, he said, the company’s financial performance and commitment to its employees and customers will continue to drive its success in the industry.

“With its strong management team and strategic direction, 11PLC is well-positioned to capitalize on emerging opportunities in the oil and gas sector,” Oyebanji asserted.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Oil Production
SendShareTweetShare
Previous Post

KEDCO Offers Kano Manufacturers Low Electricity Tariff To Boost Operations

Next Post

Rogues No Longer Have Access To Abia Funds – Otti

Chika Izuora

Chika Izuora

You May Like

NSC Holds Maritime Seminar For Judges
Business

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

2025/08/01
Mixed Performance On Equities Expected This Week
Business

Stock Market Investors Gain N12.47trn In July

2025/08/01
Disruptions Loom In Oil, Gas Sector Over Helicopter Landing Fee
Business

NAMA Conducts Simulation Exercise For Air Emergency Response At Abuja Airport

2025/08/01
Nigerians Groan As SIM Registration, Swap Halted Over NIMC System Migration
Business

SIM Registration: Telcos Resume NIN Verification Services For Subscribers

2025/08/01
NASD Elects Olayimikah Bolo As Chairman
Business

NASD Elects Olayimikah Bolo As Chairman

2025/08/01
MTN Allots Incentive Shares, As Trading Opens With N4bn Loss
Business

MTN Nigeria Adopts Customer-Centric Approach For Growth

2025/08/01
Leadership Conference advertisement

LATEST

‘I Don’t Identify With Nigeria Anymore, UK Now Home,’ Says Kemi Badenoch

PICTORIAL: Bianca Meets Ghana’s President Mahama Over Anti-Nigerian Protests

Dunamis Founder Enenche Speaks On ‘Blanket Of Evil’ Over Nigeria

2027: ADC Will Unseat Tinubu, Says Dino Melaye

‘I Follow Christ, Not Any Politician’, Dino Melaye Speaks On Loyalty To Atiku, Political Independence

JUST-IN: Nurses Adamant, Say Negotiators Can’t End Strike

Again, NPF, PSC Clash Over Police Academy Admissions

Bauchi Police Nab Varsity Student Over Alleged Theft Of Father’s Truck

NCSCN Honours Ogbara With Humanitarian Service Award

Tinubu Replaces Ganduje’s Ally Gawuna With Kaita As BUK Governing Council Chairman

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.