• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, January 30, 2023
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Nigeria To Woo Investors At London Energy Conference

by Chika Izuora
5 days ago
in Business
Reading Time: 2 mins read
london energy
Share on WhatsAppShare on FacebookShare on TwitterTelegram

Minister of State for Petroleum Resources, Timpre Sylva, would be leading investment-focused dialogue during the Invest in African Energy Reception set to take place in London on January 26. 

With the Nigerian energy market on the precipice of another transformation on the back of diversification and market-driven policy implementation, the participation of Sylva is key for securing new capital for Nigeria’s rapidly growing market, while enabling new players and financiers to expand their footprint in one of Africa’s biggest oil producing countries.

Nigeria has emerged as one of the most attractive destinations for foreign investment owing largely to the signing into law of the Petroleum Industry Act(PIA) in 2021. 

london energy london energy london energy
ADVERTISEMENT

With the Act, having overhauled the country’s regulation and governance, addressing key growth inhibitors by prioritising transparency, procedural clarity and attractive fiscal terms for regional and international players, the Nigerian energy market is more enabling for business than ever, and the minister will showcase opportunities in the sector during the Invest in African Energy Reception in London.

The Act itself has already unlocked tangible benefits, with the country positioning itself as the biggest oil producer in Africa in 2023, despite a year of production declines owing to challenges associated with oil theft and reduced exploration. 

london energy london energy london energy
ADVERTISEMENT

With the state-owned company, the Nigerian National Petroleum Company Limited  identifying and shutting down an illegal pipeline responsible for the loss of up to 600,000 barrels per day (bpd) of crude oil, production has rapidly increased to approximately 1.2 million bpd in December 2022, setting the country up for an exciting year in 2023. 

RELATED

Nigeria To Benefit From $10.54bn Islamic Bank Fund For Agriculture

‘Africa’s Agricultural Output And Hit $1trn Annually By 2030’

55 mins ago
Digital Confab: Book On Pantami’s Strides Unveiled

Nigeria Data Protection Market Value Hits N5.5bn – Minister

1 hour ago

The country is more ambitious than ever when it comes to expanding the oil and gas market even further, with the government incentivizing E&P activity in a bid to boost production levels further. As such, opportunities for upstream players have opened up and minister Sylva will be making a strong case for hydrocarbon exploration during the reception in London.

Opportunities in the oil industry, over 200 trillion cubic feet (tcf) of proven natural gas reserves and opportunities to increase this figure to 600 tcf with advancements in exploration have positioned the country as the destination of choice for financiers and project developers from across the natural gas landscape. 

“The London event provides financiers and energy players with the unique opportunity to directly engage and connect with a leading government representative from the biggest oil producer in Africa, and the AEC is encouraging all of those interested in expanding their footprint in Africa to join us at this high-level event,” stated the executive chairman of the African Energy Chamber (AEC), NJ Ayuk.

 

SendShareTweetShare
Previous Post

Africa Plus Partners List N20.5bn Carbon Mitigation Fund On NGX

Next Post

Artificial Intelligence Will Not Replace Humans In Marketing Industry – Maduka

Chika Izuora

Chika Izuora

YOU MAY LIKE

Nigeria To Benefit From $10.54bn Islamic Bank Fund For Agriculture
Business

‘Africa’s Agricultural Output And Hit $1trn Annually By 2030’

55 mins ago
Digital Confab: Book On Pantami’s Strides Unveiled
Business

Nigeria Data Protection Market Value Hits N5.5bn – Minister

1 hour ago
Flour Mills Rewards Partners, Dealers, To Address Food Scarcity
Business

N5.5bn Debt: Supreme Court Affirms Honeywell’s Indebtedness To Ecobank

1 hour ago
Next Post
Artificial Intelligence Will Not Replace Humans In Marketing Industry – Maduka

Artificial Intelligence Will Not Replace Humans In Marketing Industry – Maduka

ADVERTISEMENT

LATEST UPDATES

YPP

Senatorial Race: I Am Not Fronting For Akpabio – YPP Candidate

January 30, 2023
Kwara Geographic Information Agency Generates N900m

Kwara To Offset LG Workers Salary Arrears With N1bn Sure-P Refunds

January 30, 2023
No Swap Deal With Terrorists To Release Hostages  – Military

Govt Determined To Clear N132bn Security Debarment Allowance – Irabor  

January 30, 2023
Court Dismisses Suit Seeking Tinubu’s Disqualification Over Same-faith Ticket

APC Takes Tinubu’s ‘Renewed Hope’ Manifesto To Nigerian Youths

January 30, 2023
NASENI’s Equipment Devt Institute For Commissioning February 4

NASENI Develops 150 Innovative Products, Says Vice Chairman

January 30, 2023
Public Officers Urged To Emulate Gambari

State House Will Lead Nigeria’s Energy Transition Plan – Gambari

January 30, 2023

Humanitarian Affairs Ministry Loses Director

January 30, 2023
FCTA Impounds, Crushes 240 Commercial Motorcycles, Vows To Sustain Policy

FCTA Arrests 47 Roadside PoS Operators 

January 30, 2023

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.