Vanguard News
PIB: Nigeria remains best place to invest Expert
On
Kindly Share This Story:
Prof Wumi Iledare, a Professor of Petroleum Economics, says Nigeria remains best investment destination with effective fiscal framework in the proposed Petroleum Industry Bill (PIB)
Iledare disclosed this at an Education Series for Media on reforming the oil and gas sector in Nigeria, in Lagos, on Wednesday.
He said that the proposed PIB remained a varitable tool to ensure needed reform of the oil and gas sector in Nigeria.
READ ALSO:
He said that the time for government to make sacrifice for the sector to grow was now as the sector required huge investment to help transform the economy of the country.
Vanguard News
Oil export revenue declines 41%
On
By Obas Esiedesa
REVENUE from oil export fell by a whopping 41.44 percent to $2.033 billion in the first nine months of 2020, compared to $3.47 billion received in the corresponding period of 2019, data from the Nigerian National Petroleum Corporation, NNPC, has revealed.
NNPC had, in its September 2020 edition of the Monthly Financial and Operations Report (MFOR) disclosed that revenue from oil and gas export for the month of September, 2020, rose by 16 percent to $120.49 million.
But a closer look at previous months’ data contrasted with corresponding months’ figures in 2019 which shows a huge cumulative decline in revenue from oil export.