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Oil shift

How $6bn Local Investments Shift Oil Control to Nigerians

Oil shift

Nigeria’s oil and gas sector is witnessing a historic power shift as more than $6 billion in local investments have moved control of over half of oil production into the hands of indigenous companies, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, said the wave of investments, […]