Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    When Senator Balogun Visited Olunloyo, Oniroko's Widows

    When Senator Balogun Visited Olunloyo, Oniroko’s Widows

    Iresaadu Community Rejects Soun’s Town Hall Meeting

    Iresaadu Community Rejects Soun’s Town Hall Meeting

    Makinde Turning Oyo To 24-hour Economy -Ogundele, Hoteliers Association President

    Makinde Turning Oyo To 24-hour Economy -Ogundele, Hoteliers Association President (VIDEO)

    Oyo PDP Ward Chairmen Declare Support For Makinde

    2027: We’ll Follow Your Directives, Oyo PDP Ward Chairmen Tells Makinde

    REVEALED: Why Ganduje 'Resigned' As APC National Chairman •Some Tinubu Cabinet Members May Kiss Their Jobs Bye-Bye

    REVEALED: Why Ganduje ‘Resigned’ As APC National Chairman •Some Tinubu Cabinet Members May Kiss Their Jobs Bye

    Makinde Tasks Nigerians On Attitudinal Change Towards Politics, Governance

    Makinde Tasks Nigerians On Attitudinal Change Towards Politics, Governance

    Ganduje Resigns As APC National Chairman 

    Ganduje Resigns As APC National Chairman

  • Entertainment
    Liverpool Forward, Portuguese International Diogo Jota, Dies in Car Crash

    Portuguese Liverpool Forward, Diogo Jota, Dies in Car Crash

    Sanusi Becomes Sports Brand Ambassador In Malta

    Sanusi Becomes Sports Brand Ambassador In Malta

    Ilaji Holds Secondary School Basketball Competition

    Ilaji Holds Secondary School Basketball Competition

    My Life, My Trumpet -Ayomide Odunsi-IMO_TRUMP (SEE VIDEOS)

    INTERVIEW: My Life, My Trumpet -Ayomide Odunsi- IMO_TRUMP (SEE VIDEOS)

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice 

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Eedris Abdulkareem Reacts As FG Bans His Song, Tell Your Papa (WATCH VIDEO)

    Eedris Abdulkareem Reacts As FG Bans Song, Tell Your Papa (WATCH VIDEO)

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Sunday, July 6, 2025
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    When Senator Balogun Visited Olunloyo, Oniroko's Widows

    When Senator Balogun Visited Olunloyo, Oniroko’s Widows

    Iresaadu Community Rejects Soun’s Town Hall Meeting

    Iresaadu Community Rejects Soun’s Town Hall Meeting

    Makinde Turning Oyo To 24-hour Economy -Ogundele, Hoteliers Association President

    Makinde Turning Oyo To 24-hour Economy -Ogundele, Hoteliers Association President (VIDEO)

    Oyo PDP Ward Chairmen Declare Support For Makinde

    2027: We’ll Follow Your Directives, Oyo PDP Ward Chairmen Tells Makinde

    REVEALED: Why Ganduje 'Resigned' As APC National Chairman •Some Tinubu Cabinet Members May Kiss Their Jobs Bye-Bye

    REVEALED: Why Ganduje ‘Resigned’ As APC National Chairman •Some Tinubu Cabinet Members May Kiss Their Jobs Bye

    Makinde Tasks Nigerians On Attitudinal Change Towards Politics, Governance

    Makinde Tasks Nigerians On Attitudinal Change Towards Politics, Governance

    Ganduje Resigns As APC National Chairman 

    Ganduje Resigns As APC National Chairman

  • Entertainment
    Liverpool Forward, Portuguese International Diogo Jota, Dies in Car Crash

    Portuguese Liverpool Forward, Diogo Jota, Dies in Car Crash

    Sanusi Becomes Sports Brand Ambassador In Malta

    Sanusi Becomes Sports Brand Ambassador In Malta

    Ilaji Holds Secondary School Basketball Competition

    Ilaji Holds Secondary School Basketball Competition

    My Life, My Trumpet -Ayomide Odunsi-IMO_TRUMP (SEE VIDEOS)

    INTERVIEW: My Life, My Trumpet -Ayomide Odunsi- IMO_TRUMP (SEE VIDEOS)

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice 

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Eedris Abdulkareem Reacts As FG Bans His Song, Tell Your Papa (WATCH VIDEO)

    Eedris Abdulkareem Reacts As FG Bans Song, Tell Your Papa (WATCH VIDEO)

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business

Robust Regulatory Reforms Have Made Nigeria Investors’ Haven -NNPCL

Newscoven by Newscoven
March 13, 2025
in Business
Reading Time: 2 mins read
1 0
A A
0
Robust Regulatory Reforms Have Made Nigeria Investors' Haven -NNPCL

NNPCL Executive Vice President (Upstream), Mr. Udy Ntia (2nd from right), stressing a point while speaking at a Panel Session themed "Spotlight: Attracting Investment for Oil and Gas", during the on-going 2025 CERAWeek by S&P Global in Houston, Texas, United States, on Tuesday. From the left is the Panel Moderator; Managing Director of India's ONGC Videsh Ltd (OVL), Rajarshi Gupta; Chairman of Libya’s National Oil Corporation, Masoud Mahmoud and first right is the Deputy Director-General, Planning, China National Petroleum Corporation (CNPC), Pinxian Zhang.

2
SHARES
21
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

The Nigerian National Petroleum Company Limited (NNPCL) has declared that the various robust regulatory reforms and investment-friendly policies of the President Bola Tinubu administration have transformed Nigeria into an investors’ haven.

The national oil company, in a press release by its Chief Corporate Communications Officer, Olufemi Soneye, called on global investors to direct their attention to the Nigerian oil and gas sector.

NNPCL Executive Vice President, Upstream, Mr. Udy Ntia, stated these on Tuesday during a session with investors at the 2025 CERAWeek by S&P Global in Houston, Texas, United States.

Speaking on the theme: “Spotlight: Attracting Investment for Oil and Gas”, Ntia emphasised that Nigeria was well-positioned as a safe and attractive destination for investment.

RelatedPosts

Makinde Has Made Oyo New Economic Hub Of South-West -Works Commissioner

Productivity, Skill Acquisition, Entrepreneurial Development Key To Economic Prosperity -Makinde

McDons Hotel Boss, Akweke, Lauds Tinubu On PEAC/PFIPC Inauguration 

According to him, the country is currently expanding its oil and gas industry to meet rising global energy demand driven by geopolitical tensions and the energy policies of the US administration.

“For us in Nigeria, despite global energy security concerns, including those in Europe, we see significant opportunities.

“We have strategically positioned our assets to leverage the current strong price environment, which has remained favourable over the past two to three years. As al result, we anticipate substantial investment inflows into the sector,” he stated.

The NNPCL EVP listed some of the areas with huge investment opportunities in the country to include the refining and gas sub-sectors.

He stressed that Nigeria was keen on expanding it refining capacity to reduce dependency on imports, even as it is also interested in tapping into the nation’s vast gas reserves of about 207trillion cubic feet (TCF) to drive industrialisation and economic growth.

“Gas will play a critical role in Nigeria’s energy future. We are expanding our gas infrastructure in collaboration with partners such as Shell, ENI and Total.

“Our LNG Train 7 project is advancing, and we are investing in domestic pipeline networks to meet local energy demands,” he explained.

Ntia also disclosed that the Petroleum Industry Act 2021 and the series of Executive Orders signed by President Tinubu in 2023 have significantly liberalised the regulatory framework, offering incentives for cost recovery, royalty payments and profit-sharing mechanisms.

He disclosed that Nigeria recorded $16 billion to $17 billion in foreign investment inflows in 2024, following the implementation of these regulatory reforms.

He encouraged foreign investors, particularly from China and India, to explore the investment opportunities in Nigeria’s oil and gas sector.

Ntia cited the country’s large crude oil reserves (over 37 billion barrels) and flexible investment models, including joint ventures and production-sharing contracts.

“Nigeria offers a stable democracy, improved security and a business-friendly regulatory framework. We welcome investors from China, India and beyond to partner with us in unlocking the vast potential of Nigeria’s oil and gas sector,” Ntia concluded.

The session featured global industry leaders such as the Deputy Director-General, Planning, China National Petroleum Corporation (CNPC), Pinxian Zhang; Managing Director of ONGC Videsh Ltd (OVL), Rajarshi Gupta; and Chairman of Libya’s National Oil Corporation, Masoud Mahmoud.

CERAWeek is one of the largest energy conferences in the world, drawing thousands of foremost global energy industry experts and a host of other corporate and government leaders from around the world annually to Houston, United States, for a week-long conversation on the future of energy.

author avatar
Newscoven
See Full Bio
Tags: Investors' havenNigeriaNNPCLPresident Bola TinubuRegulatory Reforms
SendShare1Tweet1

Related Posts

How Makinde Made Oyo New Economic Hub Of South-West -Works Commissioner

Makinde Has Made Oyo New Economic Hub Of South-West -Works Commissioner

by Newscoven
July 6, 2025
0
5

Oyo State Commissioner for Public Works, Infrastructure and Transport, Hon. Abdulmojeed Olawale Mogbonjubola, has said the Governor ‘Seyi Makinde administration...

Productivity, Skill Acquisition, Entrepreneurial Development Key To Economic Prosperity -Makinde

Productivity, Skill Acquisition, Entrepreneurial Development Key To Economic Prosperity -Makinde

by Newscoven
July 6, 2025
0
11

Oyo State governor, 'Seyi Makinde, has restated that intensive production, skill acquisition, knowledge-based initiatives and development of entrepreneurs are the...

McDons Hotel Boss, Akweke, Lauds Tinubu On PEAC/PFIPC Inauguration

McDons Hotel Boss, Akweke, Lauds Tinubu On PEAC/PFIPC Inauguration 

by Newscoven
July 5, 2025
0
13

Chairman/CEO, McDons Skye Hotel, Owerri, Dr Modestus Akweke, has lauded President Bola Tinubu on the inauguration of the Presidential Economic...

ICT | Science | Technology

Telecoms Regulatory Reform: NCC Launches Maiden Regulatory Impact Assessment (RIA)

Telecoms Regulatory Reform: NCC Launches Maiden Regulatory Impact Assessment (RIA)

June 30, 2025
7
Digital Literacy: Edge Technologies Donates Computers To Schools In Ogbomoso

Digital Literacy: Edge Technologies Donates Computers To Schools In Ogbomoso

June 28, 2025
17
NCC, Stakeholders Confront Rural Connectivity Challenges

NCC, Stakeholders Confront Rural Connectivity Challenges

June 12, 2025
19
Expert Calls For Recognition Of Achievements Of Women Engineers

Expert Seeks Recognition Of Achievements Of Women Engineers

June 1, 2025
139
FG, Globacom, Huawei Bridge Digital Divide With Pilot Project In Abuja Village

FG, Globacom, Huawei Bridge Digital Divide With Pilot Project In Abuja Village

May 31, 2025
58
Prev Next

Health

Cholera: Nigeria Records 31,425 Suspected Cases, 816 Deaths In 7 Months •51% Males; 49% Females •Bauchi Worst Hit With 11,375 Cases

Cholera: Nigeria Records 31,425 Suspected Cases, 816 Deaths In 7 Months •51% Males; 49% Females •Bauchi Worst Hit With 11,375 Cases

August 11, 2021
366

Human Existence May End Sooner Than Projected -ACU VC

May 17, 2023
186

“Nigeria’ll Become Medical Tourism Destination”

January 18, 2023
239

Sinead Watson: I Regret Changing From Woman To Man, Back To Woman

May 4, 2024
770

Makinde Strengthens Heath Care In Oyo With N1.5bn    

June 9, 2021
360

7 Odd Things That Happen To Your Body When It’s Cold Outside

January 25, 2024
1
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • Interviews
  • Islam
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

How Makinde Made Oyo New Economic Hub Of South-West -Works Commissioner

Makinde Has Made Oyo New Economic Hub Of South-West -Works Commissioner

July 6, 2025
Human Trafficking: Police Rescue 19 Ghanaians In Oyo Community

Human Trafficking: Police Rescue 19 Ghanaians In Oyo Community

July 6, 2025
Productivity, Skill Acquisition, Entrepreneurial Development Key To Economic Prosperity -Makinde

Productivity, Skill Acquisition, Entrepreneurial Development Key To Economic Prosperity -Makinde

July 6, 2025

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.