Nigeria's Energy Sector Boosts with New Discoveries

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded11 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2197717

Show notes

Nigerias energy sector poised for significant boost with potential new oil and gas discoveries, estimated to unlock 1.7 billion barrels of oil and 7.7 trillion cubic feet of natural gas. Major investment decisions made for Bonga North, Ubeta Gas, and HI Gas projects, with Shell leading two. National oil company aims to increase daily oil production to 2 million barrels within two years, then to 3 million by 2030. However, oil theft and pipeline vandalism have resulted in a staggering loss of $300 billion, hampering investment and production.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.