FG: Nigeria Attracted over $8bn in Deepwater Oil, Gas FIDs in Less Than One Year
Verheijen laments projected fall in Africa’s upstream capital from $340bn to $130bn Says indigenous firms’ equity in Nigeria’s gas assets now 83% Local oil service providers jostle for contracts in shell’s $5bn Bonga project Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The federal government has disclosed
that Nigeria attracted over $8 billion in deepwater oil and gas Final Investment Decisions (FIDs) in less than one year, underscoring recent
presidential actions to remove the existing bottlenecks in the sector. Speaking at the just concluded 2025 Africa CEO Forum in Abidjan,
Côte d’Ivoire, the Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, explained that Nigeria has recently focused on improved
fiscal terms, streamlined contracting timelines and greater clarity to local content rules. A statement signed yesterday by
the Team Lead, Communications, Office of the Special Adviser to the Continued on page 9
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First Bank’s Attempt to Get Stay of Execution against GHL’s Third Victory Dismissed Alex Enumah in Abuja
L-R: Consul General of Lebanon in Lagos, Mr. Jimmy Zakhia; Consul General of China in Lagos, Ms. Yan Yuqing; Consul General of Sierra Leone in Lagos, Ms. Beatrice Kallay; Governor of Lagos State, Mr. Babajide Sanwo-Olu; and First Lady, Dr. (Mrs.) Ibijoke Sanwo-Olu, with members of the Consular Corps to Nigeria resident in Lagos, during a diplomatic dinner in honour of the Governor at Vertigo Hotel, Victoria Island… Tuesday
Move by First Bank of Nigeria (FBN) Limited challenging the victory of General Hydrocarbon Limited (GHL), has failed, following the dismissal of its suit by a Federal High Court in Port Harcourt. Continued on page 9
South-east Caucus: We’ll Quit PDP If UdehOkoye is Not Returned National Secretary
Offers pathway to peace, unity, stability Mbah: South-east must stand together Wabara: We’ve been trampled upon too many times Udenwa: We don’t want to be taken for granted any longer Secretariat staff, management decry crisis, support governors’ position Chuks Okocha in Abuja The crisis plaguing the opposition Peoples Democratic Party(PDP) got messier yesterday, as the South-east caucus of the party threatened to quit en masse if its nominee, Hon. Sunday
Udeh-Okoye, was not returned as PDP National Secretary. That was as the management and staff of the PDP national secretariat expressed concern over the state of the Continued on page 9
AFRIMA 2025: AU Awards Host City Right to Lagos, Nigeria, Holds Nov 25-30... Page 33
Dangote Meets Trump in Doha...
President of Dangote Group, Alhaji Aliko Dangote (L) in handshake US President, Donald Trump. He was among dignitaries introduced to Trump by Emir of Qatar during Trump’s visit to Qatar … yesterday