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Jan 30 • 4 tweets • 6 min read
A thread on how: Nigeria’s oil bid process leaves investors in doubt

Sixteen years after the last bid for big oilfields, Nigeria is offering seven deepwater offshore blocks to investors but...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday Image
old problems involving regulatory concerns have investors worried.

It is the first bid round since the passage of the Petroleum Industry Act (PIA) – a law that Nigeria is yet to fully implement its ...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
provisions or develop enough regulations to form a coherent policy.

The proposed 2023 mini-bid round aimed at spurring new exploration and drilling activities in Nigeria’s deepwater is coming at a time

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
when multinationals are abandoning oilfields in onshore and shallow-water areas of the Niger Delta.

Read more on this article here

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
businessday.ng/energy/oilandg…

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More from @BusinessDayNg

BusinessDayNG Profile picture
Feb 2
A thread on how:Starlink’s internet speed rattles competition

Starlink, a satellite internet provider that went live in Nigeria on Monday, has left many subscribers who can afford it excited over its super speed capability.

#starlink #internet #elonmusk #data #businessday Image
Starlink hardware and shipping comes at a cost of N276,000 ($600). The monthly subscription is pegged at N19,780 ($43) making it the most expensive internet service in the country.

#starlink #internet #elonmusk #data #businessday
But many Nigerians, especially entrepreneurs, and businesses may be driven more by the speed than the high cost. Starlink says Nigeria is the first African country where the service is going live.

#starlink #internet #elonmusk #data #businessday
Read 4 tweets
BusinessDayNG Profile picture
Jan 31
A thread

Do you have the new naira in your area?
Which note is most common?
Are you likely to hoard the new naira?
Read 4 tweets
BusinessDayNG Profile picture
Aug 8, 2022
A thread on Buhari’s resilient food supply chain claim conflicts with reality

President Muhammadu Buhari, in a tweet on July 15, said the seven years of investments and policies of his administration towards attaining food security had made the country better prepared to cope...
with the inevitable agricultural supply chain disruptions occasioned by COVID-19 and the Russia-Ukraine war.
Existing evidence, however, does not suggest that the President’s claim is true as the country’s food supply chain is not better prepared to cope with the disruptions caused by the pandemic and the Russian-Ukraine war.
Read 4 tweets
BusinessDayNG Profile picture
Feb 22, 2021
Tweet Thread

At no point in its 60-year history has Nigeria’s economy expanded slower than its population for a longer period than between 2015 and 2020, an indictment on President @MBuhari who has led the country in that time.

businessday.ng/exclusives/art…
2/7 With data from the National Bureau of Statistics (NBS) showing a 1.9 percent GDP contraction in 2020, it means Africa’s largest economy has now failed to match its average population growth rate of 2.6 percent for six years.

businessday.ng/exclusives/art…
3/7 @MBuhari promised to bring wide sweeping reforms to an economy that gorged itself on petrodollars for years, while reducing poverty and creating jobs but the numbers suggest he has done the exact opposite.

businessday.ng/exclusives/art…
Read 7 tweets
BusinessDayNG Profile picture
Apr 22, 2020
On healthcare financing;

"A sustainable solution is to have an NHS scheme that works & one of the areas of concern is the low level of expertise in the healthcare system" says Uche Orji, CEO @nsia_nigeria at the 3rd BusinessDay Digital Dialogue Series

#Digitaldialogueseries
"Nigeria is yet to get a better value for the little it has spent on its healthcare system and this is due to the weak primary health care system." - Tope Adeniyi, CEO @AXAMansard Health Insurance

#DigitalDialogueseries
"Nigeria needs to have a legislation that will make health insurance mandatory and make NHIS to be able to work effectively and also regulate other operators to deliver what is expected" - Tope Adeniyi, CEO @AXAMansard Health Insurance

#DigitalDialogueseries
Read 6 tweets
BusinessDayNG Profile picture
Oct 21, 2019
Minister of Finance, Zainab Ahmed will deliver the keynote address at the BusinessDay Investing & Capital Markets Conference coming up Oct 31.

The conference aims to bridge the knowledge gaps around the public investing ecosystem in Nigeria.

Register👉 bit.ly/2P5HXK3
@ZShamsuna @nsenigeria @BanwoIghodalo @SankoreInvests @MyFCMB @titiOAdeoye Meet some of the speakers lined up for #BDCapitalMarkets conference.

Tolu Osinibi, MD FCMB Capital Markets Ltd. He has over 20 years in investment banking, asset management & consulting experience in Nigeria & Europe. He joined FCMB Capital Markets as Head, Investment Banking.
Titi Odunfa Adeoye is the founder @SankoreInvests.

Her area of expertise is strategies for the creation, growth & preservation of individual or family wealth in Africa with a focus on "alternative" asset classes like Venture Capital, Real Estate & Agriculture.
#BDCapitalMarkets
Read 7 tweets

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