Nigeria to spend $59bn on oil/gas projects in 7 years

Lagos — Nigeria is expected to spend US$59 billion as capital expenditure or capex on upstream oil and gas projects between 2018 and 2025, according to figures from GlobalData, a leading data and analytics company. The company’s report, ‘H2 2018 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Sub-Saharan’, showed that Nigeria accounts … More »