Tag: oil sector

  • Oil Sector Loses 97% Foreign Investment

    Oil Sector Loses 97% Foreign Investment

    According to data sourced from the Nigerian Bureau of Statistics, the foreign investment inflows into Nigeria’s oil sector have dropped by 97 percent. NBS said this in its Nigerian Capital Importation Report for the second quarter of 2022 noting that the inflows of foreign investments into the oil and gas industry which stood at $68.6m…