gtag('config', 'G-4J8L8BEK7P');
Connect with us

Hi, what are you looking for?

Business

NIGERIA EARNS $1BN FROM SALES OF GAS TO PORTUGAL IN 2022

Nigeria has earned over $1 billion from the sale of natural gas to Portugal in 2022 alone.

The Group Managing Director, Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari said this when President Muhammadu Buhari led a high-level Nigerian business delegation to the Nigeria-Portugal Business & Trade Forum on the sidelines of the 2nd UN Ocean Conference in Portugal.

Kyari also said that Nigeria will in the next five years begin the massive exports of Liquefied Natural Gas to Portugal and other European countries.

Advertisement. Scroll to continue reading.

President Buhari and the President of Portugal, Marcelo Sousa led other top officials of both countries on a visit to the NNPC exhibition centre.

The visit was made at the sidelines of the Nigeria-Portugal Business Forum which is being organized as part of measures to unlock fresh investments in critical sectors of the Nigerian economy.

Some of the sectors being targeted by the government are oil and gas, agro-business, information and communication technology, manufacturing and processing, renewable, pharmaceuticals, and construction.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published.

In other news

National

The House of Representatives has resolved to set up an ad hoc committee to investigate all Joint Venture operations and Production Sharing Contracts in...

Featured

President Muhammadu Buhari, on Tuesday officially unveiled the Nigerian National Petroleum Company Limited and declared that the new entity was henceforth free from institutional...

Economy

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company (NNPC) Limited, a development that changes the oil firm from a wholly state-run...

National

The Federal Executive Council (FEC) has approved for Nigerian National Petroleum Corporation (NNPC Limited) to execute a Memorandum of Understanding (MoU) with the Economic...

Economy

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of enough fuel supply following the reappearance of queues at filling stations in Abuja. According...

Advertisement