By Tony Obiechina, Abuja The Ministry of Finance Incorporated (MOFI) has launched a N100bn project preparation fund to stimulate investments in Nigeria. The Managing Director/Chief Executive of MOFI, Mr Amstrong Takang disclosed this at the Public Wealth Management Conference in Abuja on Tuesday. The conference which was declared open by Vice President Kashim Shettima has
Chairman of Heirs Holdings Tony Elumelu on Wednesday said it is unthinkable that Nigerians are suffering despite the country being endowed with a lot of natural resources. The prevailing hardship, he said, should spur Nigerians to elect better leaders when the country goes to poll to elect its new leaders. Elumelu, the founder of Tony […]
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Chairman of Heirs Holdings Tony Elumelu has restated his commitment to delivering more to the Niger Delta region following the holdings’ unconditional acquisition of a 45 per cent participating interest in Nigerian oil licence OML 17 and related assets.
He stated this in a Twitter thread on Monday while speaking on the latest acquisition.
“TNOG Oil and Gas presents a historic, defining moment for Nigeria. It demonstrates renewed investor confidence in the Nigerian economy, reassures global investors of the nation’s untapped investment opportunities, and affirms our commitment to improve lives and transform Africa,” Mr Elumelu said.
“TNOG Oil and Gas OML17’s current production capacity is 27,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, combined with an additional 1 billion barrels of oil equivalent reserves of further exploration potential.