Tag: President Bola Tinubu

Nigeria’s accelerating momentum in revitalizing its oil and gas industry under President Bola Tinubu’s administration. Over the past year, targeted reforms have driven significant production increases, restored investor confidence, and positioned indigenous operators at the forefront of the nation’s hydrocarbon resources. Indigenous companies now oversee assets accounting for more than half of Nigeria’s oil output, […]

In a significant policy shift for Nigeria’s power sector, the federal government will no longer exclusively finance electricity subsidies starting in 2026. This change, announced by Tanimu Yakubu, Director-General of the Budget Office of the Federation, on February 2, 2026, in Abuja during a workshop on the 2026 federal budget preparation, follows a directive from […]

The Nigerian Ports Authority (NPA) and Abu Dhabi Ports Group are intensifying discussions to bolster Nigeria’s role as West Africa’s premier trade gateway. This follows the recent momentum from President Bola Ahmed Tinubu’s visit to the UAE, where both nations signed a landmark Comprehensive Economic Partnership Agreement (CEPA) during Abu Dhabi Sustainability Week in mid-January […]

Shell PLC Chief Executive Wael Sawan has publicly commended President Bola Tinubu’s administration for fostering the stable and professional investment environment that has unlocked Shell’s major renewed commitment to Nigeria, including a potential landmark $20 billion investment in the Bonga South West deepwater project—the largest single energy FDI in Africa in decades. During a high-level […]

In a significant diplomatic development, Nigerian President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil company, Petrobras, to Nigeria. This move marks a pivotal step in revitalizing bilateral relations between the two nations. Petrobras had previously suspended its joint venture operations in Nigeria five years ago but is now poised to re-enter, […]