Tag: President Bola Tinubu

Nigeria’s fiscal outlook for 2026 faces significant challenges as Brent crude prices have dipped below the government’s benchmark of $64.85 per barrel, driven by expectations of heightened global oil supply following recent U.S.-Venezuela developments.   On January 7, Brent crude settled around $60 per barrel, with spot prices hovering near $60.50 as of today, reflecting […]

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, […]