President Bola Tinubu has welcomed Shell and its partners’ announcement on Monday of the Final Investment Decision (FID) on the Bonga North deep offshore field. According to a Presidency statement, the landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas …

The Ogun State Governor, Dapo Abiodun, on Tuesday, said that his administration is on the verge of signing a $10m investment with a Moroccan firm in the next few weeks. The deal is for the by-product of palm oil in the state. Abiodun disclosed this when he received the Managing Director of the Nigerian Investment Promotion Commission, Aisha Rimi, alongside …

President Bola Tinubu as part of his global diplomatic shuttles to seek out more development opportunities for Nigeria through forging of partnerships with other nations, undertook a state visit to France. President Tinubu’s trip to France was the first State Visit by a Nigerian President to France in 24 years and it signalled an evolution of relations between Nigeria and …

President Bola Tinubu affirmed Nigeria’s strong commitment to enhancing cooperation in key sectors such as food security, energy, solid minerals, education, and defense during a high-profile meeting with President Emmanuel Macron at the prestigious Palais des L’Élysée on Thursday. At a joint press conference, President Tinubu highlighted the vast, yet largely untapped potential within Nigeria’s agricultural sector and beckoned international …

President Bola Tinubu has stated that his administration’s renewed focus in driving international and local investments into livestock sector of the agricultural value-chain will end the crisis of farmer-herder clashes, eradicate hunger and poverty in Nigeria as well as promote economic prosperity. President Tinubu said this Thursday in Rio de Janeiro , Brazil at the signing of a Letter of …

President Bola Tinubu has assured that his administration will continue prioritising the welfare of the poor and most vulnerable even as the economic reforms bear fruit. President Tinubu stated this on Wednesday night in Rio de Janeiro, Brazil, when the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, paid him a courtesy call on the sidelines of the …

The Managing Director and Trade Commissioner of the Japan External Trade Organisation, Takeshi Oku, has stated that Nigeria is still a destination for Japanese investment despite the harsh business terrain. Speaking on the sidelines of the opening ceremony of the Lagos International Trade Fair on Friday, Oku said some Japanese companies have a long history in the Nigerian market, adding …

The Federal Government has reiterated its commitment to ensuring a conducive operational environment for investors in the energy sector, with a specific focus on the oil industry. This assurance was made by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during a meeting with the President EP Total Energies, Mr Nicolas Terraz, in Abuja. A statement by …

President Bola Tinubu on Wednesday cautioned against the dire consequences of Africa’s long-standing profile as a supplier of raw minerals to countries of other continents. Extracting raw minerals in Africa, he said, has continued to keep the continent in a state of poverty, making it even more underdeveloped. The Nigerian leader made the observation while delivering his keynote address during …

The Federal Government and the United States of America have signed a Memorandum of Understanding on Commercial and Investment Partnership, marking a significant step in strengthening their economic ties. The agreement was signed on the sidelines of the 2024 AGOA Forum held in Washington DC by the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, and the U.S. Secretary …