President Bola Tinubu has issued a new Executive Order designed to lower project costs, attract investment, and enhance revenues from oil and gas operations. The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream operators who deliver verifiable cost savings that meet defined industry benchmarks. In a statement, the Special Adviser to the President on …

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 …

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 …

Notwithstanding that one year is too short to assess a four-year tenure, President Bola Tinubu has shocked bookmakers with the huge and remarkable ground his solutionist administration has covered, showing unwavering commitment to fostering a conducive environment to long-term local and foreign investments. This vision is evidenced by a raft of bold reforms to make Nigeria a more attractive destination …