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Petrobras returns to Africa, acquires blocks in Sao Tome and Principe
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Tinubu urges Petrobras return to drive economic growth

President Bola Tinubu on Monday called on Brazilian oil major Petrobras to resume operations in Nigeria, highlighting the company’s key role in harnessing the nation’s extensive gas reserves and boosting economic growth. Tinubu made the remarks after meeting with Brazilian President Luiz Inácio Lula da Silva at the Planalto Palace in Brasília, describing the Petrobras […]

News

Presidency defends Tinubu’s two-day official visit to Brazil

The Presidency on Sunday defended President Bola Tinubu’s two-day official visit to Brazil, scheduled for 24–25 August 2025. Addressing criticism of the trip on TVC’s Sunday Politics in Abuja, presidential spokesperson Sunday Dare described the visit as a strategic move to deepen Nigeria’s cooperation with Latin America’s largest economy and key BRICS member. Dare noted […]

Business

Tinubu hails NNPC, Sahara Group for driving Africa’s clean energy growth

President Bola Tinubu has praised the Nigerian National Petroleum Company Limited and Sahara Group for their commitment to strengthening Africa’s role in the global clean energy value chain. The commendation came on Monday at the unveiling of WAGL Energy Limited’s new 40,000-cubic-metre Liquefied Petroleum Gas vessel, MT Iyaloja (Lagos), in Ulsan, South Korea. Speaking through […]

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Tinubu appoints Opeyemi Agbaje as PENCOM chairman

President Bola Tinubu has named strategic policy analyst Opeyemi Agbaje as Chairman of the National Pension Commission. Mr. Agbaje disclosed his appointment in a statement to Peoples Gazette on Saturday. He said, “On Monday, August 11th, I received a call from the HMF/CME informing me of my appointment as Chairman of the National Pension Commission.’’ […]

News

Tinubu approves new welfare measures for DBS pensioners

President Bola Tinubu has approved a set of measures to boost the welfare of pensioners under the Defined Benefit Scheme. In a statement, the Head of Corporate Communications at the Pension Transitional Arrangement Directorate, Olugbenga Ajayi, described the move as a significant milestone in Nigeria’s pension reform journey. Ajayi noted that PTAD had earlier cleared […]

Business

Tinubu injects $1bn into Bank of Agriculture

President Bola Tinubu has approved the recapitalisation of the Bank of Agriculture with N1.5 trillion—about $1 billion—in what is being hailed as the most significant boost to agricultural financing in Nigeria’s history. The Federal Ministry of Agriculture announced the approval in a statement on Wednesday, describing it as a landmark intervention to strengthen the country’s […]

News

Tinubu signs Nigerian insurance reform act 2025 into law

President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act 2025 into law, marking the most comprehensive overhaul of Nigeria’s insurance regulatory framework in over two decades. The new law repeals the Insurance Act of 2003 and consolidates several outdated legislations into a modern, unified legal framework aimed at driving innovation, transparency, and […]

News

Tinubu moves to prevent disruption of NNPC-funded road projects

President Bola Tinubu has intervened in response to growing concerns over potential funding disruptions to key road projects under the NNPC Limited Tax Credit Scheme. To prevent delays and reassure stakeholders, the President has directed the continued implementation of the scheme and the prompt release of payments to contractors. Conveying the President’s stance during a […]

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Tinubu pledges bold reforms to boost agricultural, livestock export capabilities

Nigerian President Bola Tinubu announced plans to eliminate barriers stifling the country’s agricultural sector, including livestock production, to achieve food sovereignty and enhance export capabilities. The commitment was made during a bilateral meeting with Brazilian President Luiz Inácio Lula da Silva on the sidelines of the BRICS Summit in Rio de Janeiro on July 5, […]

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Nigeria was near bankruptcy when I took office — Tinubu

President Bola Tinubu has said his administration has pulled Nigeria’s economy back from the brink of collapse, assuring Nigerians in Saint Lucia that key reforms are helping to stabilise the country and restore investor confidence. Speaking during an interactive session with the Nigerian community, Tinubu said he inherited a nation that was nearly bankrupt when […]

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Tinubu signs four tax reform bills into law

President Bola Tinubu has signed four tax reform bills into law, marking what his administration calls a significant milestone in the effort to revamp Nigeria’s economic governance. The signing ceremony, held on Thursday at the Presidential Villa, was attended by Senate President Godswill Akpabio, House Speaker Tajudeen Abbas, key National Assembly leaders, the Minister of […]

News

Tinubu to sign four major tax reform bills Thursday

President Bola Tinubu will on Thursday sign into law four major tax reform bills aimed at overhauling Nigeria’s fiscal and revenue systems. The announcement was made on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement titled “President Tinubu signs four tax bills into law tomorrow.” The four […]

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