26/08/2025
Nigeria signals Petrobras could return amid strengthening Brazil ties
President Bola Tinubu of Nigeria has suggested that Brazilian oil company Petrobras (PETR3; PETR4), which left the nation five years ago, could return to Nigerian activities soon. Tinubu, during a joint news conference in Brasília with Brazilian President Luiz Inácio Lula da Silva, said the firm could be a partner again in Nigeria ?as soon as possible.? Petrobras started work in Nigeria in 1998, concentrating on deepwater developments in the Niger Delta. The company would later pull out to focus on investments in more local grounds, and the Nigerian oil and gas sector would have to learn to live without it....
