Nigeria, Aug. 26 -- In a significant development for Nigeria's energy sector, President Bola Ahmed Tinubu announced the anticipated return of Petrobras Brazil's state-owned oil company, after a five-year hiatus from joint ventures in the country.

Speaking at a joint press conference in Brasilia during his state visit to Brazil, Tinubu expressed optimism, stating, "We have the largest gas repository. So I don't see why Petrobras doesn't join as a partner in Nigeria as soon as possible."

This announcement aligns with the signing of five Memoranda of Understanding (MoUs) aimed at enhancing trade, diplomacy, science, aviation, and finance cooperation between Nigeria and Brazil.

Tinubu praised President Lula's commitment to revitalizing the...