President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU (10702 Views)
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by PlasmaTV: 10:58am On Aug 26, 2025 |
helinues:Yeah, I agree with some of your points but it seems like when one fire is put out, another stars raging. Have you heard about the growing insecurity in Kwara state? It's becoming another Borno or Benue, with entire communities being displaced. As per inflation, it's reducing on paper but not particularly in market prices. Let's keep our fingers crossed and hope for the best. PS: I hope you can see that we the opposition don't hate Nigeria. We only hate bad leadership |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by helinues: 11:03am On Aug 26, 2025 |
PlasmaTV:Again, the price of foods are coming down. This one is not propaganda, go to the market and confirm. 2,000 tractors and 8,000 farming equipments was commissioned by president Tinubu some months ago which must have been distributed to states. The last export and import statistics, we exported more than we imported in the report. Yes the same our Nigeria. Regarding Kwara state, who are those who invited the terrorists into their area? They can't just come from nowhere and form a terrorist in a land they don't know anything about. That shouldn't concern the presidency per say as those involved should have been asking that question.. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by iwaeda: 11:03am On Aug 26, 2025*. Modified: 11:30am On Aug 26, 2025 |
Petrobas is not different from NNPCL, but better managed. Ask yourself why they left Nigeria. They can't compete. You want dollars to stabilise, let me laugh. Go and read PIA or PIB. Petrobras left Nigeria in 2020 after selling its assets in the country for $1.5 billion. The company's exit was driven by financial difficulties, an alleged domestic corruption scandal, and a strategic decision to simplify its global operations. [b]Brazil’s state-controlled oil company Petroleo Brasileiro SA has finalized the sale of its shares in Petrobras Oil & Gas B.V. (PO&GBV), the company producing oil in Nigerian oil assets, thereby ending its activities in Africa. The Brazilian state-controlled firm had 50 percent of the company, in a joint venture with BTG Pactual E&P B.V, and sold its shares to Canada’s Africa Oil Corp. for $1.45 billion. BTG, Brazil’s largest independent investment bank owns the other 50percent stake in Petrobras Africa, whose core assets are stakes in offshore fields that produce Nigerian oil grades Agbami, Egina and Akpo. According to a note released by Petrobras, the transaction “is in line with the optimization of the portfolio and the improvement in the company’s capital allocation, aiming at generating value for its shareholders.” The primary assets of Petrobras are an indirect 8 percent interest in Oil Mining Lease 127, which contains the producing Agbami Field with 250,000 barrels per day (bpd) capacity, operated by affiliates of Chevron Corporation, and an indirect 16 percent interest in OML 130, operated by affiliates of TOTAL S.A., which contains the producing Akpo and Egina fields. Akpo produces 130,000 barrels per day (bpd) of condensate, while Egina, which started last year, will produce roughly 200,000 bpd. Agbami, with 250,000 bpd of light, sweet crude, is the most prized part of the asset.[/b] In November last year, BusinessDay reported the sale of Petrobras Nigerian oil assets is not going according to plans after Petrobras, former partner, Africa Oil, said it would conclude the $1.5 billion purchase alone, but the company is scrambling for cash, a factor that may yet further delay the sale. ![]() |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by cucumbar: 11:11am On Aug 26, 2025 |
naptu2: |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by amaridigital(m): 11:31am On Aug 26, 2025 |
iwaeda:So we should shut down foreign investment in our Oil and Gas sector right? That's part of the 4x4 shop mentality of the Agulu Gbajue master who criticize without thinking. If we have other players in that industry won't the price come down?Petrobras had seen how Dangote did it. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by bdon123(m): 11:31am On Aug 26, 2025 |
helinues:Another noise without results |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Fiscus105(m): 11:35am On Aug 26, 2025*. Modified: 11:59am On Aug 26, 2025 |
iwaeda:Wen they come, won't Nigerians work there? Won't they come with their own dollars? Won't it add to foreign direct investment? When a man think myopically, just because he is bitter soul, such frustrated individual is dangerous to his immediate family. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by seunowa(f): 11:52am On Aug 26, 2025 |
drstranged:I will concur with you hundred percent. But even Gej, you mentioned, many office-holders in his tenure were corrupt. U see Peter obi will be pro-max of Gej.. I just love his policies and I hope, it brings good dividends to Nigeria. Tinubu and Atiku are corruption personified. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by merits(m): 11:53am On Aug 26, 2025 |
naptu2: |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by sreamsense: 12:01pm On Aug 26, 2025 |
Obidients and ipobs, you can see five areas where MoUs are signed with direct flight benefiting your man. Please, don't add number 6 MoU "illegal Drug Export" to Brazil and put us to shame. Let it remain just that 5, no need to go and add no 6 to paint them with drugs to put us to international ridicule, and then come out to insult Nigeria. Only hard working and true/honest business men that will represent Nigeria well among you should be allowed to travel down there. We don't want India, Indonesia, Cambodia etc to repeat itself in Brazil as you know they truly love Nigeria due to cultural ties among Yorubas and Brazilians; they have grown their cultural ties to world class standard. Don't go and spoilt it. Ooni and alaafin of Oyo are well respected there, don't cause problem for them that will make them see Nigerian as criminal. Be warned and be wise! |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by adicius: 12:23pm On Aug 26, 2025 |
Brazil are doing this because they never could understand Buhari or Jonathan. It's because Tinubu is a Yoruba man and Brazil have links to Yoruba ancestry. Hence why their president is forging forward with this special relationship. It is well. . |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Omenlon: 12:32pm On Aug 26, 2025 |
dibusnotion:eayaa, sorry, no bad news to wet your pant today. This news is for the progressive, so pack well. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Omenlon: 12:42pm On Aug 26, 2025 |
iwaeda:are you for real or you are just be sarcastic. Nigeria is big enough to accommodate them and many others that intend coming into our oil and gas industry, so rest. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Fujiyama: 12:44pm On Aug 26, 2025 |
Several MOU were signed between Nigeria and other countries in the 27 months since BAT got into office. Nigerians need to know what has come out of those agreements. What has been achieved so far? And what should Nigerians expect in the future? The breathless talk on this thread about 'fathers of modern Nigeria' is a distraction. Nigerians need to hear in plain language exactly what has come out of the MOU signed so far. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by iwaeda: 12:49pm On Aug 26, 2025 |
Petrobas left, sold its asset for $1.5bn amidst corruption scandal. Emotion has not allowed some people to reason. Most of you are blinded by politics. ![]() |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by LCling: 12:58pm On Aug 26, 2025 |
Naso it's good 👍👍👍 |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by 11doubledee: 1:05pm On Aug 26, 2025 |
naptu2: |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by commoditiesnig(m): 2:00pm On Aug 26, 2025 |
Welcome development! degamonn:You're right.. Stopover flights can be tiring! Especially having to stay long hours at airport. Doha airport long layover hours not funny at all. I almost missed flight enroute to Istanbul cos I was so tired staying long hours in airport Direct flight still the best! |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Kemetian: 2:32pm On Aug 26, 2025 |
See Keyamo face dey smile like Christmas goat. Nah the kind thing wey him dey like. 😊😊 |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Tochi3(m): 2:39pm On Aug 26, 2025 |
![]() ..FDL crew on over drive...the Abuja Media Parley..churning out Quantum amount of lies & deceit.. ![]()
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| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Mattswaggz: 3:26pm On Aug 26, 2025 |
helinues:BS as usual...all these kidnappings going on rampantly is in Mars right?. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Mattswaggz: 3:27pm On Aug 26, 2025 |
APCNig:Who asked you about what's happening in your camp?. |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Kewekubosineh: 3:41pm On Aug 26, 2025 |
abc115:Abeggi, which one is God bless Tinubu because he's performing his duties as president. Psychophancy is becoming ingrained in your blood. There is nothing special in what he's doing. Others will do better than him. Know this to have peace? |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Enice(m): 3:53pm On Aug 26, 2025 |
iwaeda:At least, they will bring dollars ![]() |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Skeyskey(f): 5:35pm On Aug 26, 2025 |
helinues:Is that All? Any other thing to vomit? |
| Re: President Tinubu Lauds Petrobras' Imminent Return As Nigeria & Brazil Sign 5 MOU by Dazzay(m): 7:01pm On Aug 26, 2025 |
helinues:Mention one or two things you have seen Tinubu achieved since he grabbed and ran away with someone's mandate? |
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is a distraction. Nigerians need to hear in plain language exactly what has come out of the MOU signed so far.