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Petrobras eyes return to Nigeria in boost for Africa’s oil and gas

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Oil drilling rig Photo Marian Lupan @ Unsplash
Oil drilling rig Photo Marian Lupan @ Unsplash

Ahmed Boulor

Ahmed Boulor is a Nigerian journalist who is versed in covering content regarding political economy, business, tech and energy markets
  • Petrobras plans to re-enter Nigeria’s energy sector after five years away
  • Move could boost foreign investment, FX inflows and investor sentiment.

 

ABUJA, NIGERIA – Brazilian state-controlled oil giant Petrobras is preparing to return to Nigeria, signalling renewed confidence in Africa’s biggest oil producer and raising hopes of fresh capital inflows.

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