Nigeria's $50B Deep Offshore Bet: Tinubu Launches Landmark Reform as NGX Retreats and Osun Races to the Wire

President Tinubu approved a landmark $50 billion deep offshore oil reform to replace opaque project-by-project negotiations with a transparent rules-based framework, starting with the Bonga South West project. The NGX shed N1.17 trillion in profit-taking, and former Presidents Jonathan and Obasanjo called for a fundamental overhaul of Nigeria's democratic model at a Bauchi dialogue.

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Tinubu Approves $50B Deep Offshore Overhaul Tinubu signed off...