The company responsible for storing the explosives that caused the explosion in Ibadan has been identified. Governor Seyi Makinde has promised to bring the culprits to justice and ensure the welfare of the victims.
An Emergency Operation Centre has been set up to oversee search and rescue efforts.
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Petrobras Returns to African Oil Market with Acquisition in Sao Tome and PrincipeBrazilian oil company Petrobras has purchased three exploration blocks in Sao Tome and Principe, signaling its reentry into the African oil and gas market. This move comes after the company sold its Nigerian assets three years ago. Petrobras' decision to exit Nigeria in 2020 was driven by financial difficulties and a strategic shift. However, the company has since recovered and is now prioritizing international growth.
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