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Despite months of murmurs about International Oil Companies (IOCs) pulling out of Nigeria, the Presidency insists there's no looming exit. In a direct response to mounting speculation, the government clarifies that major oil firms remain committed to operating within the country, offering a firm counterpoint to growing investor anxiety.

According to Vanguard News, the Presidency has rejected claims that IOCs are exiting Nigeria, emphasising ongoing partnerships and future energy strategies.
  • Nigerian Presidency confirms IOCs are not leaving the country
  • The statement aims to counter rumours and reassure stakeholders and investors
  • Ongoing concerns stem from shifts in regulation, security, and energy policies
  • Focus is shifting to Nigeria’s gas reserves for energy transition
  • The government remains in active dialogue with international oil partners
With oil and gas still at the heart of Nigeria’s economy, clear messaging on continuity is key to keeping confidence intact.