Tinubu Declares a 'Historic' Agreement to Resolve the Protracted OPL 245 Dispute
A decades-long dispute over Oil Prospecting Licence (OPL) 245, one of Nigeria's most commercially significant deepwater oil blocks, was resolved, President Bola Tinubu announced on Thursday. According to the presidency, the deal opens the door for a development that might increase the nation's production capacity by almost 150,000 barrels per day. The president's administration described the deal as a "historic settlement" that would enable the exploitation of one of Nigeria's most strategically significant deepwater resources, although specifics were not disclosed.

