oil prices.
13 Sep
The Nigerian government might spend more to subsidise Premium Motor Spirit (PMS) as oil prices rose, yesterday, following predictions of tighter supply by the Organisation of Petroleum Exporting Countries (OPEC).
4 Jun
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
25 Apr
In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?
3 Apr
Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month.
Latest
1 day ago
President Bola Ahmed Tinubu, on Thursday, in Abuja expressed optimism about the prospects of increased investments from Shell Petroleum Development Company of Nigeria (SPDC), emphasising Nigeria’s long-term relationship with the company..
1 day ago
The Chief Medical Director, the University of Benin Teaching Hospital (UBTH), Prof Darlington Obaseki, has said cervical cancer represents a significant and pressing public health concern for adult females in Nigeria and other developing nations. Obaseki asserted while delivering the 296th Inaugural Lecture of the University of Benin (UNIBEN) entitled, "Microscopes, Milestones And The Maelstrom:…
1 day ago
The Transmission Company of Nigeria (TCN), Benin region on Saturday embarked on facilities expansion and upgrade at work centers in Edo, Delta, Ondo and Ekiti states aimed at expanding the grid for increased capacity and improved quantity of power transmission to the distribution companies in the areas. The TCN General Manager in the region, Engr.…
1 day ago
The Chairman of the House of Representatives committee on Insurance and Actuarian matters, Mr Ahmed Jaha Babawo has decried the appalling level of contribution of the insurance sector to Nigeria's gross domestic product (GDP).
1 day ago
The management of Tantita Security Services Limited has described as bizarre, and mischievous an accusation by the Nigerian Navy that the company is involved in illegal activities along the coastal areas of Ondo State. The Navy had issued a statement on Thursday on the arrest of a 77-meter long motor tanker for crude oil theft…
1 day ago
The President of the Nigeria Institute of Public Relations (NIPR), Dr. Ike Neliaku, has inaugurated two committees on the forthcoming first edition of the Nigeria National Spokespersons' Awards (NNSA) scheduled for March 2024. This is part of the historic deal with the Image Merchants Promotion Limited (IMPR) - publishers of PRNigeria, Economic Confidential, Spokespersons' Digest…
1 day ago
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has allayed the fear about artificial intelligence in communication and national security. Kashifu spoke at the 2023 Security and Emergency Management Awards (SAEMA) and Spokespersons’ Communication Awards (SCA); 29 awards were presented to eminent security personnel, agencies, public relations experts, public…
1 day ago
Manchester United went one step forward against Chelsea but have gone two steps back as they fell to an embarrassing 3-0 defeat against Bournemouth.
1 day ago
Nigerian government has said that the surge of military coups in the West African is fast becoming a threat to the democratic culture in the region.
1 day ago
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African leaders to create quality jobs for its teeming unemployed youths to stem the trend of brain-drain bedeviling the continent.