The Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ekwe Ibas, has announced the appointment of the new Secretary to the Rivers State Government (SSG), Professor Ibibia Lucky Worika. In a statement from Government House on Tuesday morning, Ibas said the appointment followed careful consideration of Worika's credentials, extensive experience, and performance during a rigorous…

The Chairman of the International Law Association (ILA), Dr Tolu Aderemi, has shed light on how Nigeria can take advantage of the Russia-Ukraine crisis and play a lead role in the liquefied natural gas (LNG) market.

Oil prices, yesterday, continued their downward trajectory as Brent dropped to about $68 per barrel, even as Africa is intensifying diplomatic efforts to secure investment and policy support from the United States amid growing concerns over the future of its energy sector.  

Belgium has raised concerns over the potential loss of a significant portion of its petroleum products exports to Nigeria as President Bola Tinubu, yesterday, in Abuja, intensified efforts to attract energy investors and expand domestic refining capacity.

Global energy research body, Wood Mackenzie, has said Brent crude oil prices will average $73 per barrel this year, about $2 below Nigeria's ambitious $75 per barrel projection in the 2025 budget which faces serious revenue crisis.

The Chairman, Board of Governors of the Organisation of the Petroleum Exporting Countries (OPEC), Ademola Adeyemi-Bero, has said Nigeria should be producing up to four million barrels of oil per day considering its reserves and resource base.

The Organisation of Petroleum Exporting Countries (OPEC), says Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. The country for the first time, met the OPEC production quota of 1.5 million bpd since it was set for the 2024 period at OPEC’s ministerial meeting in November…

Iranian President Masoud Pezeshkian on Thursday urged the members of the Organisation of the Petroleum Exporting Countries (OPEC) to unite and consistently prevent the U.S. from pressuring any of them. “The OPEC members should act in a way so that their measures do not harm another member. “I believe that if the OPEC members act…

An OPEC+ panel on Monday reaffirmed the oil cartel's plan to gradually hike output starting from April, after US President Donald Trump called for lower prices.

Exactly 34 days after President Bola Ahmed Tinubu presented Nigeria’s 2025 Appropriation Bill (on December 18, 2024) to the joint session of the National Assembly, Donald J. Trump was inaugurated as the 47th President of the United States of America.

Amid unprecedented global uncertainty and rising protectionism, the ongoing World Economic Forum (WEF) yearly meeting has emphasised the urgent need for an open, inclusive global economy and strengthened international cooperation to address economic challenges and ensure a sustainable recovery.  

Oil prices climbed above $81 per barrel yesterday, following the release of the latest Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC) and projections by Energy Information Administration