OPEC
1 day ago
Petroleum product prices may rise significantly at filling stations in the coming weeks due to an increase in global oil prices following Iran’s recent attack on Israel.
11 Sep
Brent crude oil price has dropped below $70 per barrel for the first time since December 2021.
5 Sep
Amidst the confusion and anger currently trailing the unofficial increase in the price of petrol, it remains sad and unacceptable that Nigerians are subjected to agonising experiences at filling stations, spending hours, even days, in fuel queues, and sometimes returning home without getting the product to buy.
14 Aug
African Refiners and Distributors Association (ARDA), yesterday, said the continent must urgently harmonise sulfur content in petroleum products as sulfuric content in premium motor spirit (PMS) and diesel peaks at 10,000 parts per million (ppm) as against 10 ppm in developed countries.
13 Aug
There are conflicting figures of crude oil production in Nigeria for the month of July as the Organisation of Petroleum Exporting Countries (OPEC), yesterday, pegged the country’s output at 1.3 million barrels per day (bpd) against the 1.61 million bpd declared by the Nigerian Upstream Petroleum Regularly Commission (NUPRC).
6 Jun
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have set Nigeria’s crude oil production quota at 1.5 million barrels per day (mbpd) until December 2025. According to a report from CSL research, OPEC+ set the oil production quota for the country following a meeting held on June 2, 2024. CSL added that…
5 Jun
The country’s oil production in May increased by 50,000 barrels per day (bpd) to lift the output of the Organisation of Petroleum Exporting
4 Jun
Nigeria’s oil production in May increased by 50,000 per day (bpd) to lift the output of the Organisation of Petroleum Exporting Countries (OPEC) to 26.63 million bpd. Nigeria and Iraq both pumped 50,000 bpd above their April production as OPEC output increased by 145,000 bpd in May alone. Ahead of official data from OPEC, a…
3 Jun
Oil prices fell Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year.
3 Jun
Barring the last-minute return of Nigeria’s Port-Harcourt, Warri, and Kaduna refineries, the President Bola Tinubu administration may have to pay more subsidies on Premium Motor Spirit.
8 May
A coalition of civil society groups, yesterday, alleged that the involvement of ex-militants in oil economic management and distribution was partly responsible for the current fuel scarcity in the country, saying their contracts should be revoked.
25 Apr
National oil companies in Africa, financiers and global players, yesterday in Cape Town, South Africa moved to unlock barriers to existing oil and gas projects across the continent amid a $1.5 trillion investment portfolio.
Latest
24 mins ago
Mikel Arteta says title-chasing Arsenal have had to be "different" while captain Martin Odegaard is sidelined by an ankle problem. Odegaard has missed Arsenal's last six games with the injury he suffered playing for Norway last month, an absence that has forced Arteta to change his plans. Arteta said on Friday that the midfielder was…
29 mins ago
From the Deputy Speaker of the House of Representatives, Rt Hon. Benjamin Okezie Kalu gave assurances that the Southeast region has great potential to drive national and economic development. Kalu, in a goodwill message at the launch of the 5th Expanded National MSME Clinic in Enugu State by Vice President Kashim Shettima, remarked that the…
44 mins ago
The All Progressives Congress (APC) has officially released the timetable for the 2024 Rivers State Elective Congresses, set to commence on November 2. he APC National Organising Secretary, Malam Suleiman Argungu, who gave the announcement in a statement in Abuja on Friday, added that aspirants for the chairmanship and vice chairmanship positions will be required…
51 mins ago
Manchester United co-owner Jim Ratcliffe refused to guarantee Erik ten Hag's future at Old Trafford as he admitted the club is not "where it should be" under the troubled boss. Ratcliffe had a chance to quash reports that Ten Hag is in danger of the sack when he spoke ahead of United's crucial Premier League…
58 mins ago
President Joe Biden said Friday he was not confident the US election in November would be peaceful, citing incendiary comments by Republican contender Donald Trump, who still rejects his 2020 defeat. Biden's warning came with lawmakers and analysts voicing concern over increasingly bellicose campaign language ahead of the vote. Trump -- who survived an assassination…
1 hour ago
Senior Advocate of Nigeria (SAN), Femi Falana, on Friday wrote a letter to the police authorities regarding the upcoming local government election scheduled for Saturday, October 5, 2024, in Rivers State. The letter comes amid ongoing tensions between the Rivers State Government and the police, with the latter indicating it would not provide security…
1 hour ago
Struggling with infertility due to medical conditions can be emotionally challenging for couples. In Nigeria, the burden is further intensified by societal, cultural, and religious expectations. However, fertility clinics bring hope and relief, offering solutions that help couples become parents. Through their success stories, many fertility clinics have shattered misconceptions surrounding infertility. By providing state-of-the-art…
1 hour ago
The Nigeria Police Force has categorically denied allegations made by the Rivers State Governor, Siminalayi Fubara, accusing the force of being used to destabilise the state. In a statement released by the police spokesperson, ACP Muyiwa Adejobi, it was clarified that the NPF is legally barred from participating in the Rivers State elections due to…
1 hour ago
Nigeria’s former Ambassador to The Philippines, Dr. Yemi Farounbi, has said that President Bola Tinubu of today differs significantly from the leader he knew during their activism in the pro-democracy group, the National Democratic Coalition (NADECO). Farounbi raised concerns about the frequent policy changes under the Tinubu administration, which he believes hinder businesses and ordinary…
1 hour ago
The Central Bank of Nigeria (CBN) has announced that it sold a total of $543.5 million at rates ranging from N1,540 to N1,580 to authorised dealer banks between September 6 and September 30, 2024. This figure is equivalent to N844.92 billion. The CBN disclosed this information in a statement signed by Omolara Duke, Director of…