OPEC
3 Oct
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
14 mins ago
Barring any last-minute change of plans, all is set for the 2023 gubernatorial candidate of the New Nigeria Peoples Party (NNPP) in Oyo State, Engineer Popoola Olukayode Joshua, popularly called POJ, to dump the party for the All Progressive Congress (APC). The former Federal Controller of Works in Lagos was until 2022, a member of…
15 mins ago
The Borno State Police Command has deployed over 3,000 personnel to secure churches and other places of worship during Christmas and New Year celebrations. Police Commissioner Mohammed Yusuf disclosed this over the weekend (Friday) during a meeting with the Northeast Christian Association of Nigeria (NCAN) Chairman, Bishop Mohammed Naga, in Maiduguri. According to him, the…
36 mins ago
Aliko Dangote has commended President Bola Tinubu for the positive impact of the naira-for-crude swap deal on the Nigerian economy. To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its refinery loading gantry and provided generous credit terms to marketers. Dangote commended President Tinubu…
47 mins ago
The 2023 presidential candidate of the Labour Party, Peter Obi, has expressed sadness over the recent deaths caused by stampedes while the victims were searching for food. A few days ago, about 35 people, mostly children, lost their lives in a stampede at a Christmas Funfair in Ibadan, Oyo State. In a post on X,…
52 mins ago
Human rights organisation, Amnesty International, has called on authorities in Nigeria to investigate the stampede in Ibadan Oyo State, and that of Okija, Anambra State, that led to the loss of lives. The Ibadan incident occurred at a Christmas funfair party on Wednesday. According to the Oyo State Police Command, 35 children died and six…
1 hour ago
About 10 people are feared dead, and several others injured on Saturday morning during a stampede at the Holy Trinity Catholic Church in Maitama, Abuja. The distribution of the food items has been suspended, while a combined team of police, military, and DSS officers was deployed to restore order and disperse the crowd. Meanwhile, the…
1 hour ago
The Akwa Ibom State government has alerted the public about a fraudulent link falsely promising a Christmas grant from Governor Umo Eno. The fake URL, (http://ikbitz.com/AKWA-25k), claims recipients will receive ₦25,000 after answering a series of questions. In a statement on Saturday, the governor’s spokesperson, Ekerete Udoh, dismissed the link as a scam designed to…
1 hour ago
No fewer than 20 people from the Okija community in Anambra State are reported to have died in a stampede that occurred during a Saturday morning rice distribution event. Sources indicate that the victims of the tragic incident were predominantly women. Videos circulating on social media show lifeless bodies sprawled on the ground, while others…
1 hour ago
Making ice cream at home is easier than you think. Not only is it simple, but homemade ice cream gives a rich and creamy taste that store-bought varieties can’t match. This Christmas, surprise your friends and family with a delightful homemade treat using this festive recipe for strawberry ice cream. Ingredients 2 cups whipping cream…
2 hours ago
The People’s Democratic Party (PDP) in Edo State has applauded the ruling of a high court sitting in Benin City, which granted the application to reinstate the chairmen and vice chairmen of the 18 local government areas, who the party said “were illegally and unconstitutionally suspended by the Edo State House of Assembly at the…