OPEC
15 Oct 2023
Former Minister of Petroleum Resources, Diezani Allison-Madueke, may escape trial in the United Kingdom (UK) despite being charged for bribery by UK’s National Crime Agency (NCA).
4 Oct 2023
.Local crude output soars by 110,000bpd Nigeria has increased its crude oil output by about 110, 000 barrels per day, stabilising the global oil market and pushing the Organisation of Petroleum Exporting Countries (OPEC) output to 27.73 million barrels per day (bpd) in September. Nigeria and Iran in September, provided additional 120,000 barrels per day…
13 Sep 2023
Oil cuts by Saudi Arabia and Russia will cause a "significant" global supply shortfall through the end of the year, raising the risk of further market volatility, the International Energy Agency said Wednesday. The warning in the IEA's monthly market report comes a day after oil prices jumped following OPEC's own update showed that the…
13 Sep 2023
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).
7 Sep 2023
About $46 billion translating to N16.25 trillion was lost to crude oil theft between 2009 and 2020, Speaker of the House of Representatives, Tajudeen Abbas, said on Thursday. According to the speaker, the menace of crude oil theft has drastically hampered the growth of the country's oil production, with Nigeria losing between five to 30…
23 Aug 2023
Despite the push from fossil fuel due to net-zero concerns, Organisation of Petroleum Exporting Countries (OPEC) has said demand for the products would continue to power the transportation sector.
23 Aug 2023
A former Nigerian minister has been charged with bribery offences, following a National Crime Agency (NCA) investigation.
1 Aug 2023
The difficult times that most Nigerians are going through as a result of removal of subsidy on petrol, and the attendant inflation thrown up, calls not only for understanding by all, but also sacrifice by both the leaders and the followers.
12 Jul 2023
Federal Government, Nigerian National Petroleum Company Limited and others stakeholders in Abuja, yesterday, kicked back against push by Western countries for adoption of cleaner energy and end to fossil fuel.
4 Jul 2023
The latest revenues fact sheet of the Organisation of Petroleum Exporting Countries (OPEC), which revealed the figure, also projected that the country’s earnings would increase to about $29 billion in the same period 2024.
21 Jun 2023
A shocking headline in an online publication: “Naira slumps to N700/dollar as CBN floats currency, stops fixing exchange rates,” stirred my worry and alarm to pen this piece.
14 Jun 2023
Nigeria’s oil production edged slightly, last month, to regain its leading position in Africa, while, yesterday, the Organisation of Petroleum Exporting Countries (OPEC) pegged the country’s oil production in May at 1.2 million barrels.
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12 mins ago
Former governor of Imo State Emeka Ihedioha has left the Peoples Democratic Party (PDP) after 26 years. Ihedioha announced his exit from PDP in a Tuesday letter addressed to the party’s chairman in the Mbutu Ward of Aboh Mbaise Local Government Area of Imo State. According to him, the PDP has taken on a path…
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Kim Kardashian has reportedly lost over 100,000 followers on Instagram. This significant drop comes after the release of Taylor Swift’s new album, which includes a track that fans speculate is a diss aimed at Kardashian. The song in question, titled “thanK you aIMee,” is featured on Swift’s latest album “The Tortured Poets Department: The Anthology.”…
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In an interview on Justin LaBoy’s podcast “The Download,” Kanye West found himself at the center of controversy yet again due to his remarks about former First Lady Michelle Obama. During the interview, when asked about who we would want to have a “threesome” with, Kanye West replied, “Michelle Obama. Gotta f*ck the President’s wife!”…
1 hour ago
Britain's High Court agreed Tuesday to hear a legal challenge later this year over continued UK arms exports to Israel during its war against Hamas militants in Gaza. A coalition of legal advocacy groups wants the court to scrutinise the UK government's decision to keep selling military parts and arms to Israel despite claims that…
1 hour ago
Under a ceaseless storm of strikes in Gaza, a baby girl has survived insurmountable odds as the only member of her family left alive after she was delivered by Caesarian section as her mother lay dying. At just seven months pregnant, her mother, Sabreen al-Sakani, reached the emergency unit in critical condition after she was…
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American forces were targeted at a base in western Iraq, a US defense official said Tuesday, the second such attack on the country's troops after a more than two month pause. It followed another attack over the weekend in which rockets were fired from northern Iraq at a base in Syria that houses forces from…
2 hours ago
Nigeria's fastest man this year, Favour Ashe, will not be part of the 4x100m team competing at the World Athletics Relays in Nassau, Bahamas, which serves as a qualifying event for the Paris 2024 Olympics. This news is significant as the Athletics Federation of Nigeria (AFN) has not provided a reason for Ashe's omission despite…
2 hours ago
Gov. Nasir Idris of Kebbi has released N309.5 million for the payment of foreign scholarships to 86 indigenes studying in India and Egypt. The Commissioner for Higher Education, Alhaji Isah Abubakar-Tunga, made this known at a news conference in Birnin Kebbi on Tuesday. The commissioner said “Gov. Nasir Idris has made payment of foreign scholarship…
2 hours ago
Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation. So how did Thames Water, serving about 15 million people across London and surrounding areas, end up in such a perilous financial state? In a controversial…
2 hours ago
Prosecutors on Tuesday accused Donald Trump of brazenly violating a gag order imposed by the judge presiding over his "hush money" trial to prevent him from intimidating witnesses. "His attacks on witnesses clearly violate the order," prosecutor Chris Conroy told Judge Juan Merchan at a hearing called to determine whether the former president should be…