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Abdulaziz bin Salman
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Saudi Arabia’s energy minister Abdulaziz bin Salman said that half of the crude oil production that was disrupted due to the weekend attack on Aramco’s oil facilities had been restored.
Minister of State for Petroleum Resources, Chief Timipre Sylva, says that Nigeria will cut down on its crude oil production to comply with the targets set by the Organisation of Petroleum Exporting Countries (OPEC).
Saudi Arabia and Russia on Thursday called on OPEC members and its allies to better comply with oil production cuts.
Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.
La Liga players have been told it should be "normal" for them to have their salaries reduced because everyone else is being impacted financially by the coronavirus pandemic.
The European Union is set to give 15 billion euros’ (16.3 billion dollars’) worth of support to Africa and other regions of the world for their efforts to fight the coronavirus pandemic.
Former Barcelona superstar Ronaldinho has been released from a Paraguayan prison after just 32 days over forged documentation.
Mr Adamu Mohammad, an elder brother to Gov. Bala Mohammad of Bauchi State, who was kidnapped by unknown armed gunmen has been released.
Nigeria has announced 16 more cases of COVID-19, the virus that has killed six people so far in the country.
Scribe of the Nigeria Olympic Committee Olabanji Oladapo has stated that the NOC will not slow down its Olympic preparation and has stated that no matter how you prepare, the Olympics comes with its own tension and anxiety the closer you get to it.
Italy’s record death toll from the novel coronavirus grew by more than 700 on Wednesday, as a top official said that social restrictions were getting harder to bear for the population.
Juventus midfielder Blaise Matuidi has signed a contract extension with the Serie A side through to June 2021.
Amazon has stopped selling N95 respirators, paper surgical masks, face shields, surgical gowns and gloves, and large-volume containers of sanitizer to general consumers, according to Recode.
A virologist has suggested that there is hope of completing the Bundesliga season, but it will mean completing matches behind closed doors and keeping the players under exceptionally close observation.