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Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Report: OPEC’s compliance with oil production cuts deal 122 percent in April

The Organisation of the Petroleum Exporting Countries (OPEC) says its compliance with the OPEC+ oil production cuts deal totalled 122 per cent in April, as production averaged 25.08 million barrels per day.
First reported by the New York Times, Colonial Pipeline, which carries 45 percent of the fuel supplies for the eastern US, said in a statement late Friday that it took “certain systems offline to contain the threat, which has temporarily halted all pipeline operations and affected some of our IT systems.”

US: Cyberattack prompts shutdown of major fuel pipeline

One of the largest pipelines in the US has been taken offline by its operator following a cyberattack. First reported by the New York Times, Colonial Pipeline, which carries 45 percent of the fuel supplies for the eastern US, said in a statement late Friday that it took “certain systems offline to contain the threat, which has temporarily halted all pipeline operations and affected some of our IT systems.”
Johnson & Johnson's single dose COVID-19 shot is the fourth to be endorsed for use in the EU after vaccines from Pfizer-BioNTech, AstraZeneca-Oxford University and Moderna.

Nigerian government to procure 29.588 million doses of Johnson & Johnson vaccine

The federal government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said.
Nigerian National Petroleum Corporation (NNPC)

Refinery rehabilitation: NNPC tasks contractor on project completion

The Nigerian National Petroleum corporation (NNPC) has tasked the Contractor rehabilitating the Port Harcourt Refineries Companies (PHRC) to ensure completion of the project at the estimated time frame.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi governor faults NNPC zero remittance to FAAC

Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.

Addax/Sinopec: Group faults President Buhari on restoration of OMLs

An oil industry group, Oil Industry Indigenous Capacity Action Committee, has faulted President Muhammadu Buhari’s order for the restoration of an earlier cancelled Oil Mining Licences (OMLs) 123, 124, 126 and 137 to Addax/Sinopec.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Crude oil price hits $65.85 per barrel after OPEC+ meeting

Barely 24 hours after the Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC meeting, Tuesday, the price of Nigeria’s Bonny Light has risen to $65.85 from $63.50 per barrel in the global market.

World Bank: Nigeria, six others top gas flaring countries

The World Bank says Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC projects gradual crude oil recovery in H2 2021

A joint committee of ministers from OPEC and non-OPEC countries have projected an increase in global crude oil demand by second half (H2) 2021.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC leaves production plan unchanged, cancels ministers’ meeting

The Organisation of Petroleum Exporting Countries (OPEC) and its allies yesterday resolved to stick to plans for a phased easing of oil production restrictions from May to July.

Oil spills outside China’s Qingdao port after ship collision

A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC maintains oil demand growth forecast on coronavirus worries

The Organisation of Petroleum Exporting Countries (OPEC) and its allies on the Joint Technical Committee (JTC) are keeping the cartel’s forecast for growth in global oil demand this year, amid worries of surging COVID-19 cases in India, it was learnt yesterday.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC+ keeps oil demand forecast, but worried by coronavirus surge

The OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year, but is concerned about surging COVID-19 cases in India and elsewhere, three sources from the producer group told Reuters.
Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS-Thomas White-Illustration

Oil slips below $62 as India virus cases rise

Oil prices have fallen more than 1 percent on fears that surging COVID-19 cases in India will dent fuel demand in the world’s third-biggest oil importer and as investors prepared for a planned increase in crude output from the world’s top producers in May.

CBN governor tasks ivory towers on agric productivity

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday challenged the university community to rise to the occasion and develop breakthrough solutions especially in seeds production to improve agricultural yields.
Oil Spillage

Shell’s pipeline spills 213 barrels of crude into Bayelsa community

The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in Bayelsa.
An Italian court has declared Shell, Eni and their managers all acquitted in the controversial Malabu scandal. They were all acquitted by the court yesterday.

Eni to increase oil, gas stake in Nigeria, others

Italian firm, Eni, is considering more oil and gas operations in Nigeria and other West Africa and the Middle East countries to help reduce debt.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC+ may downgrade ministers’ meeting, leave output unchanged

The Organisation of Petroleum Exporting Countries (OPEC) and its allies are discussing downgrading next week’s the full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production.
A woman walks over pipelines crisscrossing Ogoniland in Rivers State, Nigeria September 18, 2020. Picture taken September 18, 2020. REUTERS-Afolabi Sotunde-File Photo

Nigeria refines energy reform bill to attract more big oil cash

Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.

PENGASSAN suspends strike over Chevron’s Agbami oilfield dispute

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says it has suspended it proposed strike over Chevron Nigeria Limited’s plan (CNL) to lay off 600 workers at the Agbami Offshore Oilfield in Bayelsa.
BUA Group

BUA refinery set for ground-breaking this year

The ground-breaking of the proposed 200,000 barrels per day BUA Refinery will hold later this year, even as the BUA Group and Axens of France signed a progress acknowledgement statement on the project in Lagos yesterday.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

IEA: OPEC+ compliance with oil cuts in March largely due to Saudi Arabia

The alliance of the OPEC+ oil producers was able to achieve the 113 per cent oil cuts agreement reached last month largely due to Saudi Arabia’s voluntary additional cut of 1 million barrels a day (mbd), a report said.

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FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa

In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria,

Femi Falana: Southern governors should legalise open grazing ban to prosecute offenders

Human rights lawyer, Femi Falana (SAN), has urged southern governors in the country to back their ban on open grazing with a legal instrument to enable the prosecution of offenders.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Edo governor: Nigeria’s unity must be on social justice, equity

The Governor of Edo State, Godwin Obaseki, has called for unity in Nigeria in order for the country to overcome its many challenges.
Demonstrators gather outside the army headquarters in Khartoum on Tuesday [Ashraf Shazly-AFP]

Two people killed in Sudan rally over 2019 protest killings

At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Gunmen abduct graduate, one other in Ondo community

Gunmen suspected to be kidnappers have created tension in Ikaram Akoko, in Akoko North West council area of Ondo State, following the abduction of two residents of the community including a graduate, identified as Gbodi.

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Jose Mourinho has said Tottenham deserved to win against West Ham as they fell 2-1 to their London rivals.

Paolo Di Canio refuses to apologise for Jose Mourinho ‘worst of the worst’ comments

Former Serie A star Paolo Di Canio, now working as a pundit for Italian television, has refused to apologise for comments made in a leaked WhatsApp audio sent to a friend in which he referred to Jose Mourinho as the “worst of the worst”.
Timo Werner claims Chelsea can prove themselves the best team in the world after reaching the Champions League final.

Timo Werner: Chelsea can beat Manchester City in Champions League final

Timo Werner claims Chelsea can prove themselves the best team in the world after reaching the Champions League final.

Comrade Oshiomhole: Call for military takeover senseless

The former national chairman of the All Progressives Congress (APC), Adams Oshiomhole, says the call for a military takeover of the country is senseless.
A statement by the State Commissioner for Information, Chief John Okiyi Kalu on Sunday explained that the station, named Mike Okiro Police Station, located along Umuahia-Uzoakoli Road, close to Ubani market was not burnt down.

Official: Umuahia police station not burnt

Following the reports of the burning down of the popular Ubani Market in Umuahia North LGA of Abia State on Sunday, May 9, 2021,...
4. President Muhammadu Buhari on Thursday said the registration of the National Identity Number and linking it to mobile numbers will help fight insecurity in the country.

President Buhari: NIN will help us fight insecurity

President Muhammadu Buhari on Thursday said the registration of the National Identity Number and linking it to mobile numbers will help fight insecurity in the country.