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NDPHC vows to boost power supply in Nasarawa

Niger Delta Power Holding Company (NDPHC) says it has concluded plans to boost power supply in Nasarawa State in the first quarter of next year when the Lafia 330/132kv substation project is completed.

Oil rises as data shows surprise drop in US crude inventories

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.

Oil falls as US-China trade deal prospects dim

Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand.
The Federal Government has commenced Environmental Impact Assessment for the proposed Edo oil palm estate development at Ovia North-East Local Government Area.

Federal government begins environmental, social impact assessment of Edo oil palm estate

The Federal Government has commenced Environmental Impact Assessment for the proposed Edo oil palm estate development at Ovia North-East Local Government Area. The project is part of ongoing reforms by the Edo State Governor, Mr. Godwin Obaseki to attract investments into the state.

US oil imports increase, exports down last week

The United States’ crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information Administration (EIA) said Wednesday.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

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.

Oil prices fall as hopes of US-China progress wilt

Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, are not expected to help end the trade war between them.

Oil falls a third day as US-China trade tensions may limit demand

Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand.

Bonny Light price drops to $57.21, threatens 2019 budget

The execution of Nigeria’s N8.91 trillion 2019 budget is being threatened as the price of Bonny Light, the nation’s premium oil grade slides further from $60.86 to $57.21 per barrel, indicating a drop of $3.65.

Lagos declares war on illegal abattoirs

Lagos State Government has declared zero tolerance for illegal abattoirs/slaughter slabs, waste mismanagement and unhygenic handling of meat.

Lagos declares zero tolerance on operators of illegal abattoirs

Lagos State Government on Wednesday declared zero tolerance on operators of illegal abattoirs/slaughter slabs, waste mismanagement and unhygienic handling of meat in the state.

Green Energy gets federal government’s nod to develop Otakikpo Phase 2 Field

The management of Green Energy International Limited (GEIL), the operator of the Otakikpo marginal field in Oil Mining Lease OML 11 has secured Federal Government’s approval for the full Field Development Plan (FDP) and Environmental Impact Assessment (EIA) to enable the company implement the phase 2 development of the field.

Oil at six-week high on Gulf of Mexico storm, Iran tensions

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.

Oil rises on falling US stockpiles

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.

Oil price sinks on rising crude, gasoline inventory

Crude prices trended lower on Thursday after the Energy Information Administration (EIA) reported a weekly build in crude oil inventories at 6.8 million barrels.

Rivers community orders oil coy to suspend drilling operations

Rawlings Ete, the Paramount Ruler of Oyorokoto, a fishing community in Andoni Local Government Area (LGA) of Rivers, has ordered Amni Pet/Shelf Drilling Company to immediately suspend drilling operations in the community.

Oil prices fall as US output hits record high

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil prices dip as US output at record high since 2017

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

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Dolapo Osinbajo: Abuse against women is offence against humanity

Wife of Nigeria Vice president Dolapo Osibanjo has said that abuse against women in any form is wrong and offensive against collective humanity.
Jadon Sancho has been dropped and fined by Borussia Dortmund ahead of their clash with top-of-the-table Borussia Monchengladbach.

Manchester United go head-to-head with Chelsea in pursuit of Jadon Sancho’s signature

Manchester United face mounting competition to secure the signature of Borussia Dortmund’s Jadon Sancho, as Chelsea have now joined the fray.
South Africans are struggling to understanding the extent of a radical religious terror group which had allegedly planned to unleash race-based mayhem on ‘Black Friday’ last week.

South Africa on the edge over new radical sect terror group

South Africans are struggling to understanding the extent of a radical religious terror group which had allegedly planned to unleash race-based mayhem on ‘Black Friday’ last week.

US warns against travel to Tanzania over same-sex unions row

The US State Department on Tuesday urged travellers to Tanzania to “exercise increased caution” due in part to threats that gay people may experience there.

Convicted Orji Kalu: 2023, here we come

Former Governor of Abia State, Dr Orji Uzor Kalu, who was sentenced to 12 years imprisonment, over N7.65billion fraud, by a Federal High Court sitting in Lagos, while being led out of the court by the Correctional Service officers on Thursday said ‘2023, here we come’.