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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.
Nobel Laureate, Professor Wole Soyinka, will be a special guest to review Chief Keith Richards’ latest book, “Never Quite the Insider: a Nigerian Memoir” in Lagos on Thursday, 17 October, 2019.
Climate change is one of the greatest challenges of our time and the goal of reducing greenhouse gas (GHG) emissions will be difficult to achieve without a significant increase in the use of nuclear power, IAEA Acting Director General Cornel Feruta said today.
The recent decision by oil-producing countries to prolong cuts in output will not fundamentally change the outlook for a market that is heavily oversupplied, the IEA said on Friday.
Iraq’s oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day (bpd) if needed, but it was committed to OPEC-led output cuts and would not take unilateral action to boost supply.
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
The Council for the Regulation of Engineering in Nigeria (COREN), has approved requests of 19 institutions for the accreditation of their engineering programmes in the country.
Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
Oil prices rose higher on Friday, heading for their after U.S. President Donald Trump’s comments about possible military action in Syria and reports of dwindling global oil stocks.
The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as it oil import dropped to its lowest level since 2001.
A Russian State Nuclear Energy Corporation, Rosatom, has shared its best practices with participants of the annual Powering Africa Nigeria summit held in Abuja, Nigeria.
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The National Pension Commission, PenCom, on Monday directed Pension Fund Administrators to implement pension enhancement for retirees on Programmed Withdrawal under the Contributory Pension Scheme.
Real Madrid have completed the signing of teenage Brazilian prospect Reinier from Flamengo on a six-and-a-half-year deal, the Spanish giants announced on Monday.
A male youth corps member (name withheld) serving in Delta State has been diagnosed with the Lassa fever virus.
In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better.
The Katsina State Police Command has confirmed 17 persons killed in a road crash at Yardudu village, Mashi Local Government Area of Katsina State.
Sacked Imo State governor, Emeka Ihedioha, has criticised the Supreme Court verdict which removed him and declared Hope Uzodinma of the All Progressives Congress (APC) as the winner of the March 9 governorship election in the state.
Libyan state oil firm NOC has declared force majeure on oil exports from the eastern ports of Brega, Ras Lanuf, Hariga, Zueitina and Es Sider, a statement said on Saturday.
Journey-man and Nigeria junior international Taiwo Awoniyi is on the verge of embarking on another loan sojourn it has been revealed.
Africa and Commonwealth games Wrestling champion in the 68Kg category Blessing Oborududu has expressed delight after picking Bronze at the Rome Wrestling ranking series tournament in Italy to open the year 2020 on a positive note.
Senator Adamu Muhammad Aleiro, representing Kebbi Central senatorial district at the Senate, has vowed that the 9th Senate would continue to support President Muhammadu Buhari administration.