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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.
FILE PHOTO - A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020. REUTERS-Dado Ruvic-Illustration

Oil rises as U.S. crude stockpiles drop, new Chinese coronavirus cases decline

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, recorded its lowest daily rise in COVID-19 cases in more than two weeks.
FILE PHOTO- The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. REUTERS-Alexey Malgavko

Oil down $1 as China coronavirus cases trigger clampdowns

Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.

Custom agents clamour for national shipping policy to check malpractices

The agents in the petition signed by Head, Research and Policy, National Association of Government Approved Freight Forwarders (NAGAFF), said: “First is to begin by reminding Mr. President that, for many years, the businesses of the Nigeria Shippers together with critical transport service providers such as the freight forwarders have been frustrated by certain business practices employed by container shipping lines and terminal operators.
U.S. electric vehicle maker Tesla is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.

Elon Musk: Tesla ‘very close’ to level 5 autonomous driving

U.S. electric vehicle maker Tesla is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil edges lower as US inventory build stokes supply fears

Oil prices dipped on Wednesday after industry data showing a build in United States crude stockpiles added to worries about oversupply, but hopes for a swift economic recovery in China limited losses.

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Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Manchester United identify Alexander Isak as Erling Braut Haaland alternative

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
U.S. President Joe Biden gestures while speaking to the media before boarding Air Force One at Geneva airport, as he leaves Geneva after the U.S.-Russia summit, Switzerland, June 16, 2021. REUTERS-Kevin Lamarque

White House considering talks between Joe Biden and China’s Xi Jinping

The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
Lagos State Attorney General, Moyo Onigbanjo (SAN)

Lagos begins plea bargain session for Kirikiri inmates

In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...

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The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

IMF: Nigeria’s economy recovering from coronavirus pandemic

The Nigerian economy has started gradual recovery from the negative effects of the COVID-19 global pandemic, the International Monetary Fund (IMF) has said.
Manchester United legend, Roy Keane, has identified Kalvin Phillips and Declan Rice as the two excellent players in the England squad.

Euro 2020: Roy Keane names two outstanding players in England squad

Manchester United legend, Roy Keane, has identified Kalvin Phillips and Declan Rice as the two excellent players in the England squad.
Patrick Ifeanyi Ubah

Anambra election: Ifeanyi Ubah emerges YPP governorship candidate

The Senator representing Anambra South Senatorial District in the National Assembly, Ifeanyi Ubah, on Thursday, emerged as the candidate of the Young Progressives Party for the forthcoming governorship election in Anambra State.
United Nation’s Children Fund (UNICEF)

UNICEF enrols 500,000 girls in primary schools in Katsina

The United Nations Children’s Fund (UNICEF) has announced the enrolment of over 500,000 girls in primary schools in Katsina State through its Girl’s Education Project (GEP 3) as part of efforts to reduce the spate of out-of-school children in the state.
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: Nigeria’s crude oil production hits record low in May

Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown.