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The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks.
Global energy data, financial information and analytics company, S&P Global Platts, disclosed that more than 50 million barrels of Nigerian crude oil for late April and May 2020 loading are still unsold, while the overhang is forcing down the value of Nigeria’s crude oil.
Nigerian oil company Seplat is targeting cost cuts of at least 30% amid a steep oil price crash, an executive told Reuters on Monday.
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, says that the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80 per cent.
Nigerian oil has suffered its slowest sales of the year in August, traders said, as U.S. exports of competing light, sweet grades flood traditional markets in Europe and Asia.
Barcelona midfielder Philippe Coutinho who is currently on loan at Bayern Münich could play against Barcelona in the quarter-finals of the Champions League if Barcelona manages to knockout Napoli, and if Bayern defeats Chelsea.
The Kebbi State Government has commenced the construction of road networks in Gwandu and Argungu Local Government Areas of the state.
Gun wielding kidnappers numbering 10, on Friday evening attacked Isinbode Ekiti in Ekiti East Local Government Area of the State and abducted three persons.
The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.
California will release up to 8,000 more prisoners to reduce the spread of the coronavirus in its crowded jails, according to authorities in the US state, one of the hardest hit by the pandemic.
The Minister of Aviation, Senator Hadi Sirika, says that Nnamdi Azikiwe International Airport, Abuja, Murtala Muhammed International Airport, Lagos and Mallam Aminu Kano International Airport, Kano, are ready for recommencement of domestic flights.
Pirates attacked an oil production vessel off Nigeria’s coast in the early hours of Thursday, July 2, 2020 and kidnapped nine Nigerians.
Lacazette has two more years left on his current contract with the Gunners, but manager Mikel Arteta has preferred Eddie Nketiah for some games since the restart.
Femi Adesina, Special Adviser on Media and Publicity to President Muhammadu Buhari, has said his principal has been fair to the Southeast region in political appointments and infrastructural projects.
The Benue State Command of the Nigeria Police Force has confirmed the recovery of a total of 14 bodies from River Benue following last Sunday’s tragic boat mishap that claimed the lives of 26 youths in Makurdi.