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Oil prices slip as U.S. crude output nears 12 million bpd

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.

Oil prices gain on OPEC’s cut deal

Oil prices climbed by one per cent yesterday following supply cuts led by Organization of Petroleum Exporting Countries (OPEC) and Russia, although a darkening economic outlook capped gains.

Oil falls to $53 on economic worries, surging supply

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand.
Omar al-Bashir

Sudan’s president Omar al-Bashir forms panel to probe protest violence

Sudan's President Omar al-Bashir ordered authorities Tuesday to set up a committee to investigate violence during anti-government protests, even as a range of political groups called for a "new regime" in the country.

Oil slips back towards 18-month lows on oversupply

Oil prices fell more than one per cent on Thursday after rebounding eight per cent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices.
United Nations UN

UN: Nigeria needs N103 trillion to implement 2019-2022 SDGs

Nigeria needs not less than 337 billion dollars to implement the Sustainable Development Goals (SDGs) from 2019 to 2022, the UN Support Plan for the Sahel has estimated.
Hamidreza Bagheri Dermani

Iran executes trader dubbed ‘Sultan of Bitumen’

Iran executed a trader known as the “Sultan of Bitumen” on Saturday over charges of fraud and large-scale smuggling of the oil product, the judiciary’s news agency Mizan online reported.
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

[email protected]: Why we love this President

“That’s him, that’s him,” the two old women, wrinkled and bent with age, exclaimed. You could see wonderment and fulfillment in their eyes. And as if on cue, they both began to cry.

Higher food prices push inflation to 11.28%

The consumer price index (CPI) which measures inflation increased to 11.28 percent (year-on-year) in November compared to 11.26 percent in the preceding month, according to the National Bureau of Statistics (NBS).
An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria. | Akos Stiller | Bloomberg via Getty Images

Oil producers to review cuts impact in April

Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday.

NBS: Nigeria’s economy grew 1.81% in Q3, driven by non-oil sector

National Bureau of Statistics (NBS) says Nigeria’s economy grew 1.81 percent in the third quarter of 2018 from a year earlier
buhari muhammadu

Federal government pledges to sign the Petroleum Industry Bill

The Federal Government has pledged to sign the Petroleum Industry Bill into law once the bill is transmitted to the presidency.

Oil prices fall on global growth concerns

Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts.

Fuel scarcity looms as marketers give federal government seven-day ultimatum

Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA), and the Independent Petroleum Products Importers (IPPIs) on Sunday gave the Federal Government seven days to settle the N800 billion subsidy debt owed them under the Petroleum Support Fund.
Iran Oil and Gas

Iran hails oil-for-goods deal with South Korea

Iran said Saturday it had finalised a deal with South Korea to trade oil for goods, skirting renewed US sanctions.

Femi Falana: Why Executive Order 5 may fail

Human rights activist, Mr. Femi Falana, SAN, has called on the Federal Government to take decisive policy actions to ensure full implementation of the Executive Order No 5.

Oil falls, heading for biggest monthly slide since 2008

Oil fell on Thursday bringing losses for the month so far to 23 per cent, marking its largest one-month fall since the depths of the financial crisis in 2008.

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NOA urges Nigerians to resolve political grievances through lawful means

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FRSC tasks federal government on dualization of Idiroko road over accidents

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Simona Halep

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Nigeria's Odunayo Adekuoroye

Tokyo Olympics: Odunayo Adekuoroye, Aminat Adeniyi, Blessing Oborududu to compete at UWW in Bulgaria

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