Home Topics Oil
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 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.
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 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.
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.
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.
National Bureau of Statistics (NBS) says Nigeria’s economy grew 1.81 percent in the third quarter of 2018 from a year earlier
The Federal Government has pledged to sign the Petroleum Industry Bill into law once the bill is transmitted to the presidency.
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.
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.
In a renewed commitment to its high safety standards, Ikeja Electric Plc has cautioned the public in its network against building structures and engaging in social and economic activities under power lines.
The National Orientation Agency (NOA) has called on Nigerians to always resolve political issues peacefully through lawful means instead of taking laws into their hands.
Mr Olugbenga Farinloye, the Idiroko Unit Commander of the Federal Road Safety Corps (FRSC) in Ogun, on Thursday advised the Federal Government to dualise the Idiroko Road to reduce accidents in the area.
World number one Simona Halep scraped through to an Australian Open third round clash with Venus Williams Thursday after being pushed to the limit by unseeded Sofia Kenin over three sets.
Tokyo Olympics: Odunayo Adekuoroye, Aminat Adeniyi, Blessing Oborududu to compete at UWW in Bulgaria
Nigeria Wrestling Federation has stepped up efforts for Tokyo 2020 Olympics as Odunayo Adekuoroye, Aminat Adeniyi, and Blessing Oborududu will compete at two United World Wrestling (UWW)-ranking tournaments in Bulgaria and Germany next month.
The Central Bank of Nigeria says it has received information that 36.6 million Nigerians have no access to financial services.
The Senator representing Kaduna Central at the National Assembly, Shehu Sani, has described the state Governor, Nasir el-Rufai, as “unpopular.”
The Independent National Electoral Commission (INEC), Lagos State, on Sunday, said it would on Wednesday, move about one million unclaimed Permanent Voter’s Cards (PVCs) to 245 wards in the state,
Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), says the commission will not disappoint Nigeria in the conduct of the forthcoming general election.
A Human Rights activist, Mr Emmanuel Onwubiko, has urged the media to continue to promote national security through their reportage.