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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 raises oil demand growth on stronger economic recovery

The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.

DPR: 32 invalid refinery licences can be revived

The Department of Petroleum Resources has said companies whose refinery project licences have become invalid can reapply for revalidation.
Director General of the centre, Mrs. Mary Ekpere-Eta who said this in Abuja during the official launch of the Nigerian women for Liquefied Petroleum Gas project, said this was in a bid to improve women’s livelihoods, survival, clean environment, as well as pulling millions of households out of poverty.

NCWD: 99 million Nigerian women to benefit from oil, gas in three years

Director General of the centre, Mrs. Mary Ekpere-Eta who said this in Abuja during the official launch of the Nigerian women for Liquefied Petroleum Gas project, said this was in a bid to improve women’s livelihoods, survival, clean environment, as well as pulling millions of households out of poverty.

DPR denies revoking 32 refinery licences

The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria.
DELTA State Governor, Dr Ifeanyi Okowa, Monday released funds to affected local government areas to purchase food items for the affected communities as part of an effort to cushion the effect of their sufferings.

Delta youths ask President Buhari to compel Governor Okowa to account for N2 trillion...

Concerned youths drawn from the five oil and gas producing communities of Ijaw, Itsekiri, Urhobo, Isoko and Ndokwa have urged President Muhammadu Buhari to compel Delta State government to account for over N2 trillion collected as 13 per cent derivation from 2015 till date.
Nigeria Naira

Analysts: Printing currency could hurt economy

Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.
The governor of Ondo State, Rotimi Akeredolu, has reacted to his victory at the primary election of the All Progressives Congress (APC).

Ondo governor dissolves OSOPADEC board

Gov. Rotimi Akeredolu has approved the dissolution of Ondo State Oil Producing Area Development Commission (OSOPADEC) board.
2. The execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state.

NNPC delivers 96 AKK project pipes by rail to Itakpe

The execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state.

PAP, NCDMB to train, empower Niger Delta ex-agitators in oil, gas sector

The Presidential Amnesty Programme, PAP, and the Nigerian Content Development and Monitoring Board, NCDMB, have struck a deal to build the capacity of ex-agitators benefitting from the amnesty programme.
Nigeria’s oil and gas industry has lost huge investments due to the non-passage of the Petroleum Industry Bill (PIB), Governor Ifeanyi Okowa of Delta State has said.

Delta governor seeks policies to improve food nutrition in South-South

Chairman of South-South Governors’ Forum and governor of Delta State, Dr. Ifeanyi Okowa, has advocated the need for the relevant organs to come up with policies to improve food nutrition in the entire region.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor: Nigeria in huge financial trouble

The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.

APC group urges Buhari to revisit ex-President Jonathan’s Confab report

National Chairman, Congress of Democrats (CD), a pressure group within the ruling All Progressives Congress (APC), Mr. Bola Ajimuda, has called on President Muhammadu Buhari to reconsider revisiting the recommendations of the National Constitutional Conference enpanelled by former President Goodluck Jonathan, in 2014.
Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.

Minister: Bayelsa oil, gas park to create 2,000 jobs

Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: PIB will resolve oil sector’s 70-year underdevelopment

The federal government has said that when passed, the Petroleum Industry Bill (PIB) will resolve most of the knotty issues that have hindered the development of the oil and gas sector in the country since the 50s.

NCDMB committed to Nigeria’s oil, gas industrialisation – official

The Nigerian Content Development and Monitoring Board (NCDMB) has restated its resolve to serve as a catalyst for the industrialisation of the Nigerian Oil and Gas industry and its linkage sectors.
Gov. Ben Ayade of Cross River has directed applicants for the 8,000 automatic jobs to enlist through their respective village heads.

Cross River governor partners with NASENI on electricity generation from borehole

Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.
FILE PHOTO - The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS-Brendan McDermid-File Photo

Amazon retaliated against climate organizers – US labor board

The National Labor Relations Board (NLRB) has determined that Amazon retaliated against two activist employees when it fired them in April of last year, as first reported by The New York Times.
Oil Spillage

Oil spill detected on Shell facilities in Bayelsa

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital.
Nigerian National Petroleum Corporation (NNPC)

NNPC eyes $8.7 billion investments from rehabilitation of refineries, pipelines

The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa: We won’t retrench workforce amid dwindling revenues – official

The Bayelsa state government has assured civil servants in the state that it had no plans to downsize the workforce, amidst dwindling revenue.
FILE PHOTO - Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. REUTERS-Rupak De Chowdhuri-File Photo

India wields oil ‘weapon’ to cut dependence on Saudi

When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a message about its clout and foreshadowed changes to the world’s energy maps.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC, allies agree to ease oil production curbs

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil output cuts from May till July.

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The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Nigeria’s senate president, others bag NIS fellowship award

Senate President, Ahmed Lawan, and the governor of Lagos State, Babajide Sanwo-Olu, were on Wednesday in Abuja presented with the Honourary Fellowship Award of the Nigerian Institution of Surveyors (NIS) alongside a former Minister of Defence, Brig-General Mansur Dan-Ali (rtd) and the Emir of Nasarawa, HRH Alh. Ibrahim Usman Jibril, at the institution’s 2021 investiture ceremony.
The Chairman of the Board of Trustees of the Tertiary Education Trust Fund, TETfund, Alhaji Kashim Ibrahim-Imam, on Wednesday said he and the Executive Secretary of the Fund, Prof. Suleiman Bogoro, took the suspension of the Vice Chancellor, University of Lagos, UNILAG, Prof. Oluwatoyin Ogundipe, personal when he was suspended by the Governing Council of the institution last August.

Official: TETFund spends N120 billion on academic staff training since 2008

Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008.
As children across Nigeria join their world counterparts to celebrate Children’s Day, Governor Muhammadu Inuwa Yahaya of Gombe State has called on parents, community leaders, teachers and all involved in children’s upbringing to take mentoring seriously and provide them with a good leadership example.

Payroll fraud: Gombe approves N1.49 billion for biometric system installation

The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service.
All Progressives Congress (APC) Nigeria

2023: APC disowns viral zoning arrangement

The national caretaker/extraordinary convention planning committee (CECPC) of the ruling All Progressives Congress (APC) has disowned a zoning arrangement list in circulation on the social media.
Euro 2020 is almost certain to be postponed in the wake of the coronavirus pandemic sweeping across the globe.

UEFA confirms Rome as Euro 2020 host city

Rome’s Stadio Olimpico has been “fully confirmed” as a venue for Euro 2020 matches after the Italian government guaranteed the presence of at least 25 per cent of fans, UEFA announced on Wednesday.

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Chelsea booked their spot in the Champions League semi-finals despite a late goal from Mehdi Taremi for Porto on Tuesday night.

Chelsea squeeze through to UCL semis after late Porto scare

Chelsea booked their spot in the Champions League semi-finals despite a late goal from Mehdi Taremi for Porto on Tuesday night.
The president of the National Association of Resident Doctors (NARD), Uyilawa Okhuaihesuyi, says Senator Chris Ngige, minister of labour, has lost “touch with medicine”.

NARD: Nigerian government wouldn’t have listened to us if we didn’t go on strike

The Nigerian Association of Resident Doctors (NARD) says the federal government would not have listened to its demands if it had not embarked on the nationwide strike.
Ex-Liverpool player Jamie Carragher has tipped his former teammate Steven Gerrard to take over from Reds bos Jurgen Klopp in the future.

Liverpool legend wants Steven Gerrard to be ‘fully equipped’ before returning to Anfield

Liverpool legend, Jamie Carragher, hopes former teammate Steven Gerrard will manage the club when the time is right.

Ebonyi attack: I’ve not seen my husband – victim

The police in Delta State on Saturday rescued a kidnap victim in Ughelli South Local Government Area of the state.
Governor Nasir Ahmad El-Rufai of Kaduna State has reacted to the new the killing of six children and a woman in some herders’ settlements in the Kaura and Lere Local Government Areas of the State.

Kaduna governor: Security agencies’ slow response to threats unacceptable

The governor of Kaduna State, Mallam Nasir el-Rufai, has said the way security agencies act on security threats in the country was unacceptable.