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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.

Nigeria ships fewer oil cargoes to US

Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show.
Atiku Abubakar

How Atiku Abubakar will lose February 16 election

Get this straight: Atiku Abubakar will lose the presidential election on February 16. I’m not Rev. Father Ejike Mbaka or one of the tongue-in-cheek seers whose predictions you’ll be struggling to figure out after dropping your offering in the bag at midnight of December 31.

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.
Nigerian Stock Exchange NSE

Elections: Stock market indicators depreciate by 19.77 percent

The year 2018 was not so rosy for the Nigerian Stock Exchange (NSE) as its crucial indicators depreciated by 19.77 per cent due to uncertainties surrounding the forthcoming general elections.

Oil markets kick off new year with losses on signs of economic slowdown

Oil markets dropped by around one per cent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted.

Nigeria to lose 27% of oil production in 2019

Nigeria is to lose about 226,300,000 million barrels of oil production in 2019, representing about 27 per cent of its current year’s target.
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, is to kick-start his campaign for the 2019 presidential election through an address to Nigerians on Facebook on Monday.

PDP challenges Muhammadu Buhari to respond to Atiku Abubakar’s Etisalat, Keystone Bank ownership allegation

The Peoples Democratic Party (PDP) Presidential Campaign Organisation (PPCO) has challenged President Muhammadu Buhari to answer an allegation made by Atiku Abubakar that family members of the president had acquired Etisalat Nigeria and Keystone Bank Plc at the tune of N1.032 trillion.

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.
UAE minister of energy & industry Suhail al- Mazrouei (2nd-L) speaks during a joint press conference with Iraqi oil minister Thamer Ghadban (2nd-R), Algerian energy minister Mustapha Guitouni (1st-L) and OPEC governor for Kuwait Haitham al-Ghais, at the end of the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting in Kuwait City on December 23, 2018. Yasser Al-Zayyat/AFP

Oil market likely to rebalance early 2019 – OPEC ministers

Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-2

2019 budget: 2.3 million per barrel, $60 dollar oil benchmark not realistic – expert

Mr Bank-Anthony Okoroafor, an energy expert says the projected 2.3 million barrel of crude oil production per day and 60 dollar oil benchmark in the 2019 budget is not realistic.
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

2019 Budget: Federal government to Release New Set Of Taxes, Excise Duties

Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
Saad al-Kaabi, chief executive of Qatar Petroleum, says QP wants to invest heavily in the US [Naseem Zeitoon-Reuters]

Qatar Petroleum looks to invest $20 billion in US

Qatar Petroleum (QP) is looking to invest at least $20bn in the United States, its chief executive has said, after the Gulf Arab state quit OPEC, freeing Doha from potential legal risks in the US.
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.

#HAPPYBDPMB: A dozen reasons for Muhammadu Buhari’s reelection

On Monday December 17, 2018, President Muhammadu Buhari who is seeking re-election for a second term of office will be marking his 76th birthday and, in his own words, “still going strong.”

OPEC, non-OPEC countries to cut crude output in 2019

Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months.

Oil rises to $61 on Libyan supply cut

The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped by 10.2 million barrels last week, more than analysts had forecast. Official inventory figures are due later on Wednesday.
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.

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(FILES) In this file photo taken on December 15, 2018 a French riot police officer aims at protesters wearing yellow vests (gilets jaunes) with a non-lethal hand-held weapon (LBD40) during a demonstration against rising costs of living blamed on high taxes on the Champs-Elysees in Paris. – The number of serious injuries caused by non-lethal hand-held weapons (LBD 40) harbours anger and mistrust towards the French government and the police, who have had to call its forces to be more cautious. (Photo by Valery HACHE / AFP)

French police under fire as ‘yellow vests’ casualty toll mounts

Twenty years ago Jean-Marc Michaud was a paratrooper who proudly marched with the army down the Champs-Elysees avenue in Paris on France’s national holiday.
Atiku Abubakar

Atiku Abubakar asks federal government to show evidence he benefitted from N156 million slush...

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has challenged the Federal Government to show evidence that he benefitted from the N156m slush fund that allegedly led to the collapse of the defunct Platinum Habib Bank.
Kano Pillars gaffer Ibrahim Musa

Ibrahim Musa returns as Kano Pillars’ technical adviser

The club’s Team Manager Kabiru Baleria was installed as the acting technical adviser and he was in charge of the team’s last two Nigeria Professional Football League (NPFL) matches against Heartland and El Kanemi Warriors respectively.

NYSC: 11,000 Corps members undergoing INEC training in Kano

No fewer than 11,000 Corps members in Kano state are currently undergoing training organised by the Independent National Electoral Commission (INEC) in the state.
Vice President Yemi Osinbajo

VP Osinbajo: Nigerians need honest president like Muhammadu Buhari

Vice President, Yemi Osinbajo, has declared that the country needs a sincere and honest President like Muhammadu Buhari to lead the country.