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Organisation of the Petroleum Exporting Countries
President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that United States crude inventories fell.
Oil prices rose on Monday as China’s plans to ship in large volumes of United States crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Oil prices eased on Thursday after OPEC and allies, such as Russia, agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks.
Oil prices dipped on Wednesday after industry data showing a build in United States crude stockpiles added to worries about oversupply, but hopes for a swift economic recovery in China limited losses.
Oil prices edged down on Monday as traders took profits, with the Organisation of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Oil prices advanced on Thursday as a drawdown of the U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.
Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns.
The Organisation of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars on Monday.
The oil output of the Organisation of the Petroleum Exporting Countries (OPEC) fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found.
Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China.
Grigor Dimitrov of Bulgaria recovered from a one-set deficit to knock off third-seeded Greek Stefanos Tsitsipas 6-7 (5), 6-4, 6-3 to reach the quarter finals of the Erste Bank Open in Vienna, Austria.
Manchester United goalkeeper Sergio Romero has seen a move to Inter Miami fall through.
Nigeria Football Federation (NFF) President Amaju Pinnick is confident that Super Eagles would win the next African Cup of Nations.
Top U.S. infectious disease expert, Anthony Fauci, has said that the first doses of a successful COVID-19 vaccine would be available to some hardest-hit Americans by late December 2020 or early January 2021.
The police in Lagos State have arrested Eze Aiwansone, a sergeant, who allegedly shot his girlfriend in Ikeja area of Lagos.
Former Chelsea shot-stopper Mark Schwarzer believes Petr Cech is performing better than the other keepers at the club.
The Vice-Presidential candidate of the PDP in the 2019 elections, Mr. Peter Obi, has again appealed to the youth across the country, including the youth from the South-East, particularly those from Anambra State, to go off the streets in order not to allow their well thought-out protest which has been supported by people that have the good of the country at heart, to be hijacked by forces of darkness.
Some unidentified residents of Ilorin have begun to return the looted items from Shoprite, Kwara Agro Mall, and other shops to various locations in Ilorin, Kwara state capital.
Youths in Ibadan under the aegis of Oyo State Leading Patriots, yesterday, said it has begun a house-to-house appeal to #ENDSARS protesters and other people who have hijacked the protests in the state.
No divisional police officer (DPO) has been killed in Rivers State, the police have said.