Home Topics Organization of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries
The federal government, on Friday, announced total projected expenditure of about N11.9 trillion for the 2021 fiscal year.
Speech by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020 Presidential Villa, Abuja. Friday, 10TH July, 2019
Crude oil prices rose marginally on Friday (May 1) as the Organization of Petroleum Exporting Countries (OPEC) and their allies started reducing output.
Before the novel coronavirus pandemic hit the globe, Nigeria spent 42 per cent of her earnings on debt servicing. We have arrived at a new reality today: even if we devote 100 per cent of our income to rebuilding our economy, it still will not be enough.
President Muhammadu Buhari on Friday in Malabo, said leaders of neighbouring countries would work together and provide all necessary assistance to secure the Gulf of Guinea.
The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.
Oil prices climbed positively yesterday extending strong gains from the previous day ahead of expected Organization of Petroleum Exporting Countries (OPEC)-led supply cuts and a mandated reduction in Canadian output.
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.
Speaking on the company’s financials, Adewale Tinubu said; “Today’s positive result is further evidence of the progress made by Oando in 2018 driven by our continued focus on execution and operational efficiency, supported by buoyant commodity prices.”
The Indian rupee on Thursday weakened past 69 to a dollar for the first time, slumping to an all-time low amid a spike in crude oil prices, foreign capital outflows and a widening current account deficit.
OPEC energy ministers expressed optimism Thursday they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production hike would be “politically unacceptable” to archfoe Iran.
Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.”
Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.
12Page 1 of 2
The Bayelsa State government has lifted ban on mid-week church services and programmes in the state.
The Federal High Court, Abuja, has fixed Sept. 30 to hear a libel case filed by Global Integrity Crusade Network, (GICN) a Civil Society Organisation against Sahara Reporters and its Publisher, Omoyele Sowore.
National Youth Leader, Pan Niger Delta Forum, PANDEF, Olorogun Vincent Oyibode, Wednesday, appealed to President Muhammadu Buhari to inaugurate without any further delay the new board of Niger Delta Development Commission, NDDC, previously screened and confirmed by the Senate, to check the highhandedness of the Minister of Niger Delta, Senator Godswill Akpabio.
One of Brazil’s leading indigenous chiefs, Aritana Yawalapiti, died Wednesday of respiratory complications caused by COVID-19, his family said.
The Deputy Speaker of the Edo State House of Assembly, Hon. Yekini Idiaye, was impeached on Wednesday for pledging loyalty to the governorship candidate of All Progressives Congress, Pastor Osagie Ize-Iyamu, it has been gathered.
The management of the Niger Delta Development Commission, NDDC, is under fresh probe as the Senate said it had received fresh allegations against it.
Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to cope with financial problems caused by a fall in energy revenues.
The strike, according to the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and Joint Negotiating Council (JNC) was to pressure Governor Kayode Fayemi to attend to their demands.
A non-governmental group, Forum for Good Governance (FGG), has asked President Muhammadu Buhari to immediately set in motion the process of unbundling the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
A former Nigerian attorney-general and Minister of Justice, Bello Adoke, has given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, seven days ultimatum to retract alleged defamatory statements made against him.