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 Lagos State government said it would investigate reports of shootings at the Lekki Toll plaza, which followed the 24-hour curfew imposed to stop criminals hiding under the #ENDSARS protests to unleash mayhem on innocent citizens.
Former United States presidential candidate, Hillary Clinton, has made a public appeal to Nigeria's President Muhammadu Buhari to end the killing of peaceful protesters.
Manchester United's victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history.
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.
The Kano State Government, says it has begun the distribution of instructional materials worth over N1.5 billion to primary and junior secondary schools in the 44 Local Government Areas of the state.
A paramedic intern with Lagos State Emergency Management Agency LASEMA, Morinola, Marian Omobukola, was Tuesday, hit by stray bullets while discharging her official duties in Oshodi.
With exactly two weeks until the election, President Donald Trump was continuing his campaign rally marathon Tuesday with a trip to swing state Pennsylvania, the day after early voting began in another key state, Florida.
Ole Gunnar Solskjaer surprised Bruno Fernandes at a joint media conference by announcing he would captain Manchester United against PSG.
Soldiers and policemen were in the early hours of Tuesday deployed in some communities near the Nnamdi Azikiwe International Airport, Abuja, apparently to forestall further breakdown of law and order as the protests against the scrapped Special Anti-Robbery Squad of the Nigeria Police Force continues.
The World Igbo Congress, WIC, has said that the significance of the ongoing protests across Nigeria is an indication that there is no more business as usual in the country.