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Tag: OPEC
Top 5 Stories Of The Day | Senate Claims Natasha was Suspended for Gross Misconduct, not Sexual Harassment
Senate claims Natasha was suspended for gross misconduct, not sexual harassment Obasanjo speaks on the Lagos-Calabar highway project and calls it wasteful and corrupt OPEC reports that Nigeria's crude oil…
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OPEC+ expected to stick to output hike as oil prices bounce back, Algeria to cut gas supplies to Morocco | 5 Things That Matter Today
Across the African continent, these are the 5 stories you shouldn’t miss: Gunmen release dozens of Nigerian students abducted in May Nigerian gunmen have freed the remaining pupils from more…
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OPEC sees gradual recovery in oil demand as it closes in on deal, Amnesty slams Libya and Europe over ‘horrific’ abuse of migrants | 5 things that matter today
Across the African continent, here are 5 culturally relevant stories you shouldn’t miss out on: Amnesty slams Libya and Europe over ‘horrific’ abuse of migrants Amnesty International has condemned the…
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Nigeria is lagging behind on all fronts | Here’s what the 2018 Africa Energy Review has to say
by Mondiu Jaiyesimi and Jibril Ojolowo Background This report is a snapshot of Africa’s current energy industry using data from the recently published BP Statistical Review of World Energy as…
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The Late 5: Fayose thanks APC for favour done him, Mohamed Salah crowned Premier League Player of the Year and other stories
Here are the stories that drove the conversation today: Ekiti State Governor, Ayo Fayose on Sunday told his predecessor and current Minister of Mines and Steel Development, Dr. Kayode Fayemi…
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OPEC extends Nigeria’s exemption from oil production cuts
The Organisation of Petroleum Exporting Countries (OPEC) has agreed to allow Nigeria supply crude oil to the global market, in continuation of the exemption from the oil production cuts agreed on by…
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Opinion: Is Nigeria ready for the end of fossil fuel?
by Rufai Oseni Over 150 years ago, a French engineer Gustav Eiffel set out to do the impossible to build a tower in the centre of Paris and this caused an…
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Simon Kolawole: Build, operate and transfer Nigeria
by Simon Kolawole Dearly beloved Nigerians, I have a number of proposals today that may interest you. Or upset you. One, I respectfully propose that we concession the Niger Delta…
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N44m dowry, 22 year reign | The 5 numbers that mattered this week
N522 billion - President Muhammadu Buhari announced that this amount has been disbursed to state governments to pay up salaries and pension arrears. 22 - The Gambian President, Yahya Jammeh…
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BREAKING: Oil price rises after OPEC cut
Oil prices held above the $50 barrier on Thursday following OPEC’s decision to carry out its first output cut in eight years. At a meeting in Vienna on Wednesday …
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OPEC agrees to take 1.2 million barrels oil cut per day
The Organisation of the Petroleum Exporting Countries (OPEC) has agreed to cut oil production starting from 2017. The resolution to cut production was taken at the 171st meeting of the…
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Godwin Okpene: New strategy needed for the PIB
By Godwin Okpene By December this year, the Petroleum Industry Bill (PIB) would have clocked sixteen years and eight months in the making, and more than eight and half years…
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Now that the NDA has agreed to a ceasefire: 4 things we expect to see
Tolu Omoyeni The Niger-Delta Avengers (NDA) announced two days ago that they will cease to attack the oil-producing region in Nigeria and proceed negotiations with the federal government. The decision…
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Kachikwu reveals FG’s plan to increase oil production
The most recent episode of CNN’s Quest Means Business with Richard Quest brought us an interview with Ibe Kachikwu, Minister of State for Petroleum Resources and Chairman of the Nigerian…
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Former president of OPEC, Ali-Monguno dies in Borno
A former minister of Mines, Power and Petroleum, Shettima Ali-Monguno has been declared dead. The demise of the elder statesman was announced by the Secretary to the Borno State Government,…
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Nigerian, Mohammed Barkindo appointed Secretary-General of OPEC
A former managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, has been appointed the secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). Barkindo's appointment was on…
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Niger Delta militants are literally changing the world, as oil price hits $50
by Chi Ibe This morning, oil prices hit a 2016 high of $50 a barrel mark, following the disruptions in the production of crude in Nigeria. Brent, the global benchmark…
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‘Price of crude oil to rise to $50 per barrel’ – Ibe Kachikwu
Despite the falling price of crude in the international market and the disagreement among the members of the Organisation of Petroleum Exporting Countries (OPEC), the Nigerian Minister of Petroleum Resources,…
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Kachikwu takes over from Diezani as OPEC President
Minister of state for Petroleum, Ibe Kachikwu, has replaced Diezani Alison-Madueke as the conference president of the Organisation of Petroleum Exporting Countries (OPEC). Owing to his status as the Minister…
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Analysis: The effect of sliding oil prices on Nigeria & the world economy (Part 2)
by Mondiu Jaiyesimi and Victor Ajayi A clear lesson will have been learnt here for businesses and economies heavily reliant on revenues from one of the most volatile commodity prices…
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Analysis: The effect of sliding oil prices on Nigeria & the world economy (Part 1)
by Mondiu Jaiyesimi and Victor Ajayi Oil-producing countries like Nigeria, Venezuela and Russia will bear the brunt of the collapsing prices as they are already facing difficult challenges in sustaining…
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Oil price falls further as OPEC decides against reducing global supply
by Tunji Andrews The Organisation of Petroleum Exporting Countries, OPEC, has decided against reducing the global supply of crude oil, which had created a glut and subsequently crashed the price…
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@NOIweala must be commended for preparing for the rainy day
by Abdullahi M. Seidu From Qatar to Kuwait all the way to Venezuela, and even in Nigeria, one sound rings clear on the balance sheets of these countries: revenue from…
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Nigerian on the edge as Brent crude prices crash to 2-year low
by Tunji Andrews Tuesday saw oil prices crash, posting it's biggest one-day drop in two years on signs that the Organization of the Petroleum Exporting Countries was unlikely to cut…
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Sonala Olumhense: Nigeria – How do we speak with one voice?
by Sonala Olumhense Mrs. Oduah? Her legacy is not of service but of corruption and scandal, including status-forgery, for she was the one who smuggled herself into a Ministerial chair…
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#InCaseYouMissedIt: Diezani loses bid to become OPEC Secretary General
by Oge Okonkwo Hopes were dashed on Wednesday for Nigeria's Minister of Petroleum Resources, Diezani Alison-Madueke, who was nominated by President Gooduck Jonathan to become the Secretary General of the influential…
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PDP lawmakers ‘suspend’ Edo Speaker, Jonathan nominates Alison-Madueke for OPEC top job & other important news you should know today
by Oge Okonkwo PDP lawmakers suspend Edo Speaker Nine lawmakers including suspended Deputy Speaker, Festus Ebea this morning suspended Speaker Uyi Igbe in a gestapo style sitting. They stormed the…
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Peregrino Brimah: Diezani Alison-Madueke is prepared to sell Nigeria’s refineries… again
by Peregrino Brimah So they refurbish “their” thing, with trillions of “their” money, and then sell them to themselves, via their coterie of friends on the outside for one-tenth of the worth, and…
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Opinion: Gov. Dakwambo and the burdern of leadership
by Junaidu Usman Abubakar I make bold to say that, so far, the Governor has not been wasting the resources of the state – be it financial, natural, human or…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy