Tag: OPEC
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 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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
‘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 ...
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 ...
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 ...
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 ...
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, ...
@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 ...
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 ...
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 ...
#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 ...
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 ...
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 ...
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 ...
Simon Kolawole: We’d soon start drinking our oil
by Simon Kolawole I am not interested in who is the chairman of governors’ forum or Speaker of Rivers House ...
Ode to Nigeria: ‘A nation not beyond redemption’
by Kola Dairo Jnr I am Nigeria, the heart of Africa – at least by virtue of my geography; a ...
Ode to Nigeria: 'A nation not beyond redemption'
by Kola Dairo Jnr I am Nigeria, the heart of Africa – at least by virtue of my geography; a ...