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OPEC
daily recap
April 28, 2026

YNaija Daily Recap | Top Headlines Today

Faleke Picks Presidential Forms for Tinubu Lawmaker James Faleke has obtained the All Progressives Congress (APC) expression of interest and nomination forms on behalf of President Bola Ahmed Tinubu for the 2027 presidential election, formally signalling the start of his re-election bid. The forms, valued at ₦100 million, were presented in Abuja by APC officials... Read More
The News Blog
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Top 5 Stories Of The Day | Natasha Reclaims Her Senate Seat, Accuses Akpabio of Dictatorship
March 13, 2025

Top 5 Stories Of The Day | Senate Claims Natasha was Suspended for Gross Misconduct, not Sexual Harassment

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss. Senate claims Natasha was suspended for gross misconduct, not sexual harassment The Senate has dismissed allegations that Senator Natasha Akpoti-Uduaghan’s six-month suspension is linked to claims of sexual harassment. Instead, the legislative body clarified that... Read More
Rankings
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August 27, 2021

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 than 100 kidnapped from an Islamic seminary in northwestern Niger State nearly three months ago, the school’s head teacher said on Thursday. – France24 reports.... Read More
Rankings
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July 15, 2021

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 “horrific violations” being committed against migrants returned to Libya with the cooperation of European states after trying to cross the Mediterranean. The rights group said... Read More
Rankings
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November 14, 2018

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 well as the data banks of the United States Energy Information Administration (EIA) and Organisation of Petroleum Exporting Countries (OPEC)) aimed at highlighting trends, challenges... Read More
Featured, Thinking Through
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May 13, 2018

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 not to celebrate yet, describing Fayemi’s victory, at the rescheduled governorship primary of the All Progressives Congress held on Saturday,  as pyrrhic. Fayose went on... Read More
Featured, The News Blog
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September 23, 2017

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 members and non-members. The decision was made at the meeting of the joint ministerial monitoring committee of OPEC and non-OPEC countries which held in Vienna... Read More
The News Blog
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December 4, 2016

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 to the Netherlands for 17 years. Do not change the revenue allocation formula. Do not increase the derivation formula; retain it at 13%. In fact,... Read More
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December 3, 2016

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 ruled for this number of years before he lost his fifth re-election bid to opposition candidate, Adams Barrow. N44 million – The alleged worth of... Read More
Featured
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August 27, 2016

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 comes under the condition that the government also will cease to “harass, intimidate, invade and arrest” suspected members of the group. This news brings a... Read More
Featured
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August 17, 2016

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 National Petroleum Corporation Board. The Minister stated that the federal government was working towards achieving a sustaining solution to the lingering issue of militancy in... Read More
The News Blog
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June 2, 2016

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 Thursday, announced in Vienna, Austria after the 169th meeting of the group. He takes over the job from the Libyan Minister of Oil, Abdalla El-Badri,... Read More
The News Blog
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May 26, 2016

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 for crude oil, traded at $50.26 per barrel. This is coming after repeated attacks on oil installations across Nigeria – including one on Chevron’s pipelines... Read More
Featured, The News Blog
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December 2, 2015

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 of Petroleum, President Muhammadu Buhari was expected to be named as the head of the OPEC conference. However, a recent update on the OPEC platform as named... Read More
The News Blog
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January 10, 2015

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 in the world. Most especially for countries like Nigeria and Venezuela who still treat the prospects of economic diversification with no element of urgency. Price... Read More
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January 10, 2015

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 their economies due to a major revenue shortage. The volatility of crude oil price is making the news again, this time, with a more severe... Read More
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October 17, 2014

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 production in response to lower forecast demand. Brent crude prices which have tumbled more than 20% since mid-June, trading on Tuesday at $83 per barrel,... Read More
The News Blog
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June 15, 2014

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 wielding an American degree she never earned.  Nigeria’s Super Eagles, bless them, start their World Cup finals campaign in Brazil tomorrow with a match against... Read More
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June 12, 2014

#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 Organisation of Petroleum Exporting Countries (OPEC). This followed the decision of the members of OPEC to extend the tenure of the incumbent Secretary General, Abdullah al-Badri... Read More
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June 10, 2014

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 assembly complex in an unmarked bus and broke into the hallowed which was under lock and key. A mobile policeman assisted in the break in.... Read More
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November 20, 2013

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 then they will provide us the mekunu’s (paupers) the service for triple the global rates.   There is not much to say about this news. Nigerian... Read More
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YNaija Daily Recap | Top Headlines Today

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