OPEC

Nigeria’s daily oil production rises by 6.3% in February

NIGERIA'S crude oil production increased to 1.42 million barrels per day in February, indicating a 6.3 percent rise from the previous month, according to...

Amos ABBA - March 18, 2021

Nigeria’s crude oil output rises despite fall in global oil prices to $39

BRENT crude, Nigeria's oil benchmark remained at below the $40 per barrel mark on Tuesday, following a drop in demand as the Organisation of...

Amos ABBA - September 15, 2020

OPEC, allies review compliance with oil production cuts to boost crude prices

TOP global oil producers of the Organisation of Petroleum Exporting Countries, OPEC, and Russia-led oil-producing nations alliance known as OPEC+ reviewed its compliance with...

Amos ABBA - August 19, 2020

Nigeria cuts crude oil production by over 200,000 barrels daily, as oil price rises to $40 per barrel

OIL prices soared for the first time since March, as Nigeria's crude oil equivalent Brent crude sold for $39.32 per barrel, despite calls by...

Amos ABBA - June 4, 2020

Nigeria’s foreign exchange reserves would fall to $23.3bn by end of 2020 – Fitch Ratings

FITCH a global credit rating agency has stated that Nigeria's foreign exchange reserves would fall to $23.3bn by the end of 2020 from $38.6bn...

Paul Owolabi - May 20, 2020

Nigeria’s foreign reserves dips further to $33.44 billion in four months

The Nigerian foreign reserves has dropped from $38.53 billion to $33.44 billion in nearly four months, Central Bank of Nigeria (CBN) latest report has...

Paul Owolabi - May 1, 2020

Despite 72 percent fall in global average crude oil price, FG slashes petrol price for Nigerians by just 13 percent

ORGANIZATION of the Petroleum Exporting Countries (OPEC) basket has shown that the average price of crude oil has fallen over the last twelve months...

Paul Owolabi - April 24, 2020

Coronavirus, oil price drop worry Nigerian stock investors

THE Nigerian Stock Exchange (NSE) recorded a 2.41 per cent decline in Monday's trading day, while the bond market was static with no price...

Paul Owolabi - March 11, 2020

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NewsSeptember 26, 2021

Residents groan as tanker drivers’ protest over worsening FG roads continues in Minna

RESIDENTS of Bida town in Niger State have lamented the continued blockade of major roads leading to the town...

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UK debunks statements on disapproval of vaccines administered in Nigeria

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Despite court orders, NARD says strike will continue until demands are met

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Buhari failed to present Nigeria’s problems at UNGA – Minority Reps

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NewsSeptember 26, 2021

Over N2bn spent on feeding school children in Adamawa -Minister

PRESIDENT Muhammadu Buhari's Minister of Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Farouq said her ministry...

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