Tag: oil

By Yakubu Musa Nothing, perhaps, illustrates the tragedy of the current world's most enduring struggle, the Israeli–Palestinian conflict, than last Friday’s UN resolution for a ceasefire. Curiously, the United States of America voted against it while her...
By Sanusi Abdullahi Kiru In the ever-evolving landscape of Nigeria's telecommunications industry, there are individuals who leave an indelible mark, reshaping the sector for the betterment of the nation. Among these luminaries, Prof. Umar Garba Danbatta stands...

Nigeria’s oil production falls to 1.02m bpd

By Ismail Auwal Nigeria's oil production fell to 1.02 million barrels per day (bpd) in May, down from 1.22 million in April 2022. This was revealed...

Yuan jumps as Saudi Arabia considers ditching dollars for Chinese oil sales

By News Desk The Chinese yuan reversed earlier declines and jumped toward its highs of the day following a report by Dow Jones that Saudi Arabia is...

Consumer protection council uncovers adulterated cooking oil production spot in Kano

By Ismail Auwal Kano State Consumer Protection Council (KSCPC) on Wednesday discovered a factory producing adulterated cooking oil. The discovery was disclosed by the Managing Director...

Libya overtakes Nigeria as Africa’s biggest oil producer  

By Salim Yunusa Nigeria has lost its Africa’s top oil producer status to Libya as crude oil production fell further last month amid lingering supply...

Oil reaches $83.37/Barrel as OPEC meets today

By Salim Yunusa   Oil price in the Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at $83.37 a barrel on Tuesday, ahead...

Oil price hits $85 a barrel — first time in three years

By Salim Yunusa   Brent oil, the global oil benchmark has crossed the $85 mark — the highest level since October 2018 — in what is...

Oil Companies Owe NDDC More Than $4bn – Akpabio

By Salim Yunusa The Minister of Niger Delta Affairs, Senator Godswill Akpabio, says International Oil Companies (IOCs) operating in Nigeria are owing the Niger Delta...

PIB: Hold Dickson responsible if violence breaks out in N/Delta — South-South Forum

By Salim Yunusa The South-South Emerging Leaders’ Forum (SELF) has told President Muhammadu Buhari and all the Niger Delta leaders to hold a former governor,...

We have done our best given resources at our disposal — Buhari

By Salim Yunusa President Muhammadu Bu­hari Thursday in Daura, Kat­sina State, said his adminis­tration has done its best given the available resources at its disposal. While...

Oil crosses $71 per barrel, first time in 2021

By Abba Gwale Hours after the meeting of Organization of Petroleum Exporting Countries (OPEC) on the increase of production the price of oil has risen...

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