Nigeria’s oil industry is breathing a sigh of relief. After months of battling production challenges, the country has finally broken past its OPEC quota, hitting its strongest output in nearly …
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Features/News Analyses
Strait of Hormuz Attack Shakes Oil Markets: Nigeria’s Gains at Risk as World Reacts
Rising crude prices give Abuja a quick boost, but inflation, higher shipping costs, and deeper economic problems could take away these gains. Report by TOYE FALEYE. Disruption in World’s Shipping …
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Global energy markets entered their most severe disruption in decades after the United States and Israel launched a large-scale air campaign against Iran on Saturday, prompting Iranian retaliation across the …
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Reuters Former Nigerian oil minister Diezani Alison-Madueke had no real power over government contract awards and was merely a “rubber stamp” for official recommendations, her lawyer told a London court …
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TheDiggerNews Abuja: Iran’s Ambassador to Nigeria, Amb. Mahdavi Raja has reaffirmed Tehran’s commitment to deepening bilateral relations with Nigeria. Raja spoke on Tuesday in Abuja, briefing journalists on the revised …
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London: Former OPEC president and Nigeria’s ex-oil minister, Diezani Alison-Madueke, appeared in a London court on Monday for preliminary proceedings in her corruption case. She is set to stand trial …
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Abuja: The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million barrels per day (bpd) by 2030, if investment in the …
