Sunday, July 21, 2024


April 16, 2024

OPEC woos Namibia as it prepares to produce oil from 2030

The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade.

Oil rig
March 14, 2024

OPEC: Crude oil production increases in Nigeria, Libya

OPEC said this in its March Monthly Oil Market Report (MOMR).

February 29, 2024

Oil industry needs $14 trillion investment to meet global demand: OPEC

OPEC says the oil industry will require about $14 trillion in investment from now to 2045 to meet global demand.

November 10, 2023

Your investments safe in Nigeria, Tinubu assures Saudi Arabian investors

Mr Tinubu said that Nigeria was ready for business while assuring investors of getting the highest returns on investments.

President Bola Tinubu
September 15, 2023

Nigeria, Angola to strengthen bilateral ties

Nigeria says it will work with Angola to enhance public media cooperation and boost bilateral relations between the two countries.

Angolan ambassador to Nigeria Jose Zau and Information minister Mohammed Idris
August 12, 2023

Dollar index decreased by 1.6% in July: OPEC

OPEC said the dollar index rose for the second consecutive month in June, increasing marginally by 0.3 per cent m-o-m.

June 17, 2023

Oil Theft: Navy slams ex-militant Dokubo; challenges him to produce evidence

“So, what I will just say is, Asari Dokubo is seeking some form of relevance and whatever.”

Commodore Adedotun Ayo-Vaughan
June 6, 2023

Nigeria’s oil production reduced amid OPEC’s 1.393 million barrels daily cut

OPEC and its allies have agreed to cut global oil production by 1.393 million barrels daily, reducing Nigeria’s oil production quota by 20.7 per cent.

May 19, 2023

OPEC-China dialogue avenue for global oil market stability: Official

Since establishing the dialogue mechanism between the two parties in 2005, communication on policy has been maintained.

April 18, 2023

Global energy demand to increase by 23%: OPEC

OPEC says global primary energy demand is forecast to increase by 23 per cent from now to 2045.

Oil rig