25 results
- 27 Nov 2014
Alison-Madueke Elected First Female President of OPEC
Mrs. Diezani Alison-Madueke, Nigeria’s minister of petroleum, has just been elected the first female president of OPEC (Organisation of Petroleum Exporting Countries). She is the replacement for the…
- 12 Jun 2014
Diezani Loses Bid to Become OPEC Secretary General
Diezani Alison-Madueke, Petroleum minister yesterday lost out in the race to replace the secretary general of the Organisation of Petroleum Exporting Countries (OPEC), as the incumbent Abdalla S.…
- 4 Jun 2015
Buhari to Become Next OPEC President
President Muhammadu Buhari is set to become the next President of the Organisation of Petroleum Exporting Countries (OPEC), as Nigeria still retains its seat, an official of the Nigerian National…
- 22 Jun 2016
Barkindo Canvasses ‘Carrot and Stick’ for N/Delta Militancy
Mohammed Barkindo, new secretary-general, Organisation of Petroleum Exporting Countries (OPEC), has urged the federal government to adopt the carrot and stick ‎approach to address the militancy…
- 19 Jan 2026
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC
Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November…
- 9 Jan 2013
Nigeria, Others Earn $1.154Trn from Oil in 2012
Energy Information Administration (EIA) of the US Department of Energy said that members of the Organisation of Petroleum Exporting Countries’ (OPEC) of which Nigeria is a member nation got higher…
- 30 Oct 2020
Fresh Concerns in Nigeria as Crude Oil Price Slumps below $40
The price of Brent, the benchmark for Nigeria’s crude oil, fell below $40 per barrel to a four-month low of $37 on Thursday, raising fresh fears of another price collapse as countries in Europe…
- 19 May 2016
Nigeria and Oil: Looking Beyond Price Collapse Towards Post Recovery Savings (Part 1)
The recurrent mistake we keep making as a Nation is failing to anticipate and plan for our oil windfalls. There have been many boom opportunities since Nigeria joined the Organisation of Petroleum…
- 5 Mar 2023
The Missed Opportunities of the Nigerian Election 2023: A Metaphorical Analysis
By Austin Okere Following the turbulence of #NigeriaDecides2023, and with a calmer state of mind after the emotionally charged aftermath of the election, now may be an appropriate time to reflect and…
- 29 Dec 2017
NNPC To Complete Automation of Crude Oil Marketing Operations in 2018
By peter oluka The Nigerian National Petroleum Corporation (NNPC) has indicated that the automation of all transactions involving the supply, marketing and sale of the various grades and blends of…
- 1 Apr 2014
Without Ships, Nigeria Not A Maritime Nation- NSC
Hassan Bello, executive secretary and chief executive officer of the Nigerian Shippers’ Council (NSC) said that Nigeria could be regarded as a pretender in the comity of maritime nations without…
- 9 May 2013
Osamgbi Replaces Tumaka as NIMASA Deputy Director, Head PR
The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has appointed Mr. Isichei Osamgbi, a renowned journalist and public relations expert, as Deputy Director and…
- 5 Jun 2018
Looking Beyond Oil Price Collapse Towards Post Recovery Savings (Part 1)
By Austin Okere The recurrent mistake we keep making as a Nation is failing to anticipate and plan for our oil windfalls. There have been many boom opportunities since Nigeria joined the Organisation…
- 20 Oct 2021
Nigeria and Oil: Looking Beyond Price Collapse Towards Post Recovery Savings (Part 1)
By Austin Okere “Oil prices hit three-year high as gas crunch starts to affect crude market” was the screaming headline in the Financial Times of September 27, 2021, with a rider ‘Goldman Sachs lifts…
- 22 Apr 2020
Nigeria and Oil: Looking Beyond Price Collapse Towards Post Recovery Savings (Part 1)
By Austin Okere On April 20, 2020 the screaming headlines on CNN was that the price of WTI crude oil had fallen by 306% to $-37.63 per barrel, the first time on record that oil price has hit negative…
- 19 Oct 2009
ExxonMobil Buys $4b Stake in Ghanaian Oil Field
ExxonMobil Corporation has agreed to buy a $4 billion stake in an oil field off the coast of Ghana, as the global energy giant seeks a foothold in a major new oil-producing region. The deal is…
- 10 May 2020
Nigeria: A Chance for Re-Awakening
By Austin Okere By March 2020, it had become very clear that COVID-19 was a global pandemic. The news media was awash with a shock announcement by the Central Bank of Nigeria on her exchange rate…
- 20 Jan 2017
Nigeria : Chance for Re-Awakening
Nigerians are gradually coming to terms that the cheese has indeed moved this time. The days of lucre and easy money, fuelled by petrodollars are far behind us; no thanks to shale oil and other…
- 6 May 2026
CRMI Warns of Risks, Sees Gains in UAE Exit from OPEC
Chartered Risk Management Institute of Nigeria (CRMI) has highlighted potential benefits for Nigeria such as increased production flexibility, expanded market share, and improved revenue prospects…
- 28 Sept 2009
Sustaining Small and Medium Enterprises for Nigeria’s Economic Growth
The SMS &P team – Small and Medium Scale Businesses and Partners – is fully dedicated to supporting SMEs. The team works closely with Microsoft’s network of partners. Marius Moantsoga, SMS&P…
- 3 Nov 2017
Nigeria’s Competitiveness Survey Will Spur Growth-Friendly Policies- NCCN
By peter oluka The National Competitiveness Council of Nigeria (NCCN) has said that Nigeria’s first national competitiveness report in November is part of its efforts in driving the viability of…
- 11 Mar 2022
NESG Lauds 2021 Finance Act, Seeks Implementation
The Nigerian Economic Summit Group, NESG, has lauded 2021 Finance Act as it enhances non-oil revenue and supports the implementation of Nigeria’s annual budget. This was stated by Laoye Jaiyeola, the…
- 13 Nov 2013
“Greatest Fraud in Africa”: Reps Probe NNPC, Swiss Firm over $6.8Bn Oil Deal
The House of Representatives’ Committees on Petroleum Upstream and Downstream), and Justice are to investigate the Nigerian National Petroleum Corporation (NNPC) for allegedly conniving with a Swiss…
- 3 Dec 2016
Sanusi Warns against $30Bn Loan, Says Buhari 's Govt Lacks Ideas
Alhaji Sanusi Lamido Sanusi, Emir of Kano, has flayed President Muhammadu Buhari’s administration for the way Nigeria is being run and warned of grave consequences of borrowing $30 billion from…
- 17 Sept 2021
Shell Restates Commitment to Research and Development in Nigeria
Shell, energy giant, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and…