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Nigeria’s Feb oil output slips amidst rising prices
Sopuruchi Onwuka Nigeria’s oil production edged lower in February, slipping to an average of 1.46 million barrels per day from 1.49 million in January, a decline of about 30,000 barrels per day. The drop comes at a time when global…
Uk, Nigeria sign landmark £746 million ports deal
Sopuruchi Onwuka The United Kingdom and Nigeria have signed a landmark £746 million ports redevelopment deal, marking one of the largest recent trade and investment partnerships between the two countries and signalling a major push to modernize Nigeria’s maritime infrastructure…
Nigeria enters list of 38 countries to post $15,000 US visa bonds
Frank Okon Nigeria on Tuesday entered the expanded list of countries whose business and tourist visitors must post up to $15000 as precondition for obtaining entry visa to the United States of America. According to the U.S. State Department reimbursable…
Nigeria fights for exit from corruption gray list
Sopuruchi Onwuka Government is working to be removed from a global financial watchdog’s “gray list” of countries under heightened scrutiny after the Financial Action Task Force in February listed Nigeria in the back book for failing to tackle money laundering….
UK, Nigeria ETI launches Creative Industries Technical Working Group
Sopuruchi Onwuka The United Kingdom and Nigeria have officially launched the Creative Industries Technical Working Group to promote Enhanced Trade and Investment Partnership (ETIP) between businesses in the two countries. According to a statement from the UK High Commission in…
From volumes to sweet grades, Nigeria cedes market to US
Sopuruchi Onwuka The United States of America, once the key destination of Nigeria’s light sweet crude oil prized in the market for high yield of transportation fuels, is now the nemesis of mainly West African producers of the same grade…
Nigeria records 39kbd rise as OPEC+ overpumps by 53 kbd in June
Sopuruchi Onwuka Nigeria’s total crude oil output in the month of June increased by 39,000 barrels per day, according to estimates by Rystad Energy which tracks crude oil trade among producers, traders and refineries across the world. The increase in…
Nigeria missing in 2024 frontier exploration programmes __Rystad
Sopuruchi Onwuka Nigeria which has the most developed petroleum exploration and production plays in Africa is missing in new exploration drilling campaigns mapped by world’s biggest operators in the continent; highlighting the persisting investment apathy by distraught players protesting stringent…
Nigeria, Angola pushing back against lower OPEC+ quota
OPEC+ is no closer to resolving the deadlock over oil-output quotas for some African members that has already forced the group to delay a critical meeting amid faltering prices, according to delegates. The Saudi-led alliance hasn’t been able to reach…
OPEC+ assigns Nigeria 1.718 mbd output in March
Keeps production rate in lane Sopuruchi Onwuka Nigeria is to pump her crude oil grades to the international markets at daily rate of 1.718 million barrels (1.718 mbd) in March, according to the new production quota released by the 23…
