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A service for energy industry professionals · Saturday, April 5, 2025 · 800,544,805 Articles · 3+ Million Readers
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OPEC Nigeria News Monitoring

  • Published on 17:47 GMT

    Nigeria: Basically everything is corrupted — Onyema Ugochukwu

    Chief Onyema Ugochukwu, a journalist and politician, schooled in his region – the South-East, including the University of Nigeria, Nsukka (UNN), where he started in 1966, but the civil war interrupted and he was obliged to serve in the Biafran army, where …

    Source: Daily Trust - Label Pending
  • Published on Apr 4, 2025

    Nigerian Oil Industry: Will a New Board Block the Corruption Cesspool?

    By Paul Ejime Ordinarily, President Bola Tinubu’s reconstitution of the governing board of the Nigerian National Petroleum Company (NNPC) Limited should inspire hope for positive changes in the country’s beleaguered petroleum sector, but for critics and …

    Source: GNN Liberia - Neutral
  • Published on Apr 4, 2025

    Naira Drops 1.4% As Higher Tariffs Impact Nigeria’s Exports

    The naira depreciated sharply in the official foreign exchange market following the U.S. imposition of a 14% tariff on Nigerian exports, raising concerns over lower foreign exchange inflows. The surge in dollar demand by market participants outpaced supply …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Apr 4, 2025

    Oil Prices Drop Below $70 As OPEC+ Accelerates Output Increases

    Oil prices fell below $70 per barrel as OPEC+ members eased their production cuts, ramping up output ahead of schedule. The group, led by major producers like Saudi Arabia, Russia, Iraq, and the UAE, has decided to fast-track a production hike, approving …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Apr 4, 2025

    Oil down by $10, new headache for Nigeria’s economy

    Nigeria’s economy faces fresh risk as international crude oil prices slump by $10 per barrel, threatening the country’s already stretched fiscals and exposing deep-rooted vulnerabilities in Africa’s largest crude oil producer. The decline, driven by US …

    Source: Business Day - Neutral
  • Published on 11:53 GMT

    Crude prices slump to $65 first time since 2021

    Oil prices plunged this week to $65 per barrel as the United States import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks. The price appreciated last week when US President Donald Trump imposed tariffs on any …

    Source: Punch - Uncategorized
  • Published on Apr 4, 2025

    Crude oil prices drop 6% as OPEC output rises and Trump's tariffs hit

    Crude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase on Thursday, compounding the Trump tariff-driven sell-off in energy …

    Source: Euronews - Neutral
  • Published on Apr 4, 2025

    Oil prices drop following OPEC+ increase of output, Trump tariffs

    Oil prices fell on Thursday after the Organisation of Petroleum Exporting Countries (OPEC+ group) announced an increase in oil output. This followed a decrease in the price of oil following US President Donald Trump’s announcement of sweeping new import …

    Source: Daily Trust - Label Pending
  • Published on Apr 3, 2025

    OPEC’s Oil Surge May Not Be Enough to Lower Prices

    Economy William_Potter / iStock via Getty Images The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply. But will it be enough to lower gas prices? Why would an increase in oil supply …

    Source: 24/7 Wall St. - Neutral
  • Published on Apr 3, 2025

    OPEC+ unexpectedly speeds up oil output hikes, oil drops

    By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) -Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that …

    Source: Regional Media News - Iowa - Label Pending
  • Published on Apr 3, 2025

    OPEC+ unexpectedly speeds up oil output hikes, oil drops

    LONDON/MOSCOW - Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses. Oil, …

    Source: Zawya - Uncategorized
  • Published on Apr 3, 2025

    OPEC+ unexpectedly speeds up oil output hikes, oil drops

    LONDON/MOSCOW - Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses. Oil, …

    Source: Zawya - Uncategorized
  • Published on Apr 4, 2025

    Trump’s tariff threatens $10bn US-Nigeria trade

    •25-year duty-free AGOA partnership in danger, Nigerian-American commerce chamber worries •Nigeria’s crude revenue may plunge as US begins enforcement Wed, NACCIMA raises concerns The newly imposed 14 per cent tariff by US President Donald Trump on exports …

    Source: Punch - Uncategorized
  • Published on Apr 3, 2025

    Brent oil drops over 6% as Opec reviews hikes

    London/Moscow — Eight Opec+ countries agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, an unexpected decision that prompted oil prices to extend earlier losses. Oil, which was …

    Source: BusinessLIVE - Label Pending
  • Published on Apr 3, 2025

    15-year-old autistic Nigerian sets new world record for largest painting on canvas

    Kanyeyachukwu Tagbo-Okeke, a 15-year-old autistic Nigerian boy, is officially the holder of the Guinness World Record (GWR) for the largest painting on canvas by an individual. The huge painting, measuring 12,303 square meters, was shown to the public at …

    Source: Business Day - Neutral
  • Published on Apr 2, 2025

    Nigeria appoints former Shell executive to lead state-owned oil group

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as …

    Source: The Financial Times - Neutral
  • Published on Apr 3, 2025

    Nigeria leads as OPEC cuts oil production for March

    The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey has indicated. Nigeria was said to have recorded the largest cut as OPEC reduced …

    Source: Daily Trust - Label Pending
  • Published on Apr 2, 2025

    PHOTOS: 15-year-old autistic Nigerian breaks world record, unveils largest art canvas

    Kanyeyachukwu Tagbo-Okeke, a 15-year-old autistic Nigerian boy, is officially the holder of the Guinness World Record (GWR) for the largest painting on a canvas by an individual. The massive painting, which measures 12,303 square metres, was unveiled at …

    Source: The Cable - Neutral
  • Published on Apr 2, 2025

    Nigeria Cuts March OPEC Quota by 50,000bpd in Blow to 2025 Budget

    •Oil steadies near $75 as market weighs Trump’s tariffs, sanctions Emmanuel Addeh in Abuja The Organisation of Petroleum Exporting Countries (OPEC) reduced crude oil production last month, with curbs in Nigeria amounting to about 50,000 barrels per day, a …

    Source: This Day - Pro-Government

02 days 07:06:43

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