In this interview with PREMIUM TIMES’ Bakare Majeed, the Chairman of the House of Representatives Committee on Defence, Babajimi Benson, speaks on insecurity in Nigeria, state police, constitutional amendment and other security-related issues. The post INTERVIEW: How Nigeria can best amend faulty Constitution — Reps Committee Chair appeared first on Premium Times Nigeria. Powered by […]
Libya displaces Nigeria as largest crude oil producer in Africa – OPEC
Libya displaced Nigeria, the largest producer of crude oil in Africa, in March. This is according to the Organization of Petroleum Exporting Countries’s monthly March oil report released Thursday. The report said Libya produced an average higher figure of 1.236 million barrels per day, but Nigeria’s production dropped to 1.23 million bpd, representing a differential […]
Nigeria’s crude Bonny Light surges in March – OPEC
Nigeria’s crude oil Bonny Light surged to $87.86 per barrel in March 2024 from $85.65 per barrel in the previous month, according to the Organization of Petroleum Exporting Countries. OPEC disclosed this in its Monthly Oil Market report, published on Thursday. The figure represents a 2.6 per cent increase from the product’s price in February. […]
OPEC keeps production policy unchanged
The oil cartel explained that the JMMC reviewed the crude oil production data for January and February 2024 and noted the high conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC). The post OPEC keeps production policy unchanged appeared first on Premium Times Nigeria. Powered by WPeMatico
Nigerian Govt differs with OPEC on crude oil production data
The Federal Government and the Organisation of Petroleum Exporting Countries, OPEC, have disagreed on Nigeria’s average daily crude oil production. Speaking in Abuja on Wednesday at a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of USA, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that Nigeria’s oil […]
Nigeria crude oil production drops to1.32mbpd in February – OPEC
Nigeria’s crude oil production dropped for the second consecutive month to 1.32 million barrels per day in February 2024 from 1.42mbpd in the previous month. This was contained in the Organization of Petroleum Exporting Countries, OPEC’s recent Monthly Oil Market Report, MOMR. The figure for the month was based on direct communication from Nigeria to […]
NNPC, OPEC pledge collaboration to attract investments
Experts make projections as CBN holds first MPC under Cardoso
Nigeria’s crude oil production dropped by 3,000 barrels per day in January 2024 – OPEC
Nigeria’s crude oil production marginally dropped in January 2024 to 1.419 million barrels per day (mbpd) from 1.422mbpd in December last year. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this on Tuesday in its February Monthly Oil Report. Accordingly, the figure represents a 3,000 bpd decrease in Nigeria’s crude oil production, OPEC said, quoting […]
Nigeria remains highest African oil-producing nation as output hits 1.4m bpd – OPEC
Nigeria has remained the highest African oil producing and exporting nation as its oil output rose month-on-month (MoM) by 7.7 per cent to 1.4 million barrels per day (bpd) in December 2023, from 1.3 million bpd recorded in November 2023. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its Monthly Oil Market Reports, […]