The National Bureau of Statistics (NBS) says the average retail price paid by consumers for petrol decreased in April compared to March. This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for April 2022, released in Abuja on Tuesday. The report said the price, however, increased to N176.21, a 3.74 per cent…
Russian crude production fell almost 9 percent in April. Russia now produces 1.28 million bpd below its OPEC+ designated output quota. The entire OPEC+ group pumped a massive 2.6 million bpd below its target in April. Russia’s crude oil production plunged by almost 9 percent in April to average just 9.16 million barrels per day…
The new Nigerian National Petroleum Company Ltd (NNPC Ltd.) will be unveiled by President Muhammadu Buhari on July 18, 2022. The Chief Executive Officer of the company, Malam Mele Kyari said this on Tuesday while receiving the CEO of the Year 2021 Award of the Leadership Newspapers Group in Abuja. The Leadership Annual Conference and…
POKROVSK, Ukraine (AP) — Russia cut off natural gas to NATO members Poland and Bulgaria on Wednesday and threatened to do the same to other countries, dramatically escalating its standoff with the West over the war in Ukraine. European leaders decried the move as “blackmail.” A day after the U.S. and other Western allies vowed to speed…
Environmental and climate justice groups across the country have urged Shell and other International Oil Companies (IOCs) operating in the Niger Delta to implement the full terms of Global Memorandum of Understanding (GMOU) agreed with communities and clean their oil pollution before selling off their equity holding in oil and gas assets in the region.…
European Union (EU) Ambassasdors in Nigeria have paid a courtesy call on the management of the Nigerian National Petroleum Company (NNPC). During the meeting the EU ambassasdors sought to strengthen their partnership with Nigeria in the energy sector as they pleaded for more gas supply to Europe. The New Diplomat reports that Europe’s call for…
LONDON (AP) — The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to the war, meanwhile,…
Instagram is a photo-sharing and video-sharing app. It allows users to share photos and videos with their followers. It has become one of the most popular social media platforms in the world. With over 1 billion active users. Instagram provides a platform for people to share their lives, interests, and experiences with their followers. The…
The commercialisation of healthcare services in Nigeria, estimated to be up to 60%, has been described as one of the worst injustices done to the Nigerian masses and a major factor undermining the nation’s response to the COVID-19 pandemic, as well as other critical services offered by operators in the country’s healthcare sector. This much…