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The national body of the All Progressives Congress (APC) has nullified all the suspensions and counter suspension among members of the Ekiti state chapter of the party. The New Diplomat had reported that a faction loyal to Governor Kayode Fayemi, had announced the suspension of 12 members of the party, including Senator Babafemi Ojudu, Special Adviser…
September 25, 2020
By Gbenga Abulude (Politics and General desk) The proposed nationwide industrial action by the Nigeria Labour Congress (NLC) and the Trade Union of Nigeria (TUC) received the support of of Banks and other financial institutions Wednesday, as the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to join the strike. NUBIFIE…
September 23, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Polling, Research and data desk) Mr Tony Elumelu, Chairman of both United Bank for Africa (UBA) and Transcorp Plc, respectively has been listed  along with three other Nigerians as among TIME magazine's 100 most influential persons in the world in 2020. The other outstanding  Nigerians  listed are Nigerian-American…
September 23, 2020
By Tsvetana Paraskova   Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener portfolio, sources in Shell involved in the costs review told Reuters. As early as in June, which capped one of the…
September 22, 2020
...To Avert Industrial Action Says Restructuring Of Electricity Sector Crucial For Sustainability By Gbenga Abulude As Labour Union, Civil Society Organisations (CSOs) and the Federal Government continue to lock horns over a proposed industrial action due to the recent hike in fuel price and electricity tariff, an egghead in the nation's energy sector has observed…
September 18, 2020
Moves To Reduce The Shock Of Fuel Price Hike On Nigerians Says Plan Will Be Unveiled Next Month Targets FDI, Donor Agencies Makes Case For Eco-friendly Energy Sources The federal government is set to reduce the consumption of Premium Motor Spirit--PMS (petrol) in the country by rolling out a mass conversion plan that would see…
September 14, 2020
By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019, cutting forecasts for the second month in a row as risks with the pandemic and economic activity remains skewed to the downside. In its Monthly Oil Market…
September 14, 2020
By Hamilton Nwosa(Head, The New Diplomat's Polling, Research and data desk) The Nigerian National Petroleum Corporation (NNPC) has openly disclosed why it shut down four oil refineries across Nigeria. The Group Managing Director of the NNPC, Mele Kyari, who made the disclosure during a TV media programme explained that the four oil refineries located respectively…
September 10, 2020
By Yousef Alshammari Despite a moderate price rebound on Wednesday, oil markets have been under significant pressure since last week. ]Brent prices closed the week at $42.66, down by 6.88% w/w, while WTI closed at $39.77, down by 7.45% w/w, the largest weekly drop since June. The production recovery in the Gulf of Mexico, which was hit by hurricane…
September 10, 2020
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The national body of the All Progressives Congress (APC) has nullified all the suspensions and counter suspension among members of the Ekiti state chapter of the party. The New Diplomat had reported that a faction loyal to Governor Kayode Fayemi, had announced the suspension of 12 members of the party, including Senator Babafemi Ojudu, Special Adviser…
September 25, 2020
By Gbenga Abulude (Politics and General desk) The proposed nationwide industrial action by the Nigeria Labour Congress (NLC) and the Trade Union of Nigeria (TUC) received the support of of Banks and other financial institutions Wednesday, as the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to join the strike. NUBIFIE…
September 23, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Polling, Research and data desk) Mr Tony Elumelu, Chairman of both United Bank for Africa (UBA) and Transcorp Plc, respectively has been listed  along with three other Nigerians as among TIME magazine's 100 most influential persons in the world in 2020. The other outstanding  Nigerians  listed are Nigerian-American…
September 23, 2020
By Tsvetana Paraskova   Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener portfolio, sources in Shell involved in the costs review told Reuters. As early as in June, which capped one of the…
September 22, 2020
...To Avert Industrial Action Says Restructuring Of Electricity Sector Crucial For Sustainability By Gbenga Abulude As Labour Union, Civil Society Organisations (CSOs) and the Federal Government continue to lock horns over a proposed industrial action due to the recent hike in fuel price and electricity tariff, an egghead in the nation's energy sector has observed…
September 18, 2020
Moves To Reduce The Shock Of Fuel Price Hike On Nigerians Says Plan Will Be Unveiled Next Month Targets FDI, Donor Agencies Makes Case For Eco-friendly Energy Sources The federal government is set to reduce the consumption of Premium Motor Spirit--PMS (petrol) in the country by rolling out a mass conversion plan that would see…
September 14, 2020
By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019, cutting forecasts for the second month in a row as risks with the pandemic and economic activity remains skewed to the downside. In its Monthly Oil Market…
September 14, 2020
By Hamilton Nwosa(Head, The New Diplomat's Polling, Research and data desk) The Nigerian National Petroleum Corporation (NNPC) has openly disclosed why it shut down four oil refineries across Nigeria. The Group Managing Director of the NNPC, Mele Kyari, who made the disclosure during a TV media programme explained that the four oil refineries located respectively…
September 10, 2020
By Yousef Alshammari Despite a moderate price rebound on Wednesday, oil markets have been under significant pressure since last week. ]Brent prices closed the week at $42.66, down by 6.88% w/w, while WTI closed at $39.77, down by 7.45% w/w, the largest weekly drop since June. The production recovery in the Gulf of Mexico, which was hit by hurricane…
September 10, 2020
