March 29, 2022

OPEC Daily Basket Price Now $113.39 Per Barrel

Hamilton Nwosa

Writer

The Nigerian prince who quietly built Africa’s biggest private oil empire

On a warm February evening in Abuja this year, the old order of Nigerian power gathered to celebrate one of its own. At the launch of Ibrahim Babangida’s autobiography and the fundraising for a new presidential library, oil money and political nostalgia flowed freely. When it was Prince Arthur Eze’s turn at the podium, the…

November 6, 2025 • Opinion

Senate approves 14-year jail term for lecturers who sexually harass students

By Obinna Uballa The Senate has passed a new law prescribing up to 14 years imprisonment for lecturers and other educators found guilty of sexually harassing students in tertiary institutions. The bill, titled Sexual Harassment of Students (Prevention and Prohibition) Bill, 2025 (HB.1597), was presented for concurrence on Wednesday by the Senate Leader, Opeyemi Bamidele…

November 5, 2025 • Headline

Irene: University of Ibadan 1983/84 M. Sc. Political Science class

By Bola Bolawole [email protected] 0807 552 5533, 0803 251 0193 When I first ran into the news on 28 October, 2025 on the platform of the University of Ibadan Political Science alumni association, of the transition of one Professor Irene Pogoson, I immediately fired the question: “Is this not the same Irene that was in…

November 5, 2025 • Opinion

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 113.39 dollars per barrel as at Monday, March 28.

This is compared with 115.99 dollars per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria (NAN), Abuja as released by OPEC on Tuesday.

The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Bonny Light (Nigeria) and Zafiro (Equatorial Guinea).

Others are Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
(NAN) (nannews.ng)

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