Folashade Ogunrinde

Oil prices rise on tight supply, renewed risk appetite

Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in...

COVID 19: Nigeria records 377 new cases, two deaths

Nigeria has recorded a surge in Covid 19 infections. This comes as an additional 377 positive samples were recorded on Wednesday, raising the country’s infection tally...

Senate passes MTEF, retains $57 per barrel as oil benchmark

The Senate on Wednesday passed the Medium-Term Expenditure Framework (MTEF), retaining the oil benchmark for the 2022 budget at $57 per barrel. The upper legislative...

Oil prices rise over $1 after report of big draw in U.S. crude stocks

Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two...

FG Writes OPEC, Seeks Higher Oil Production Quota

The Minister of State for Petroleum Resources Timipre Sylva says Nigeria has officially written the Organization of Petroleum Exporting Countries OPEC requesting a...

Okonjo-Iweala: Unequal access to COVID vaccines not acceptable

Director-General of the World Trade Organisation, WTO, Ngozi Okonjo-Iweala says the inequity in accessing COVID-19 vaccines is unacceptable. Okonjo-Iweala spoke after...

COVID 19: Nigeria records 513 infections

Nigeria on Tuesday recorded an additional 513 cases of Covid 19. The new positive samples raise the country’s infection ally to 202,704. According to the Nigeria...

BREAKING: Buhari writes Senate, seeks amendment of PIA

President Muhammadu Buhari has written to the Senate seeking to amend sections of the Petroleum Industry Act (PIA), 2021. Buhari’s request was contained in separate...

COVID: U.S. to relax travel rules for jabbed passengers from UK and EU

Vaccinated passengers will be able to enter the U.S. from the UK and EU from November onwards, ending almost two years of coronavirus travel restrictions. The new rules...

Oil rises as U.S. storm aftermath squeezes supply

Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on...