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    Renaissance surpasses oil output target by 40% in first month

    OPEC DAILY BASKET

    No changes to oil production policy expected at OPEC+ meeting

    London – OPEC+ isn’t planning to make any changes to oil production policy at next week’s monitoring meeting, several delegates from the group…

    OPEC daily basket price closes at $89.75 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $89.75 a barrel on Thursday, compared with $88.20 the previous…

    OPEC daily basket price closes at $84.62 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $84.62 a barrel on Wednesday, compared with $83.30 the previous…

    OPEC daily basket price closes at $76.90 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $76.90 a barrel on Wednesday, compared with $82.07 the previous…

    OPEC daily basket price closes at $79.77 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $79.77 a barrel on Tuesday, compared with $83.16 the previous…

    OPEC daily basket price closes at $83.16 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $83.16 a barrel on Monday, compared with $83.97 the previous…

    OPEC daily basket price closes at $79.93 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $79.93 a barrel on Monday, compared with $83.80 the previous…

    OPEC daily basket price closes at $91.32 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $91.32 a barrel on Thursday, compared with $93.22 the previous…

    OPEC daily basket price closes at $93.22 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $93.22 a barrel on Wednesday, compared with $95.99 the previous…

    OPEC daily basket price closes at $97.32 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $97.32 a barrel on Monday, compared with $96.15 the previous…

    OPEC daily basket price closes at $96.15 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $96.15 a barrel on Friday, compared with $93.51 the previous…

    Latest News

    Gold faces weekly loss as trade optimism reduces safe-haven demand

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    Renaissance surpasses oil output target by 40% in first month

    May 16, 2025

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    May 16, 2025

    President Tinubu charts a new course for Nigeria’s tax system

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    May 16, 2025

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    May 16, 2025
    May 2025

    Monthly Edition

    E-book

    Oil

    Renaissance surpasses oil output target by 40% in first month

    Mkpoikana Udoma Port Harcourt — In a striking debut, Renaissance Africa Energy Company Limited has exceeded crude…

    Aramco signs up to $90bn in US deals as Trump’s Gulf tour spurs flurry of tie-ups

    May 16, 2025

    Asharami Synergy drives innovation, customer-centric fuelling solutions in aviation

    May 16, 2025

    NNPC Ltd withheld N500bn revenue in 2024 – World Bank

    May 15, 2025

    Navy foils crude heist worth millions, destroys illegal refinery in Bonny

    May 15, 2025

    Gas

    Africa urged to end billion-dollar gas flaring

    ‘Europe will need competitive pricing to refill gas storage’

    Gas

    Africa urged to end billion-dollar gas flaring

    ‘Europe will need competitive pricing to refill gas storage’

    Seplat Energy commits to leading Nigeria’s indigenous gas revolution

    Power

    Rockefeller Foundation’s Clean Energy deal to unlock $110bn investment in developing countries

    Oritsegbubemi Omatseyin  Lagos– The Rockefeller Foundation is unveiling a Coal to Clean Credit Initiative, CCCI, which aims…

    Schneider Electric’s Panel Builder Programme empower local builders

    May 12, 2025

    China pushes ahead in battery technology race

    May 9, 2025

    Africa’s solar boom: What businesses must do now to reap the benefits

    May 8, 2025

    Otti to acquire EEDC assets in Abia power expansion plan

    May 7, 2025

    Finance

    President Tinubu charts a new course for Nigeria’s tax system

    Oritsegbubemi Omatseyin  Lagos — President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to comprehensive tax reforms, aimed…

    Nigeria unveils climate investment platform to unlock $500m in green finance

    May 16, 2025

    Nigeria inflation drops to 23.71% in April, says NBS

    May 16, 2025

    Near-term equity pullback looms as market awaits next week’s inflation data

    May 15, 2025

    These 10 countries have the most to lose if the dollar crashes

    May 15, 2025
    May 14, 2025

    Read the Weekly Edition

    Labour

    Norway oil workers reach wage deal

    Swedfund invests in preservation and creation of African SME jobs

    Rivers NLC decries FG’s harsh economic policies

    Gas flaring threatens health, jobs in oil sector, PETROAN warns on Workers’ Day

    Niger-Delta Question

    Namibia’s cabinet approves upstream local content policy

    Solid Mineral

    Gold faces weekly loss as trade optimism reduces safe-haven demand

    Gold continues to decline amid a de-escalation climate

    Gold cools as trade tensions and inflation ease simultaneously

    Gold prices rebound after yesterday’s fall

    Community Development

    Ogbuku okays legal drive to tackle Niger Delta challenges

    Freight

    Heads of Marine and Blue Economy agencies sign 2025 Performance Bonds with Oyetola

    Customs intercept explosives concealed in Quran at Seme border

    NIMASA confirms single digit interest rate on CVFF disbursement

    Snake Island Port recommits to Nigeria’s industrialization goals

    Technology

    Wärtsilä introduces next-generation engine

    Focus

    Wärtsilä introduces next-generation engine

    ‘Mining, geosciences key to Nigeria’s economic diversification’

    Speed will define the technology landscape in 2025

    Global progress and challenges for autonomous buses & roboshuttles

    Nigerian Content Initiative

    Libya’s bid round draws 40+ applicants

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