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OPEC Increases 2022 Global Oil Demand Forecast By 1mbpd

Organisation of the Petroleum Exporting Countries (OPEC)
Cartel’s data confirms Nigeria unable to meet August production quota Group says country’s economic recovery constrained by inflation, illiquidity The Organisation of Petroleum Exporting Countries (OPEC) yesterday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd), to 100.83 million bpd. This was a 4.15 million bpd increase from the 2021 figure and a steep hike from the 3.28 million bpd growth projection it made last month. Pegging its optimism of stronger pace of demand recovery on a steady economic outlook in all regions, OPEC stated that vaccination rates had continued to rise, whileRead More

Coup In Guinea As Soldiers Oust President Condé

Coup in Guinea as Soldiers Oust President Condé
Nigeria, UN chief condemn development Democratic gains recorded on the continent, yesterday, suffered another tragic setback, when soldiers in Guinea, in an apparent coup d’etat, seized power from the country’sRead More

Nigeria Struggles To Meet OPEC’s Crude Oil Quota

Crude oil
Records 2.8m barrels supply shortfall in August Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by theRead More

OPEC+ May Stick To Planned Output Hike On Oil Price Rebound

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounceRead More

Abba Kyari: DIG Egbunike Panel Submits Report To IG

Abba Kyari: DIG Egbunike Panel Submits Report To IG
The Deputy Inspector-General of Police (DIG) Joseph Egbunike-led panel set up by the police high command to investigate the allegations levelled against suspended Deputy Commissioner of Police (DCP) Abba Kyari,Read More

13 US Service Members Killed In Two Kabul Explosions

Medical and hospital staff bring an injured man on a stretcher for treatment after two blasts, which killed at least five and wounded a dozen, outside the airport in Kabul on August 26, 2021.
Thirteen Americans were killed on Thursday in two suicide bombings around the airport in Kabul, Afghanistan, where U.S. forces have been working to evacuate thousands of U.S. and Afghan civilians.Read More

Buhari Ratifies Nigeria’s Membership Of International Coffee Organisation

President Muhammadu Buhari
Nigeria has been formally accepted as a member of the International Coffee Organization (ICO). This was sequel to President Muhammadu Buhari’s confirmation and ratification of the International Coffee Agreement, 2007,Read More

Several Killed In Afghanistan City After New Taliban Government Fires On Protesters Tearing Insurgents’ Flags – Report

Afghan protesters against Taliban
There are already signs of popular opposition to Taliban insurgents after they recently regained power in Afghanistan. Protesters in Asadabad were reportedly waving the national flag after tearing down theRead More

UN: We’re In Emergency Times

United Nations (UN)
The United Nations has said the world has passed the stage of possibility of climate emergency but at a point of living through it. The UN in a statement issuedRead More

How Nigerian Diplomat Elbowed Indonesian Immigration Official, Made Him Bleed – Indonesia Defends Assault On Nigerian Envoy

Nigerian diplomat, Abdulrrahman Ibrahim, being assaulted by Indonesian immigration officers
The Indonesian High Commissioner to Nigeria, Usra Harahap, has revealed that assaulted Nigerian diplomat, Abdulrrahman Ibrahim, was the first aggressor during his encounter with Indonesian immigration officers. Ibrahim was onRead More