Mcebisco 
Nigeria’s oil production, including condensates, surged to 1.69 million barrels per day (mbpd) in November 2024, marking a 9.9% increase from October’s output of 1.538mbpd. This is according to the latest report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report highlighted a significant 11.42% boost in crude oil production, which rose to 1.48mbpd … Read more
A Bayelsa state High Court, Nembe Division, has granted Kayode Egbetokun, inspector-general of police (IGP), a 42-day grace period to appear in court. As reported by Premium Times, the summon is related to an N649 million hotel lodging debt suit filed by Darius Obiene, the owner of Euphemie Motel in Opu-Nembe, Nembe local government area … Read more
The Federal Bureau of Investigation (FBI) Director, Christopher Wray, declared on Wednesday his intention to resign in January, prior to the inauguration of United States of America President-elect Donald Trump. In a statement communicated to the FBI and made public by the agency, Wray said after extensive consideration, he concluded that the best course of … Read more
Sue Agazie, a former PhD student from Nigeria at Newcastle University, has had her tuition fees refunded following distress caused by her inability to pay for her studies. Facing removal from the UK while undergoing treatment for stage five kidney disease, Mrs. Agazie filed a complaint against the university. Complaint and University Response According to … Read more
A Nigerian businessman said the crashing dollar exchange rate might not immediately affect the prices of goods. The man said that, as a businessman, Nigerians should not expect him to drop the prices of imported goods in his store. He said the effect of the falling dollar exchange rate may not be felt for at … Read more
Supporters of President Bola Ahmed Tinubu, under the banner of the Asiwaju Social Network (ASoN), North West Zone, have accused certain northern politicians of fueling banditry in the region. In a statement signed by Hon. Lukman Hamza and Comrade Aliyu Zuberu, ASoN alleged that these individuals aim to undermine Tinubu’s administration and called on security … Read more
The Central Bank of Nigeria (CBN) has adjusted the Customs duty rate for cargo clearance in Nigeria’s ports. The apex bank reviewed the Customs duty downward following the stellar performance of the Nigerian currency, the naira, in the official and parallel markets. CBN reduces rates for cargo clearance Data from the Customs trade portal shows … Read more
Two people have reportedly died after an explosion rocked a 200 housing estate under construction in Dalwa, Borno State. Channels Television reports that an Improvised Explosive Device exploded and killed the two persons at about 1pm on Wednesday. Dalwa is a community that is about 175 kilometres away from Maiduguri. According to the report, the … Read more
Petroleum marketers have been cautioned by the federal government through Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun to refrain from hoarding and any other sharp tactics prior to, during, and following the holiday. Residents of the state were also cautioned by the agency not to store petroleum products at home or engage … Read more
Long dependent on fossil fuels before emerging a champion of offshore wind power, Danish company Orsted is now struggling to restore its business after dropping several major projects. Orsted was dealt a $4 billion blow last year when it cancelled wind farm projects in the United States, a crucial market for the group. The return … Read more