Oil Markets: OPEC+ to Ramp up Oil Production; 1,37,000 Barrels per day more from October

Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and…

Read More

NUPENG Insists on Nationwide Strike, Despite Efforts to Resolve Crisis

The Nigeria Union of Petroleum and Natural Gas Workers has insisted it is embarking on strike action on Monday, September 8, 2025, accusing management of Dangote Refinery of attempting to bring back slavery into Nigeria’s workforce. The union made this known in a statement by its President and General Secretary, Williams Akporeha and Afolabi Olufemi….

Read More

FG denies stoppage of 5-year non-immigrant visa for US citizens

The Presidency on Thursday faulted the claim of reciprocity by the United States government as the reason for its current visa policy towards Nigeria, saying that the claim does not accurately reflect the actual situation. The Presidency also said contrary to misinformation and fake news circulating online, President Bola Tinubu has never stopped issuing 5-year…

Read More