Written by The Nigerian National Petroleum Company (NNPC) Ltd, in partnership with the TotalEnergies–Sapetro Consortium, has executed a Production Sharing Contract (PSC) for Petroleum Prospecting Licences (PPLs) 2000 and 2001, marking the first under the Petroleum Industry Act (PIA) to cover both crude oil and natural gas exploration and production. The PSC signing ceremony was held … Continue reading “NNPCL, TotalEnergies–Sapetro Sign First Deepwater PSC”
Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine. The market is also weighing whether the upcoming U.S. jobs data will lead to interest rate cuts. Brent crude added 37 cents, or 0.54%, to $68.52 a barrel by 7:17 AM WAT, while … Continue reading “Oil Rises As Ukraine War Increases Supply Worries”
Stocks were muted, the dollar steadied near five-week lows, and gold climbed to record highs on Tuesday, as investors awaited economic data this week that could reinforce expectations for a Federal Reserve rate cut in September. Reuters reported that markets widely expect the Fed to lower interest rates later this month, pricing in an … Continue reading “Dollar Wobbles On US Rate Outlook”
Gold climbed to a new record Tuesday as investors sought out safe havens, while Japan’s Nikkei and the Hang Seng pushed higher, waiting for Wall Street’s return after the Labor Day holiday. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The … Continue reading “Gold Glitters To New High As Asia Stocks Mixed”
EU military spending is set to hit a fresh record of 381 billion euros in 2025, as countries plough more money into warding off Russia, the bloc’s defence agency said Tuesday. The 10-per cent rise comes as European members of NATO have committed to massively ramp up spending under pressure from US President Donald … Continue reading “EU Defence Spending To Hit Record €380bn In 2025”
Naomi Osaka delivered a statement win at the US Open by thrashing home favourite Coco Gauff in the last 16 on Monday as Jannik Sinner and Iga Swiatek charged into the quarter-finals. The Japanese star powered past third seed Gauff 6-3, 6-2 in a highly-anticipated but lopsided fourth-round showdown of former US Open champions … Continue reading “Osaka Crushes Gauff At US Open As Sinner, Swiatek Roll Into Quarters”
President Bola Tinubu has celebrated Vice President Kashim Shettima on the occasion of his 59th birthday, describing him as a loyal partner in the task of building a more prosperous Nigeria. The President, in a goodwill message shared by his aide, Bayo Onanuga, on X on Monday, said the day provided a “unique opportunity” … Continue reading “Tinubu Hails Shettima at 59, Praises VP’s Loyalty”
The Nigerian woman, Abilo Lovelyn Bunenizibe, who accused her ex-husband of stalking and harassment has narrated how his mother maltreated her when she was pregnant. Sharing a screenshot of a message she received from the woman, Abilo accused her of intentionally starving her during pregnancy. She further claimed that the woman accused her of faking pain after … Continue reading “She starved me during pregnancy, said I was faking pain after C-section – Nigerian woman accuses her ‘devoted Christian’ ex-mother-in-law of maltreatment”
Bose Ogulu, the mother of singer Burna Boy, is marking her 35th wedding anniversary with her husband. She took to Instagram to share throwback photos from her wedding and fron the early days of their union. She also shared recent photos of her and her husband. In the caption, she celebrated her husband, acknoweldged the three children they … Continue reading “Burna Boy’s mother celebrates 35th wedding anniversary by releasing never-before-seen throwback photos of her and husband”
A Vietnambased Nigerian, Samson Nwaubani, has been k!lled in a communal clash between the Okwu and Umuajata communities in Umuahia, Abia State. It was gathered that the incident occurred on Tuesday, August 27, during the annual New Yam festival held in Olokoro after a confrontation between a resident of Umuajata and another from Okwu degenerated into … Continue reading “Vietnam returnee k!lled in Abia communal clash”