Connect with us

News

OPEC: Nigeria now second largest producer in Africa as oil output rises to 1.18m bpd

Published

on

 

The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria’s oil production increased to 1.18 million barrels per day (bpd) in August 2023 — up from 1.08 million barrels in July.

In its monthly oil market report released on Tuesday, the oil cartel said Nigeria fell behind Libya on the list of Africa’s largest crude oil producers.

OPEC said the country’s output performance was based on direct communication covering the month of August 2023.

Although the 100,000 barrels increase pushed Nigeria up from its previous third place to the second position and was not enough to displace Libya, it, however, closed the gap between the West African country and the North African nation.

Data released by the organisation showed that Libya increased its crude oil level from 1.17 million bpd to 1.92 million bpd to retain the number one spot.

Others on the top five list are Angola, Algeria, and Congo — retaining the third, fourth, and fifth positions, respectively. The three countries reported a decline in their crude oil output in August, according to OPEC.

See also  Nigeria’s debt rises by N20.8tn, servicing gulps N10.26tn

Angola produced 1.12 million bpd in the review month, recording a decrease in its output when compared with July’s production figure of 1.14 million bdp.

The oil cartel said Algeria’s output level fell to 939,000 bpd, in contrast with the previous month’s 955,000 barrels. Also, Congo recorded the same fate — closing August with 272,000 bdp against July’s 282,000 barrels.

OPEC secondary sources reported that the 13 OPEC members produced a combined 27.45 million bpd in the month under review, with Iran, Nigeria and Iraq contributing largely.

“According to secondary sources, total OPEC-13 crude oil production averaged 27.45 mb/d in August 2023, higher by 113 tb/d m-o-m,” OPEC said.

“Crude oil output increased mainly in IR Iran, Nigeria and Iraq, while production in Saudi Arabia, Angola and Venezuela decreased.”

But contrary to the report by OPEC, Mele Kyari, the group chief executive officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited said Nigeria produced 1.67 million bpd in August, inclusive of condensate.

See also  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Two trapped as three storey building collapses in Ebonyi

Nigeria’s oil output (including condensate) was 1.29 million bpd in July, while the figure stood at 1.48 million bpd in June.

News

Bauchi Gov Bala Mohammed dumps PDP for APM

Published

on

By

Governor Bala Mohammed of Bauchi state has resigned his membership of the Peoples Democratic Congress (PDP).

The governor announced his decision to join the Allied Peoples Movement (APM) during a stakeholders’ meeting on Saturday.

See also  Good morning! Nigerian Newspapers Headlines: Nigeria wins $6.2m arbitration against UK tech firm in e-procurement contract dispute
Continue Reading

News

I don’t reply when Obi’s supporters abuse me because I want peace —Amaechi

Published

on

By

Former governor of Rivers state and ex-minister of transportation, Rotimi Amaechi, has claimed that supporters of Peter Obi, the 2023 Labour Party (LP) presidential candidate, have “abused” him, but that he has refused to respond.

Amaechi spoke on Friday in Lagos at a town hall convened by his supporters under the aegis of the African Democratic Congress (ADC) progressive movement.

He said he has warned his supporters to argue with facts instead of engaging in online abuse of party chieftains or political opponents.

“My people don’t fight. Have you seen any Amaechi person fighting on social media? It is between Atiku people and the Obi people. And Obi people are abusing me; we never reply,” he said, according to a video posted on X by CRA27 Advocacy, his campaign network.

“It’s not because we don’t know English or we cannot reply. The reason we don’t reply is that we always want peace.”

See also  Newly-elected Kaduna assembly member, Madami dies four days after inauguration

He said his camp avoids verbal attacks to keep the opposition united ahead of the elections.

“There are things you say when you want to win, because it becomes difficult to bring everybody together. Because we know we will win, we’re not abusing everybody, so we can bring everyone together. I’m careful what I say,” he said.

“My team is under permanent instruction: don’t abuse anybody in ADC. Even Mr President — don’t abuse the president, show the facts.”

Amaechi, who contested for the presidency in 2023 on the platform of the All Progressives Congress (APC), but came second in the primary won by President Bola Tinubu, officially joined the ADC on March 6 and is seeking the party’s 2027 presidential ticket alongside Obi and former Vice-President Atiku Abubakar.

At the Lagos event, Amaechi reiterated his ambition, urging Nigerians to assess his record against that of Obi and the former vice-president.

“Compare me to Peter Obi — we were governors at the same time. If he’s a better governor, please choose him. Although the former vice-president was not a governor, he was once a vice-president. Compare my role as governor, as minister, with the role he played as vice-president. If he’s a better person, please choose him,” he said.

See also  Actress Lizzy Anjorin faces N30m ‘defamation’ suit

He added that he played more roles in public service than the other ADC figures, citing his hands-on approach to infrastructure projects.

“When you are sleeping, I’m running on this track, coming back to Lagos by 2 a.m. As minister, from Ibadan, making sure this job was completed on time — I wasn’t sitting in my office writing or reading memos. I made sure that either once or twice a month, I’m on this track. When we were building Kaduna–Kano, the same thing,” he said.

Amaechi described himself as a “practical man” who understands realities on the ground.

“I’m young. I’m on the street. I know what the problems are. As a minister, as a former governor, I eat in the same restaurants people eat. I don’t go to all these big men’s restaurants because they don’t give me the kind of food I ate when I was small,” he said.

He urged supporters of Obi and Atiku to close ranks, warning that internal divisions could weaken the opposition.

See also  I’ve given my best to Nigeria, says Buhari in Washington

“If you cause this kind of friction, it will be difficult to come together to defeat Tinubu. Focus on defeating Tinubu. On the day of the primary, go and vote for your own candidate, so that when your candidate wins, you’ll be able to bring everybody together,” he said.

Amaechi added that political leaders are influenced by their supporters, warning that persistent hostility could undermine future cooperation within the party.

Continue Reading

News

Former Adamawa APC governorship candidate, Binani dumps ADC for NDC

Published

on

By


Nine months after leaving the All Progressives Congress (APC) to join the African Democratic Congress (ADC, Aisha ‘Binani’ Dahiru, who was the 2023 governorship candidate of the APC in Adamawa state, has defected to the Nigeria Democratic Congress (NDC).

The move, which was announced on Friday, comes exactly nine months after she left the APC for the ADC.

Binani was presented with her NDC membership card at a ceremony where Seriake Dickson, the party’s national leader, welcomed her and announced her as the head of the NDC in Adamawa, pending internal democratic processes.

Speaking at the event, the former governorship candidate said she was drawn to the NDC after a careful study of its constitution.

According to her, the NDC constitution demonstrates “a strong commitment to structured, policy-driven governance.”

“Some may point out that just nine months ago, I was at another party. Let me say clearly that I will never condemn where I came from,” she said.

See also  Soldiers intercept 132 bags of indian hemp worth N5.8m in Ondo

“Politics is dynamic and often local in nature, and decisions are made based on prevailing realities.”

Binani said she was encouraged by her supporters to move to the NDC.

“About nine months ago, we collectively made the decision to join our former party. But over time, for reasons best known to them, my supporters felt it was necessary to move on. They took the initiative and urged me to join the NDC,” she said.

According to her, loyalists had already built significant inroads into the NDC before her formal declaration, resulting in Adamawa recording the highest number of registered members in the party.

“I always say that no individual can succeed in politics alone. It is the supporters who drive the process, build the foundation, and sustain the journey,” she added.

She expressed gratitude to the NDC’s national working committee (NWC) for the warm reception and called for “fairness, equity, justice, transparency, and, most importantly, the strengthening of internal democracy” within the party.

See also  COVID-19: Nigeria bans flights from Turkey, Brazil, India, South Africa

While welcoming Binani and her supporters, Dickson, described the party as an inclusive platform ready to accommodate new entrants and expand its base.

“This party is open, inclusive, and ready to harness your energy, ideas, and strength. My dear sister, once again, you are welcome,” the former governor of Bayelsa said.

“As the chairman has rightly said, the flag of leadership of the NDC in Adamawa has now been handed over to you.

“We are confident that when the party’s democratic processes are concluded, we will gather again in Adamawa to formally engage with the good people of the state and to continue building this movement together.”

Continue Reading

Trending News