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Akpabio Presses for APC Unity at National Caucus Meeting, Decries Rising Insecurity

December 19, 2025

Gunmen Kidnap Biu LG Vice Chairman, Two Councillors in Borno

December 19, 2025

Buhari Knew Nigerians Were Disappointed With His Tenure, Confesses Daughter

December 19, 2025

Tinubu Reconstitutes NERC Board, Urges Deeper Power Sector Reforms

December 19, 2025

Shettima Leads Nigeria’s Delegation as ECOWAS Holds 68th Summit in Abuja

December 14, 2025

Irate Mob Maul Zamfara Rep Over Poor Performance

BY admin
December 18, 2025

Four Rivers Reps Dump PDP for APC as Fubara Camp Expands

BY admin
December 19, 2025

Akpabio Presses for APC Unity at National Caucus Meeting, Decries Rising Insecurity

BY admin
December 19, 2025

RSU Student Reportedly Detained After Viral

December 12, 2025

Restaurant Workers Arraigned for Attempted Murder

December 12, 2025

Cure for Sickle Cell Now Available

December 11, 2025

Yagba East LGA Denies Reports of

December 8, 2025

Canada Faces Rising Homelessness Global Ranking

December 8, 2025

Trending Stories

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“Natasha: Senate Expresses Confidence in Akpabio’s Leadership”

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Politics

APC Strengthens Presence in Southern Kaduna as Political Leaders Defect

BY Bamidele Atoyebi

Senate Clarifies Why Senator Natasha was Suspended

BY steadfast mmesoma

BE PURPOSEFUL AS A POLITICIAN

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Crude Oil Policy Unchanged: Domestic Refiners Continue To Qualify For Naira-Based Supply

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Medicine After Death

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Ogun Government Suspends Awujale Selection, Orders Fresh Process

December 19, 2025

Four Rivers Reps Dump PDP for APC as Fubara Camp Expands

December 19, 2025

Akpabio Presses for APC Unity at National Caucus Meeting, Decries Rising Insecurity

December 19, 2025

Most Recent News

Ogun Government Suspends Awujale Selection, Orders Fresh Process

December 19, 2025

Ogun Government Suspends Awujale Selection, Orders Fresh Process

Four Rivers Reps Dump PDP for APC as Fubara Camp Expands

December 19, 2025

Four Rivers Reps Dump PDP for APC as Fubara Camp Expands

Akpabio Presses for APC Unity at National Caucus Meeting, Decries Rising Insecurity

December 19, 2025

Akpabio Presses for APC Unity at National Caucus Meeting, Decries Rising Insecurity

Tinubu Urges Governors to Comply With S’Court Judgment on LG Funds, Calls for More Women in APC Caucus

December 19, 2025

Tinubu Urges Governors to Comply With S’Court Judgment on LG Funds, Calls for More Women in APC Caucus

Glut in Nigeria’s Crude Sales, as 20 Million Barrels Await Buyers

December 19, 2025

Glut in Nigeria’s Crude Sales, as 20 Million Barrels Await Buyers

Glut in Nigeria’s Crude Sales, as 20 Million Barrels Await Buyers Nigeria is facing fresh challenges in the global oil market as about 20 million barrels of its crude oil scheduled for December and January loading remain unsold, traders have disclosed. According to market sources quoted by Reuters, the unsold volumes highlight growing difficulties for West African crude producers, including Nigeria and Angola, as they grapple with weak demand and stiff competition from cheaper alternative supplies in the international market. The report noted that Angola’s December–January loading programme also still had between five and six cargoes available, bringing the total unsold West African crude cargoes to as many as 26 for the two loading months. Traders and analysts attributed the situation to an oversupplied global oil market, where buyers are increasingly selective due to abundant options from other regions. Analysts explained that the difficulty in placing Nigerian and Angolan crude is a clear symptom of a broader oil market surplus. This excess supply has weighed heavily on prices, triggering sell-offs in the international futures market. As a result, Brent crude fell below $60 per barrel earlier this week, hitting its lowest level since May. The price drop reflects concerns about oversupply, slowing global demand, and increasing competition among oil-producing nations. For Nigeria, Africa’s largest oil producer, the development raises concerns about revenue pressures, especially as the country depends heavily on crude oil exports for foreign exchange earnings and budgetary funding. Prolonged difficulty in selling crude cargoes could further strain government finances and impact economic planning. Market watchers say unless global demand improves or supply tightens, Nigerian crude may continue to face pricing and placement challenges in the coming months, adding to uncertainty in the country’s oil-dependent economy.

December 19, 2025

Glut in Nigeria’s Crude Sales, as 20 Million Barrels Await Buyers Nigeria is facing fresh challenges in the global oil

Test of Balls as Natasha Snubs Ban on Public Gathering by Kogi Govt. Presses Ahead with Constituency Visit

A high-stakes standoff is unfolding in Kogi State, Nigeria, as Senator Natasha Akpoti-Uduaghan, representing Kogi Central Senatorial District, refuses to cancel her planned “homecoming” and Sallah rally, despite a directive

BY favour momodu
April 1, 2025

Crossdresser, Bob Risky Arest: Reality or April Fools Joke?

Nigerian crossdresser and socialite, Idris Okuneye, popularly known as Bobrisky, has triggered mix of confusion and intrigue when he took to Instagram to announce that he had been arrested

BY favour momodu
April 1, 2025

Nigeria Mourns Passing of Visionary Leaders: 5 Notable Politicians Who Left Indelible Footprints

The first quarter of 2025 has been a gloomy period for Nigeria, as the country bids farewell to five iconic political leaders who dedicated their lives to charting the course

BY steadfast mmesoma
April 1, 2025

China, Japan, South Korea Meet for Response to Trump’s Tarrifs

In an apparent move to determine adequate response to the Tarrifs being slammed on countries by President Donald Trump of America, China, Japan, and South Korea have met to

BY favour momodu
April 1, 2025

Israeli Finance Minister Bezalel Smotrich Resigns in the Wake of Coalition Government Tensions

Israeli Finance Minister, Bezalel Smotrich announced his resignation from the position on Sunday, citing increased tensions within the right-wing coalition government. Smotrich’s resignation, made in the form of a

BY chioma Jenny
March 31, 2025

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December 19, 2025

Ogun Government Suspends Awujale Selection, Orders Fresh Process

December 19, 2025

Four Rivers Reps Dump PDP for APC as Fubara Camp

December 19, 2025

Akpabio Presses for APC Unity at National Caucus Meeting, Decries

December 19, 2025

Tinubu Urges Governors to Comply With S’Court Judgment on LG

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