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    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

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    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

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    FG launches Startup Support, how to apply

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    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    NSCDC officers shoot Abuja students during examination

    NSCDC officers shoot Abuja students during examination

    Abia State: Governor Alex Otti appoints new Head of Service

    Abia State: Governor Alex Otti appoints new Head of Service

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    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Old naira notes to remain legal tender until further notice, Supreme Court rules

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

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    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    JUST IN: FG revokes 1,633 mining licences

    JUST IN: FG revokes 1,633 mining licences

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    FG lists 4 border points in Ukraine Nigerians can cross to safety

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    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

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    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

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    Access Holdings Plc announces death of Chairman

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    Binance users pull over US$1 billion from the crypto exchange

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    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

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    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI Closed Bullish, Up 8bps

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 15bps amid red market activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI closed positive, 32bps despite negative trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Closed Positive, Up 5bps

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

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Breaking: OPEC+ agree to boost oil output after Saudi and UAE end standoff

Sunday, 18 July 2021, 1:00 pm
in News, World
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Breaking: OPEC+ agree to boost oil output after Saudi and UAE end standoff
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OPEC and its allies (OPEC+) has reached an agreement that will gradually increase oil supply following the resolution os dispute between Saudi Arabia and the United Arab Emirates.

The oil cartel in a meeting on Sunday resolved to boost output by as much as 400,000 barrels a day each month from August, until all of its halted output has been revived Bloomberg reported.

Saudi Arabia, the UAE, Iraq, Kuwait and Russia higher baselines against which their production cuts are measured from May 2022.

Read also: Only Bua, Dangote and Golden Sugar can import sugar into Nigeria – CBN

The 19th OPEC and non-OPEC Ministerial Meeting was held on Sunday via videoconference under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy and Co-Chair HE Alexander Novak, Russian Deputy Prime Minister, together with HE Dr. Diamantino Pedro Azevedo, #OPEC President and Angolan Minister of Mineral Resources and Petroleum, and OPEC SG.

The agreement reached at the meeting puts and end to the disagreement between two long-time allies as well as an ease to a possible supply squeeze or price war.

Saudi Energy Minister Prince Abdulaziz bin Salman said “Instead of ‘I am back,’ we will say ‘we are back,” while celebrating the compromise.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

MTN Nigeria to pay over N200 billion final dividend for 2022

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FG opens application for 4IR technologies, where to apply

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NSCDC officers shoot Abuja students during examination

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‘Ghana Must Go’ bags banned at airports – FAAN

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Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

Norwegian Energy company Equinor sells its Nigerian business

Norwegian Energy company Equinor sells its Nigerian business

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