Oil prices today fell sharply to their lowest in more than a week. Brent crude futures were down $2.08, or 2.9%, at $69.40 a barrel around 7:01 AM WAT, after earlier tumbling more than 4% and touching its lowest level since June 11, reports AFP. U.S. West Texas Intermediate crude declined $2.03, or 3.0%, to […]
Oil prices stabilised today after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran’s “unconditional surrender”. Iran and Israel exchanged missiles for a sixth day, with the US President’s latest comments appearing to dent hopes that the crisis in the Middle East could...
•Governor Eno … flags off Int’l Convention Centre, Ibom Hotel Akwa Ibom State Governor, Pastor Umo Eno, has flagged off the reconstruction of the Ibom International Convention Centre and Hotels in Uyo, with a commitment to preparing the state for growth beyond oil. Speaking at the event held at the premises of the structures, he [&...
Oil prices soared and stocks sank today after Israel launched strikes on Iranian nuclear and military sites and warned of more to come, stoking fears of a full-blown war. Investors ran for the hills on news of the attacks and a warning from Tehran that its regional foe faced a “bitter and painful” fate, while […]
•John Mahama Ghana’s President John Mahama yesterday urged global firms to ramp up crude oil production in the West African nation before the global shift to renewable energy renders the resource worthless. He warned that Ghana risks seeing its oil resources stuck in the ground if drilling is not fast-tracked while demand still exists, reports...
Nigeria’s oil revenue is being threatened by the decline of oil prices below $60 per barrel, reaching levels reminiscent of the devastating downturn experienced during the peak of the COVID-19 pandemic. Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 PM WAT while US West Texas Intermediate fell by […]
Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, […]
Just two days after over 90 people were burnt to death in a tanker explosion that also left scores injured in Niger State, residents massed around another fallen truck in another community. The fresh incident occurred in Bida town on Monday. In a widely circulated video online, young persons were seen milling around the broken […]
•President Paul Kagame of Rwanda Rwanda said today it had made its first oil discovery, with confirmation of 13 reservoirs in Lake Kivu, which makes up part of its border with DR Congo. “The good news is that we have oil,” Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board, told a parliamentary […]
•Crude oil When the oil wells of the Niger Delta finally dry up or global demand fades, what will become of the millions whose livelihoods depend on the region’s black gold? This question was repeatedly raised during Civil Society Organisations (CSOs) gathering in Uyo, Akwa Ibom State today as they painted a stark picture of […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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