INTERNATIONAL

History is made as Ngozi Okonjo-Iweala assumes as Director-General

WTO RACE: At last, the US endorses Okonjo-Iweala

At last, the United States has endorsed Dr. Ngozi Okonjo-Iweala as a candidate for the post of Director General of the World Trade Organization (WTO) following the withdrawal of South Korea’s Trade Minister Yoo Myung-hee. In a statement from the Office of the United States Trade Representative sighted by The Daily, www.thedaily-ng.com, the nation stated: […]

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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory

BREAKING: Bonny Light rises to 58.93 per barrel as Iraq, Kazakhstan, others commit to oil cut

By Eyo Nsima The price of Nigeria’s Bonny Light has risen to $58.93 per barrel in the international oil market, thus increasing hope for the execution of the nation’s 2021 budget. The budget was benchmarked on $40 per barrel, and 1.8 million barrels per day, mb/d. The prices of other crudes, including Brent, OPEC Basket

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History is made as Ngozi Okonjo-Iweala assumes as Director-General

WTO RACE: Korean candidate quits, leaving Nigeria’s Okonjo-Iweala as last woman standing

The South Korean Trade Minister, Yoo Myung-hee, has withdrawn from the World Trade Organisation, WTO race. The battle to become the next Director General of the World Trade Organization (WTO) was highly contested by Nigeria’s Ngozi Okonjo-Iweala and the South Korean Trade Minister, Yoo Myung-hee. This means that Okonjo-Iweala now remains the only candidate for

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How Panamax runs aground at Suez Canal

MARITIME ACCIDENT: How Bulk carrier runs aground in Greece

Bulk carrier SALLY M with a cargo of salt ran aground at Katakolo port entrance, Pyrgos, Greece, Ionian sea, according to FleetMon. It stated: “According to local sources, the ship ran aground in the morning Feb 5, but according to track, SALLY M ran aground much earlier, at around 1600 UTC Feb 4, on arrival

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Nigerian importers kick against surcharge on Cargoes by International Shipping Firms

Ro-ro cargo ship runs aground on resort island beach in the Philippines

Ro-ro cargo ship TRANS-ASIA 5 has run aground in the morning Feb 5, 2021, in Cebu Strait on the coast of Cabilao Island in the Philippines, according to FleetMon. It stated: “Ro-ro cargo ship TRANS-ASIA 5 ran aground in the morning Feb 5, 2021, in Cebu Strait on the coast of Cabilao Island, Philippines, being

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CNL decries the circulation of false recruitment information

Chevron makes an offer to acquire Noble Midstream Partners LP

Chevron Corporation has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP (NASDAQ: NBLX), to acquire all of the publicly held common units representing limited partner interests in NBLX not already owned by Chevron and its affiliates (the Common Units). In a

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WORLD WETLANDS DAY: FG, NCF collaborate to preserve wetlands in Nigeria

The Federal Ministry of the Environment and Nigerian Conservation Foundation (NCF), have collaborated to mark the 2021 World Wetlands Day (WWD). The event was marked on Tuesday, February 2, 2021, via a webinar with the theme, “wetlands and water” which was targeted at reflecting on the challenges and solutions associated with the conservation of wetlands

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MARITIME: Global accident rises by 2.7% to 76

MARITIME ACCIDENT: How Ferry runs aground on reefs twice in Indonesia

Ferry SABUK NUSANTARA 62 has run aground on the reefs twice in less than 48 hours, in Raja Ampat Regency waters, West Papua, Indonesia, according to FleetMon. It stated: “Ferry SABUK NUSANTARA 62 ran aground on the reefs twice in less than 48 hours, in Raja Ampat Regency waters, West Papua, Indonesia. The first grounding

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OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna

OIL MARKET: Kazakhstan, Iraq pledge to compensate for overproduced volumes

OIL MARKET: Kazakhstan, Iraq pledge to compensate for overproduced volumes Kazakhstan has pledged to make up for its previous over-production, according to the Organisation of Petroleum Exporting Countries, OPEC. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC stated: “Kazakhstan continues to demonstrate its full support for the decisions taken at OPEC and non-OPEC Ministerial Meetings (ONOMM), most recently the 13th

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Energy Transition: How gas will play a key role in Africa --- Oando

Oando Foundation Commemorates decade of Progress as it marks 10th anniversary

Oando Foundation, an independent charity founded in 2011 to support the Nigerian Government in achieving its Universal Basic Education goals, is pleased to announce the commemoration of its tenth (10th) year anniversary on February 4, 2021. According to Oando, the Foundation was established in 2011 by Oando PLC, Nigeria’s leading indigenous energy solutions provider, with

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