The Organisation of Petroleum Exporting Countries’ monthly data, yesterday, showed that the nation’s oil output, which fell in January to 1.419 million barrels per day, has further dropped to about 1.3 million barrels per day in February.
Last month, oil production dropped slightly to 1.419 million barrels per day against the 1.422 million barrels per day it was in December. In OPEC’s Monthly Oil Market Report for March, the country’s output slid to 1.32 million barrels per day in February 2024, from 1.42 mb/d in January 2024, representing a loss of 104, 000 barrels per day all through February.
Managing Partner at Kreston Pedabo, Ajibade Fashina, had said there might be concerns about the feasibility of oil outlook in the 2024 budget, especially considering the downward trend in oil prices. The eagerly awaited students’ loans scheme launch has been postponed indefinitely owing to some supposed irregularities, The Guardian can authoritatively report.
The ambition of Ondo State Governor Lucky Aiyedatiwa to clinch the ticket of the All Progressives Congress has continued to witness various twists, with 13 lawmakers in the state’s House of Assembly lashing out at the Speaker, Olamide Oladiji, for publicly endorsing Aiyedatiwa.