Day: July 16, 2025

Nigeria Hits OPEC 1.5mb/d Oil Production Quota

Abibat Babalola

Nigeria’s crude oil production soared a little above 1.5 million barrels per day in June, hitting the required quota by the Organization of the Petroleum Exporting Countries (OPEC). Data sourced from OPEC’s latest Monthly Market Oil Report (MOMR) for June noted that the country’s oil production hit 1.505mb/d in June 2025 from 1.453mb/d recorded in May 2025. However, the output was still below the targeted 2.06mbpd projected in the 2025 budget. According to OPEC’s data, this is the first time the country’s production output would meet the 1.5mb/d cuts quota…

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‘With Immediate Effect,’ Atiku Resigns From PDP, Gives Reason

Ganiyu Amodu

Former Vice President Atiku Abubakar has resigned his membership from the People’s Democratic Party (PDP) with immediate effect. In a letter dated July 14, 2025, and addressed to the Chairman PDP, Jada 1 Ward Jada LGA Adamawa State, Atiku said his resignation is due to irreconcilable differences that have emerged in the former ruling party. He noted that he found it necessary to part ways due to the current trajectory the party has taken, which according to him, diverges from the foundational principles it stood for. The letter reads, “I…

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