Despite Assurances, NNPC, Partners Still Far from Meeting OPEC’s 1.74m Bpd Oil Production Quota Nigeria recorded 560,000 bpd, 17.3m barrels deficit in August Estimated $1.47bn/N1.12tn gross revenue lost to underproduction in one month Emmanuel Addeh in Abuja Despite continuing assurances that Nigeria would soon meet its
Organisation of Petroleum Exporting Countries (OPEC) oil production quota, the country under-produced to the tune of over 560,000 barrels
per day in August 2023 or about 17.3 million barrels during the period under consideration. A THISDAY analysis of the latest
data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), showed that although Nigeria’s production increased
marginally from 1.08 million bpd in July to 1.18 million bpd in August, it was still a far cry from the 1.742 million bpd allocated to the country
by OPEC. That would leave Africa’s ‘biggest’ Continued on page 5
Delta, Akwa Ibom, Rivers Lead as 36 States Received N1.51tn Allocation in First Half 2023...
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LP: Election Court, APC Must Come Clean over Governing Party’s Imprint on CTC Judgement Chuks Okocha in Abuja
THE PHOTOGRAPHER PRESIDENT... L-R: President of The United States of America, Joe Biden taking photo of Director General of the WTO, Dr Ngozi Okonjo-Iweala (middle) flanked by US National Security Advisor, Mr Jake Sullivan, Personal Aide to the Okonjo-Iweala Ms Nicole Mensa and others discussing reform of the Dispute Settlement System at the G20 Leaders Summit in India
The Labour Party (LP), yesterday, called on the Presidential Election Continued on page 5
Tinubu Meets US President Joe Biden, Scholz, Yeol, Modi Holds audience with World Bank, European Commission presidents Canvasses practical next steps in bilateral relations American leader hails FG’s move to revive Nigeria's economy Applauds ECOWAS’ efforts in Nigerien crisis Tinubu heads to UAE, to discuss visa ban, flight suspension, others
Deji Elumoye in Abuja President Bola Tinubu, yesterday, met with United States President Joe Biden and three other major counterparts from Germany, South Korea, and India on economic diplomacy and canvassed practical next steps in bilateral relations among the nations. The meetings held on the sidelines of the G-20 summit in New Delhi were an opportunity for Tinubu to increase economic diplomatic relations at the bilateral and multilateral levels. Tinubu, who departed New Delhi for Nigeria with a stopover in Abu Dhabi, also held bilateral
talks with United Arab Emirates (UAE) authorities, especially as regards pending disagreement between the two countries. The president had audience with World Bank and European Commission presidents, and equally canvassed practical steps to improving bilateral relations with countries. Hailing the federal government’s move to revive Nigeria's ailing economy, Biden also applauded efforts by the Economic Community of West African (ECOWAS) resolve the Nigerien crisis. A release by the presidential Continued on page 5
Nigeria Needs 10 Years to Replace ON THE SIDELINES OF G20… 500 Migrating Doctors... President Bola Ahmed Tinubu (L) and United States President, Joe Biden during their meeting on the sidelines of G20 summit in New Delhi, India … yesterday Page 8