Oil Prices Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February

Oil Prices Hits $70/b as Nigeria’s output surpasses OPEC+ quota for February. Oil price steadied after the Organization of the Production Export Countries released its monthly report, with Brent crude maintaining its earlier gains, trading above $70 a barrel on Thursday.

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a challenge for the producer group in enforcing adherence to agreed output targets.

In its monthly report for March 2025, OPEC+, which includes OPEC plus Russia and other allies, in February raised output by 363,000 barrels per day to 41.01 million bpd, led by Kazakhstan.

The hike is more than twice as much as a scheduled 138,000 bpd rise in OPEC+ output starting in April as the group phases out its most recent layer of output cuts.

The plan for higher output, as well as concern about trade tariffs, have put downward pressure on oil prices. Kazakhstan, the world’s largest landlocked country, has been producing at a record high, and well above its OPEC+ quota, as U.S. oil major Chevron.

Oil Prices

According to the OPEC data, which it compiles from secondary sources, Kazakhstan produced 1.767 million bpd of crude in February, up from 1.570 million bpd in January. Kazakhstan’s OPEC+ quota is 1.468 million bpd.

The OPEC data also showed some other OPEC+ nations such as the United Arab Emirates, Nigeria and Gabon pumping above their quotas, but by far smaller amounts.

Governor Abiodun Welcomes League of Imams, Alfas for Special Ramadan Iftar

Governor Abiodun welcomes league of Imams, Alfas for special Ramadan Iftar. Governor Dapo Abiodun of Ogun State hosted the League of Imams and Alfas for a special Iftar, fostering unity and religious harmony during the holy month of Ramadan.

The gathering highlighted the essence of Ramadan as a time of devotion, self-discipline, and virtues like patience and charity. Governor Abiodun emphasized the need for self-restraint and compassion towards the less privileged, in line with Islamic teachings.

Governor Abiodun

He prayed for Allah (SWT) to accept the fasting and prayers of all Muslims, grant them strength, and bless Ogun State with peace and prosperity.

Governor Adeleke Endorsed South West Games 2025

Governor Adeleke Endorsed South West games 2025. Osun State Governor, Senator Ademola Adeleke, has fully endorsed the South West Games 2025, calling it a transformative initiative that will drive youth empowerment and regional socioeconomic growth.

During a courtesy visit at the State House in Osogbo, Governor Adeleke received the President of the South West Games 2025, Akogun Lanre Alfred, and members of the organizing committee. He, along with his Deputy, Prince Kola Adewusi, was presented with a customized tournament jersey.

Expressing excitement about the event, Adeleke pledged his unwavering support and confirmed his attendance at the tournament’s kickoff on March 25, 2025.

“The South West Games 2025 is a landmark initiative that will redefine sports and youth development in our region. Sports inspire discipline, growth, and success, and I am proud to endorse this noble cause. I will be there to witness history in the making,” he stated.

Adeleke, known for his dedication to youth empowerment and grassroots engagement, praised the tournament’s vision, emphasizing its alignment with his administration’s goals of economic development and talent promotion in Osun and beyond.

Governor Adeleke

The South West Games 2025 will feature 1,200 athletes and 120 officials from across the six South West states, promising an exciting showcase of talent and competition.