Trendbrio.com

News and Entertainment Update

Live
News
Isaac Fayose Accuses Tinubu Administration of Selfishness, Desperation for Power 01
02
News
Man Charged With Threatening To Kill US Vice President, JD Vance
03
News
2027: Rivers Leaders Don’t Need Governor to Mobilize Support for Tinubu – Wike
04
Entertainment
Real Reason I Fought With My Wife Natasha In London – 2Baba
05
News
US Vice President J.D. Vance Booed During 2026 Winter Olympics Opening Ceremony in Milan

Tag: OPEC

Ex-Oil Minister Diezani Alison-Madueke Appears In London Court Ahead Of Bribery Trial

Wale busari02 mins

Former OPEC president and Nigeria’s ex-oil minister, Diezani Alison-Madueke, appeared in a London court on Monday ahead of her upcoming trial on bribery charges linked to her time in office from 2010 to 2015. Alison-Madueke, Nigeria’s first female oil minister and the first woman to serve as OPEC president, has been on bail since her arrest in London in October 2015 and has denied all six charges against her. She was formally charged in 2023 by the UK’s National Crime Agency (NCA) over allegations that she accepted bribes while in office. At the time, the NCA said, “We suspect Diezani Alison-Madueke abused her power in Nigeria and accepted financial rewards for awarding multi-million-pound contracts.” The indictment alleges that Alison-Madueke received at least £100,000 ($134,000) in cash, chauffeur-driven cars, private jet flights, and access to several London properties. It also details other benefits, including furniture, property renovations, staff for the properties, payment of private school fees, and luxury gifts from brands such as Louis Vuitton. The trial is set to begin on Monday, January 26, and is expected to last 10 to 12 weeks. Two other individuals, Doye Agama, who appeared via video link, and Olatimbo Ayinde, who was present in court, are also being prosecuted on bribery charges linked to the case.

Read More

Former OPEC President Diezani Alison-Madueke Appears In London Court Ahead Of Bribery Trial

Wale busari03 mins

Diezani Alison-Madueke, Nigeria’s former oil minister and a past president of OPEC, appeared before a London court on Monday as proceedings began ahead of her bribery trial. The opening phase of the case is focused on preliminary and procedural issues, including jury selection, with Alison-Madueke present in court. The substantive trial is slated to start on Monday, January 26, and is expected to run for about 10 to 12 weeks. Alison-Madueke served as Nigeria’s minister of petroleum resources between 2010 and 2015, making history as the first woman to hold the position and later the first female president of the Organization of the Petroleum Exporting Countries. Now 65, she has been on bail since her arrest in London in October 2015 and has pleaded not guilty to all six counts brought against her. In 2023, the UK’s National Crime Agency formally charged her over alleged bribery offences said to have taken place between 2011 and 2015, during her time in office. “We suspect Diezani Alison-Madueke abused her power in Nigeria and accepted financial rewards for awarding multi-million-pound contracts.” Court documents allege that she received benefits worth at least £100,000, including cash payments, chauffeur-driven vehicles, private jet flights and access to several properties in London. Prosecutors also claim the rewards extended to luxury items and services such as designer goods from stores including Louis Vuitton, furniture, home renovations, household staff and the payment of private school fees. Two other defendants are facing related bribery charges in the case. Doye Agama joined Monday’s hearing by video link, while Olatimbo Ayinde was physically present in the dock.

Read More

Nigeria Meets 96% of OPEC Quota In August

Fola Badmus03 mins

By Prince Iroka Nigeria’s upstream oil sector recorded a year-on-year increase in output, averaging 1.63 million barrels per day (bopd) of crude oil and condensates in August 2025, up from 1.58 million bopd in the same period last year. This is based on Crude Oil and Condensate Production for August 2025, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend. A breakdown of August 2025 production comprises 1.43 million bopd of crude oil, which grew 5.47 per cent compared to August last year, which posted a daily crude oil average of 1.36 million bopd. This reflects a steady recovery and improved operational performance across the industry. Daily condensate production in August stood at 197,229 bpd, reflecting a slight decline from 220,435 bpd in August 2024. Notably, Nigeria’s crude oil output in August met 96 per cent of its OPEC quota, which is set at 1.5 million bopd. This demonstrates the country’s capacity to meet its production targets under the OPEC agreement. On a month-on-month basis, there was a slight 4.7 per cent drop in combined crude oil and condensate production from 1.71 million bopd in July. Similarly, crude oil production itself declined by 4.8 per cent, down from 1.5 million bopd in July 2025. The month-on-month drop was driven by a single day unscheduled maintenance at an oil facility. In the month of August, the lowest and peak combined crude and condensate production were 1.59 million bopd and 1.85 million bopd respectively. In the review month, Forcados Terminal topped the production charts, delivering a total of 8.99 million barrels, including 8.08 million barrels of crude oil and 915.2k barrels of condensates. Following closely was Bonny Terminal, which produced a combined 6.26 million barrels, consisting of 5.8 million barrels of crude and 418.27k barrels of condensates. Meanwhile, Qua Iboe Terminal recorded a total of 4.99 million barrels, with 4.94 million barrels of crude and 50.5k barrels of condensates. Escravos Oil Terminal also made a solid contribution, producing 4.18 million barrels, comprised of 4.08 million barrels of crude oil and 107k barrels of condensate.

Read More