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World : OPEC+ Countries Produced Oil Below Target In July – IEA Report

MOSCOW, Aug 12 (Bernama-Sputnik/RIA Novosti) -- OPEC+ countries with voluntary restrictions increased oil production by 1.52 million barrels per day in July to 34.53 million barrels per day, the International Energy Agency (IEA) said in its latest report on Wednesday, reported Sputnik/RIA Novosti.

We haven't written up this one. Bernama has the full story — the link below goes straight to it.

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NICON, Nigeria Re fighting a lost battle against NAICOM, source says

NICON Insurance Limited and Nigeria Reinsurance Corporation are fighting a “lost battle” in their dispute with the National Insurance Commission (NAICOM) over the recently concluded insurance sector…

  • NICON Insurance and Nigeria Reinsurance Corp. contest NAICOM's recapitalization process.
  • Ibrahim opposed increased minimum capital requirement for reinsurance companies.
  • NAICOM revoked operating licenses of the two companies.

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