Home Topics Stephen Brennock
Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases.
The oil output of the Organisation of the Petroleum Exporting Countries (OPEC) fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found.
Oil edged higher toward 73 dollars a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.
Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand.
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November.
Work on the proposed Zamfara State College of Nursing Sciences will commence soon, the Speaker, Zamfara State House of Assembly, Alhaji Nasiru Magarya, has said.
The Lagos State House of Assembly will ascertain all police stations and other properties destroyed in the wake of the #EndSARS protest and solicit the government‘s assistance to rehabilitate them, a lawmaker has said.
The governorship candidate of the Peoples Democratic Party (PDP) in the October 10 polls in Ondo State, Eyitayo Jegede, has urged the Elections Petitions Tribunal to upturn the election which returned Rotimi Akeredolu as governor.
President of the European Council, Mr Charles Michel, has reiterated Europe’s support for Nigeria’s Dr Ngozi Okonjo-Iweala as the next Director-General of the World Trade Organisation (WTO).
Disclosing this during the weekly briefing on security operations in Abuja on Friday, the Coordinator, Defence Media Operations, Maj. Gen. John Enenche, explained that two kidnappers, Yahaya Mohammed and Juli Ardo were arrested at Zalau Village in Toro Local Government and Lariki Village in Kirfi Local Government Area, all in Bauchi State.
Over seventy public and private property in Calabar, the Cross River State capital, have been looted, vandalized, destroyed and burnt by thousands of people suspected to be hoodlums.
The National Union of Road Transport Workers (NURTW) has called for immediate the disbursement of the Federal Government’s N10 billion COVID-19 palliative for transport operators.
‘‘My enemies are hard at work in 2020. Mrs. Njoku and I tested positive for Covid19. Weary face. I’m not feeling great but Mary is well. Face with medical mask. Nauseated face. Literally no idea how I caught it. Man shrugging. But we shall see this pass too Folded hands’’.
The Lagos State Emergency Management Agency (LASEMA) says it is supporting the Lagos State Waste Management Agency (LAWMA) in a concerted effort to restore order and a clean environment in the state following the destruction of business and private premises resulting from the looting and other activities by hijackers of the ENDSARS protests.
A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has recommended the setting up of a commission to handle the affairs of Nigerian youths.