Month: February 2021

BREAKING: Oil Prices Surge Pass $60 Per Barrel, Highest In Over A Year

ADEOLA YUSUF

  Brent oil prices on Monday shot past $60 a barrel for the first time in more than a year. This came with investors growing increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic. The commodity climbed 1.26 percent to $60.19 a barrel — its highest since January last year — as asset markets rallied on the back of vaccine rollouts, slowing virus infections and hopes that President Joe Biden’s huge stimulus proposal will be passed by US lawmakers. Crude has been on the rise for…

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Oil prices hit $60 per barrel, One-year high

ADEOLA YUSUF

  Oil prices on Monday hit $60 per barrel (approx), the highest point in the last one year at the first trading session for the week. Brent futures sold at $59.95 per barrel, boosted by supply cuts among OPEC+ members and hopes that the stimulus package in play at the world’s largest economy would see the light of the day. At the time of writing this report, Brent crude traded at $59.95 a barrel thereby touching its one-year high. Also U.S. West Texas Intermediate crude futures rallied by 1%, to…

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How Ex-NBA Head, APC Chairman were gruesomely murdered within 24 hours

ADEOLA YUSUF

  “His (Nwakwo) bulky frame was lying lifeless inside his office in the pool of his congealed blood with deep cut of a machete on his neck.” …Hit with a plank on his head, the APC Chairman collapsed and was confirmed dead at the hospital”   Details have emerged on how two prominent Nigerians; the former Chairman of the Owerri chapter of the Nigeria Bar Association, Ndionyema Nwankwo, and Ward Chairman of the All Progressives Congress, Gboko South, Gboko Local Government Area, Tersoo Ahu, were gruesomely murdered within 24 hours.…

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BREAKING: Why NNPC’s trading surplus hit ₦13.43bn, surged by 54% in November

ADEOLA YUSUF

      Details have emerged on the reason the trading surplus by the Nigerian National Petroleum Corporation (NNPC) hit ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, The trading surplus or trading deficit is derived after deduction of the expenditure…

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Teachers flee as Nigeria’s Osun Students beat Principal to Coma

ADEOLA YUSUF

  The Police command in Osun state, Southwest Nigeria, has arrested a 19-year-old student of Oduduwa College, Ile-Ife area of the state for reportedly beating the school principal, Mr Ademola Sanusi, to coma. The “ugly incident,” which happened on Friday February 5, an eye witness Jamiyu Ogundele, told Platforms Africa, saw the teachers who were at the scene to scamper into safety, fleeing to avoid being mercilessly beating by the notorious student and his gang. “He is said to be the arrowhead of the evil act and he is presently…

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Kidnappers storm Abuja again, abduct 4 Persons After 3-Hour Operation

ADEOLA YUSUF

  Emboldened by the relative success they have recorded so far, Kidnappers have stormed Abuja, Nigeria’s administrative capital, again in a three-hour operation, which ended in the abduction of four more persons. The attack, which came less than two hours after the release of PUNCH journalist, Okechukwu Nnodim kidnapped on Thursday, was carried out at Tungan Maje town in Gwagwalada area of the Federal Capital Territory (FCT). An eyewitness said that the kidnappers operated for three hours, from 12 am to 3 am on Sunday. At the end of the…

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Shell mulls onshore exit, takes hard look at Operations in Nigeria

ADEOLA YUSUF

  “Developments like we are still seeing at the moment mean that we have to take another hard look at our position in onshore oil in Nigeria,” Shell’s top executive Ben van Beurden declares Royal Dutch Shell has declared plans to take a “hard look at its operations onshore Nigeria,” including possible outright exit from the terrain, due to persistent issues with theft and sabotage in the Niger Delta. Chief executive of the supermajor, Ben van Beurden, who gave this hint, declared that all the company’s efforts to end crude…

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BREAKING: Kidnappers demand N10m, free Punch Journalist Nnodim 2 days after

ADEOLA YUSUF

  “It has been a traumatic day for all of us. He is my friend. 3 years ago he lost his son. Last year he lost his father. He just concluded the burial after Christmas,” Nnodim’s friend says     After a ‘demand for N10 million ransom’ was placed on his head and two nights in abductors’ den, the Punch journalist, Okechukwu Nnodim, has been released. Though Nnodim could not be reached on phone as at the time of filing this report, his friends, family members and colleagues who confirmed…

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Okonjo-Iweala gets US nod, becomes first woman, African to head WT0

ADEOLA YUSUF

  Here is the full gist of the U-turn by the U.S. after its immediate past President Trump declared WTO as the worst trade deal the U.S. ever signed, and why the South Korea’s Yoo withdrew from race at the eleventh hour     The United States (U.S.) gave its formal backing to Ngozi Okonjo-Iweala to lead the World Trade Organization, removing the final obstacle to her bid to be the first woman and the first African to run the Geneva-based trade body. “Dr. Okonjo-Iweala brings a wealth of knowledge…

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No going back on indefinite strike, UNILAG workers declare

ADEOLA YUSUF

  Workers under the auspices of Non Academic Staff of Universities (NASU), University of Lagos chapter, have declared that there was no going back on the indefinite strike embarked upon by their members, until the Nigerian Government acceded to their demands. Addressing journalists on Friday, in Lagos, Nigeria’s commercial capital, after a Congress meeting of the union, convened to officially declare the strike action, Mr Kehinde Ajibade, Chairman, UNILAG NASU, said the union would resist any form of intimidation or force to return to work, until their demands were met.…

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