Day: October 25, 2021

Oil Price Hits New Peak, Surges Pass $85 per Barrel

ADESUPO OSOSANYA

Oil climbed $85 a barrel after Saudi Arabia said that the Organization of Petroleum Exporting Countries, OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic. Global benchmark Brent was 0.2 per cent higher in early Asian trade following a run of seven consecutive weekly gains, the longest such streak since March. Saudi Arabia Energy Minister Prince Abdulaziz bin Salman told Bloomberg Television at the weekend that producers shouldn’t take the rise in prices for granted as similar…

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Friends, Family Remember Fountain Varsity Don Who died Day He Bagged PhD

ADEOLA YUSUF

  “Exactly the time his colleagues were stepping out at the University of Ilorin for their PhD Honours, he was being lowered into his grave in Iwo.”   Family, friends and colleagues have taken to social media to remember Dr. AbdulHafeez Adedimeji, a lecturer at the Fountain University, Osogbo who died on the day he bagged a PhD. Reacting to an update by a Nigerian Senior journalist, Semiu Okanlawon, tagged “Irony!” many still expressed shock at the sad incident, which occurred on October 23, 2016, Platforms Africa reports. The pity-evoking…

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REVEALED: Real Reasons Nigeria’s Cooking Gas Price Skyrocketed –Ecogas Boss

ADEOLA YUSUF

“The NPSC LPG terminal at Apapa with 8000MT capacity had been unproductive for over 6 months because of a protracted maintenance, that could have taken private sector to carry out in less than 30 days.”   Sixty per cent of the Liquefied Petroleum Gas (LPG) also known as cooking gas consumed in Nigeria is imported. Platforns Africa reports that the Chief Executive Officer of Ecogas Energy Resources Limited, one of the major processors and distributors of LPG in Nigeria, Chief Shina Luwoye, who disclosed this in an interview with newsmen…

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How PIA Altered Dynamics for Nigeria’s Oil, Gas Legal Frameworks – NAPE

ADEOLA YUSUF

NAPE Rallies Practitioners, Government Officials, Academia for 39th Annual Int’l Conference and Exhibition   The Petroleum Industry Act (PIA) represents the most comprehensive review of the legal framework for the oil and gas sector in Nigeria since the industry began commercial operations in the 1960s. Highest body of Petroleum explorationists in sub-Saharan Africa, the Nigeria Association of Petroleum Explorationists (NAPE), which said this during a virtual press conference to herald its 39th Annual International Conference and Exhibition (AICE), maintained that the conference, which would take an indepth look at the…

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e-Naira’ll be accessible By All, CBN Says As Buhari unveils e-Currency

Aliyu Aliyu

Nigerian President Muhammadu Buhari on Monday unveiled the e-Naira at the Presidential Villa, Abuja, where the Central Bank of Nigeria (CBN) promised to make the digital currency accessible by everyone. Platforms Africa reports that Buhari launched the country’s digital currency at the Presidential Villa, Abuja. The event, according to Platforms Africa, had in attendance the Vice President, Yemi Osibanjo; Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele; Attorney General of the Federation, Abubakar Malami; among others. READ ALSO: Buhari to Unveil eNaira, Nigeria’s First Digital Currency, Monday Buhari…

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Oyo Jailbreak: How 275 Inmates Were Recaptured, 69 Refused to Escape

Gbenga Adeoti

Some fleeing Oyo inmates were arrested in beer parlours, prostitute enclaves, among others in Oyo while 13 were re-arrested in Osun state. 69 never left the facility   No fewer than 275 inmates who escaped during attack on Oyo Medium Security Custodial Centre, in Oyo State, have been recaptured. A report by Platforms Africa quoted the spokesperson of the Nigerian Correctional Service, Oyo State Command, Anjorin Olanrewaju,to have said that about 575 inmates are still at large. A source at the Correctional home told Platforms Africa that some of the fleeing inmates…

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