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FG says Nigeria has lost her most-valued crude oil customers

FG says Nigeria has lost her most-valued crude oil customers

Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies were massively shifting focus to alternative fuels, as the threat posed by the push for renewables was seriously gaining momentum. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority at the opening ceremony of the Midstream and Downstream Petroleum Industry HSE Managers’ Forum in Abuja. The Chief Executive, of NMDPRA, Farouk Ahmed, who was represented by the agency’s Executive…
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IMF says Nigeria, others at risk of political instability over Inflation

IMF says Nigeria, others at risk of political instability over Inflation

The International Monetary Fund, IMF has said Nigeria and other countries in the Sub-Saharan African region risk social and political instability and worsening food insecurity because of rising inflation. According to the IMF, inflation has nearly doubled pre-pandemic levels in the region, adding that while there is a significant difference between countries, the median inflation rate in the region increased to almost nine percent in August. It said, “And even though the rise has been less dramatic than in other parts of the world, and the drivers are different, inflation is nearly double pre-pandemic levels, risking social and political instability…
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UK prime minister, Liz Truss resigns

The United Kingdom Prime Minister, Liz Truss, on Thursday, stepped down from her role. Her resignation was coming barely two months after coming into office. Truss, who spend 45 days in office, said she would step down after a week-long emergency contest to find her successor She announced her decision to step down on Thursday outside Downing Street. “I entered office with a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit,” Truss said. She added, “I recognise that, given the situation, I cannot deliver the mandate on which I was elected by the…
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Herders on reprisal attack kill 2 policemen, 16 residents in Benue

Herders on reprisal attack kill 2 policemen, 16 residents in Benue

Two policemen and 16 other residents were killed on Wednesday when some herders on reprisal attacked Gbeji community in the Ukum Local Government Area of Benue State. The state Commissioner of Police, Wale Abass, stated that the crisis started on Tuesday, when five herdsmen were killed. He said, “Two Fulanis coming from Taraba State in a Keke Napep were stopped by some locals, who attacked and killed them. “Simultaneously, close to Anyiin in Logo LGA, two other Fulanis were killed. Also, at another village, one of the herders was attacked and killed. Thereafter, locals rustled his cows, butchered and shared…
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Today, Nigerians mourn victims of Lekki massacre, take stand on 2023 elections

Today, Nigerians mourn victims of Lekki massacre, take stand on 2023 elections

Exactly two years ago (October 20, 2020) the entire country was plunged into mourning following shootings in the Lekki Tollgate allegedly carried out by the Nigerian Army to stop the youths protesting against police brutality. Recall that Nigerian youths across the country had in October 2020, staged nationwide protest over extrajudicial killings by the disbanded Special Anti-Robbery Squad, SARS. At about 6:50 p.m on October 20, 2020, officers of the Nigerian Army allegedly opened fire on unarmed protesters who converged at the Lekki Tollgate, leading to the death of several unsuspecting citizens. DAILY POST recalls that a report by Amnesty…
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