Oil prices fell more than 1% towards $40 per barrel on Wednesday after a report revealed a surge in United States’ oil storage, reigniting worries over glut and poor demand owing to the coronavirus crisis. American Petroleum Institute, an industry group, said oil stocks upped by 8.4 million barrels, contrary to analysts’ forecast envisaging a fall. Brent crude futures depressed 88 cents or 2.14% to $40.30 per barrel by 10:06 West Africa Time just as U.S. West Texas Intermediate (WTI) futures fell by $1.06 or 2.72% to $37.88 a barrel. Nigeria’s Bonny Light weakened by 83 cents or 2.06% to $39.55 at the previous session.…
Author: ACNN TV
Retired Colonel Abubakar Dangiwa Umar, the former military Administrator of old Kaduna State was lucid, diplomatic and patriotic in a recent memo, nay open letter, he sent across to President Muhammadu Buhari. But he was equally critical of Buharism as regards the retired General’s nepotism and sectional lopsided appointments in his embattled administration. Col. Umar cannot be dismissed with a wave of the hand as a political or military novice given his years of meritorious service to the nation. Therefore, his considered opinion counts since, in our reckoning, it represents a voice of reason in a season of creeping tyranny. Col.…
The death toll arising from the assault launched by heavily armed jihadists linked to the Islamic State group (known as ISWAP) on Felo village in Borno State has risen to 69. This was revealed on Wednesday by security sources and residents in the area who informed that the terrorists shot and ran over residents in the village with vehicles in the assault on Tuesday. According to an eyewitness who declined to be named, the death toll had risen from 59 to 69 after 10 more bodies were discovered in the countryside around the herding community. “They actually killed 69 persons. More bodies…
A son of late General Sani Abacha, Sadiq has said that funds traced to his father and kept outside the country were done for a reason. Sadiq stated this in an interview with the BBC Hausa Service on Wednesday but failed to state what those reasons were. He also said that, of all their father’s friends they only relate well with family members of a former military leader, Ibrahim Babangida. He said they still had some relationship with the family of President Muhammadu Buhari. Abacha, a former Nigerian military leader had continued to make headlines for bad reasons 22 years after…
The Nigeria Senate on Wednesday confirmed Mr. Lamido Yuguda as the Director-General of the Nigeria Capital Market. The confirmation followed a satisfactory report submitted to the Committee of the whole of the Senate by the Chairman of the Senate Committee on Capital Market. Chairman of the Committee, Senator Ibikunle Amosun explained that the nominees appeared before its Committee for screening and their profiles were judged satisfactory. According to him, the Committee worked within the time limit given to it because of the volatile nature of the Capital Market, saying that vacuum should not be left as a result of the…
The Minister of Power, Sale Mamman, has said that Nigerians currently enjoy between 18 and 24 hours of power supply every day. Mamman made the disclosure on Tuesday during an interview with the Nigerian Television Authority, noting that the President Muhammadu Buhari administration had improved the infrastructure in the power sector. “The President has come out with the Presidential Power Initiative (PPI) to ensure that all infrastructures are improved. So, many substations are now in place across the country. We have improved the 330 KVA which is the highest voltage in the country. “We have also improved the 132 substations. Kashimbilla has…
Former Kaduna Central Senator, Shehu Sani, has asked the federal government to treat all Nigerians with fairness irrespective of tribe. Sani was speaking on the backdrop of calls by a foremost separatist group, IPOB, demanding a split of the country. He advised that Igbos be treated with fairness and justice to defeat IPOB. IPOB led by Nnamdi Kanu has been at the forefront to actualise the sovereign state of Biafra, thereby breaking up Nigeria. A few days ago, the Presidency accused Kanu and his group of trying to destroy Nigeria before the international community. And Kanu boasted that his group…
The House of Representatives has passed the new 2020 reviewed budget with N4 billion allocation to the Resident Doctors Act to forestall pending strike by the resident doctors. The House passed a new budget of N10.805trillion. With a recurrent expenditure of N4.942trillion, debt servicing at N2.488trillion, statutory transfer of N422 billion and capital expenditure of N2.4trillion. Details soon…
The Christian Association of Nigeria, Kaduna State chapter, has expressed appreciation to Governor Mallam Nasir Elrufai, for allowing places of worship to reopen from Sunday this week (14th June). In a statement on Wednesday, Chairman CAN, Kaduna State, Rev John Joseph Hayab said, “We know that people have stayed under restrictions for about 75 days. “During the period, many experienced hardships, but it should not be a regrettable experience because it actually helped to reduce the number of persons infected and we recorded a lower deaths rate in our dear state.” Rev. Joseph Hayab, who is also the Vice President…
George Floyd’s death has triggered a groundswell of outrage and activism by religious leaders and faith-based groups across the United States, reminiscent of what occurred during the civil rights movement in the 1960s. Conservative and mainstream religious leaders are joining with Black churches, progressive Catholics and Protestants, Jewish synagogues and other faith groups in calling for police reforms and efforts to dismantle racism. Floyd, a 46-year-old African-American man, died after a white Minneapolis police officer pressed his knee into Floyd’s neck for nearly nine minutes on May 25. The officer has been fired and charged with second-degree murder, but protesters and…