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NNPC Signs Pact with Partners to Resolve OML 130 Dispute

…Resolution Will Immediately Unlock about $510million of Gas Revenue In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and $510million in the long run for the Federation, the Nigerian National Petroleum Corporation (NNPC)…

COVID Fears Cause Oil To Fall Back After A Brief Rally

Oil prices rallied to multi-month highs mid-week on stronger EIA data. But the market narrative remains the same – tightening fundamentals set against a weak macro backdrop has kept oil prices stuck in a narrow trading range. On Friday, prices fell back, erasing some gains. BP divestment to help transform the company. BP (NYSE: BP)…

UK: School can appeal over results as exams are cancelled due to COVID-19

With GCSE and A-level exams cancelled due to the coronavirus pandemic, schools in England have been told they will be able to challenge results which may not reflect improvements in their performance. Because students have not sat exams this year, grades are being calculated by combining teachers’ estimates for individual pupils with a statistical model…

Anti-government protests rocks Beirut after blast

Security forces in Beirut have used tear gas against anti-government protesters in clashes following Tuesday night’s explosion in which more than 130 people died. Many in Lebanon blame government negligence for the blast which levelled entire districts of the capital. More than 2,700 tonnes of the chemical ammonium nitrate, which was being stored at a…

IGP Adamu threatens to N10bn damages suit against Sahara Reporters if…

The Inspector-General (I-G) of Police, Mohammed Adamu, on Thursday, threatened to sue Sahara Reporters and its publisher, Mr Omoyele Sowore, over a publication considered to be defamatory if a retraction was not published within seven days. Adamu denied the said report in a letter signed by his Lawyer, Dr Alex Izinyon, SAN, which was sent…

Fasanmi & the Opportunity for Reinvention, by Dare Babarinsa

Those who knew Senator Ayo Fasanmi would not have been surprised about the outpouring of tributes for the statesman. Though the last time he was directly involved in the art of governance was in 1983, he remained political active throughout the rest of his life, providing mentorship to younger generations of Nigerian leaders. Paying tribute…

Beirut Death Toll Rises After Enormous Explosion

Beirut is reeling and Lebanon is in grief after a powerful explosion tore through the capital’s port area on Tuesday. The enormous blast, which officials said was driven by thousands of tons of ammonium nitrate, killed at least 137 people and injured thousands more. Emergency crews are still working to find all the victims. “No…

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