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Nigerian government gets revenue boost as oil prices near $60

File Photo Nigeria revenue profile may get a further boost in the days ahead as oil prices near $60 per barrel in a move propelled by the Organisation of Petroleum Exporting Countries (OPEC). U.S. West Texas Intermediate crude oil futures rose to their highest levels in nearly a year on Friday with Brent traders zeroing in on the psychological $60 a barrel level on economic revival hopes led by strong compliance with the planned output cuts by OPEC+. Also contributing to the gains were a government report that showed another draw in crude stockpiles, optimism over a speedier U.S. economic recovery on the prospect of additional stimulus from Washington and a successful rollout of the U.S. vaccination program. OPEC+ maintained its oil output policy at a meeting last Wednesday, a sign produce...

Official: Akwa Ibom teachers to face sack over truancy, laxity

Akwa Ibom state Government has stated its determination and readiness to henceforth disengage any teacher under its employ displaying acts of truancy and academic laxity. Chairman of the State Secondary Education Board (SSEB), Dr Ekaette Ebong Okon, who made this known weekend while interacting with newsmen in Uyo, said government has discovered that secondary school teachers posted to rural areas always abandon their work for farming and trading activities. Dr. Ebong who did not particularly mention the schools involved, described the development where some teachers do not work for and still receive monthly salaries as unfortunate. Her words, “We have to persuade teachers in our schools to do their work. I am not afraid to tell you that most people who take up government jobs as teachers ...

ICC ruling brings hope for Palestinians, dismay for Israelis

Many Palestinians see a ruling by the International Criminal Court that it has jurisdiction over the Palestinian territories as a belated chance of justice for victims of Israeli attacks. But for many Israelis, Friday’s ruling is worrying because they say they are the “good guys” defending themselves against Palestinian violence. The ruling, delivered by a pre-trial chamber of three ICC judges, could lead to criminal investigations of Israel and Palestinian militant groups including Hamas. No probe was expected in the near future, however. ICC prosecutor Fatou Bensouda said she would now examine the decision and pointed to the 2014 Gaza war between Israel and militant groups in Hamas-controlled Gaza, the 2018 Gaza border protests and Israeli settlements in occupied territory. In Khan Youni...

Liverpool fullback: I haven’t been good enough this season

Liverpool fullback Trent Alexander-Arnold admits his performances haven’t been up to standard this season. Alexander-Arnold has claimed there is no excuses for his below-par showings and has claimed he is committed to rediscovering his best form. In an interview with Sky Sports, he was asked if he was playing at the top level this season: “Me? No. “There’s been times this season I felt like I’ve been playing quite well. Recently I’ve been trying to get back into that rhythm I was talking about earlier from a personal point of view. “It’s been a tough reason in that respect in just trying to find that rhythm and get back into it and just letting things happen naturally. It’s been quite difficult. “But again there’s no excuses. I want to try to make things happen for the team and perform as ...

Woman sets sister, three others on fire over inheritance

A woman identified simply as Imole, allegedly set an apartment in Idimu area of Lagos, occupied by her sister and members of her family on fire, over an argument over her share of their late father’s four rooms apartment. Doctors at Alimosho General Hospital were still battling to save the lives of the victims, weekend. Information at newsmen’s disposal had it that Imole visited her elder sister on Dupeolu Street, Pipeline area of Idimu, last Friday, to demand that the four rooms be shared equally between them. But her sister was said to have declined, offering her one room, as she explained that their father had other wives whose children were also beneficiaries. A heated argument according to eyewitnesses ensued between the siblings, at the end of which Imole was pacified. However, at mi...

NNPC declares N13.43 billion trading surplus for November 2020

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion 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 Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...

3 Tech Trends that will Transform 2021

2020 can be defined by dramatic change. On every front, from health to economic, political to social, the pandemic has forced individuals and businesses to adapt in a hurry. The long-term effects will not be truly understood for at least another year, but in the short term, some more agile businesses are making quick decisions and shifting priorities. How? With the ability to transform quickly thanks to two enablers – a culture where change is anticipated, and a stable platform of digital capabilities. Take DHL Express, for example: Suddenly faced with the unprecedented growth of online shopping deliveries, it quickly scaled its IT platform to fulfil this demand. Or Philips, which invested in best-in-class process excellence to ensure business continuity and well-documented enterprise arch...

Official: NDLEA seizes N1.4 billion worth of cannabis in Edo

The National Drug Law Enforcement Agency (NDLEA) in Edo State said it has uncovered suspected cannabis warehouses in Ukpuje forest in Owan West Local Government Area of the state. Buba Wakawa, the state commander of the agency, announced this at a news conference on Saturday in Benin City. Mr Wakawa said the village had four large warehouses with 233,778 kilogrammes of dried weeds suspected to be cannabis. The substance, according to him, has an estimated street value of more than N1.4 billion. Seven people believed to be running the cannabis trafficking syndicate have been apprehended, he said. “This is the largest single concentration of cannabis discovered by the command,” he added. Mr Wakawa said while the quantity seized weighed 2,249 kilogrammes, others weighing 231,529 kilogrammes w...