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Nigeria’s New 15% Fuel Import Duty: Strategic Gamble or Economic Overload?
[By Sola Adebawo] The federal government’s decision to impose a 15% ad valorem import duty on Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) marks a decisive shift in Nigeria’s energy strategy. Scheduled to take effect from November 21,…
NUPRC’s Komolafe bags doctorate, leadership awards
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has bagged a professional doctorate in leadership (Energy Law) from the International Business School of Scandinavia. According to a statement from the media unit of…
Oriental Energy readies Emem FPSO for Okwok operations
Sopuruchi Onwuka Indigenous independent producer, Oriental Energy Resources Limited (OERL)is working on the final stages of converting a very large crude carrier (VLCC) into a floating production facility for deployment in operated Okwok oilfield offshore Niger Delta. The vessel conversion…
Boxer develops square head from years of bare-knuckle fighting
A British boxer shaking the internet with stories of how his face has altered across year of his boxing career, making him square headed and taunted by strangers who do not understand his head injuries. Linx, from Shepherd’s Bush, West…
Trump to skip G20 summit, says bad things happen in South Africa’s
President Donald Trump of the United States will abstain from the upcoming summit of the group of world’s biggest 20 economies also called G20, saying that the event should have been hosted by South Africa. The US president who has…
Pharm exec slumps as Trump cuts price of Ozempic, other drugs
An employee from a healthcare giant at collapsed at the Oval Office on Thursday, truncating a media briefing event where top US government officials declared that American’s will lose 125 million pounds in one year as government slashes prize of…
Serbian Coach Žižić dies of heart attack during match
A Serbian professional football match came to a sudden end when a coach suddenly collapsed and died of a heart attack, sending shocked players from his team weeping on the pitch. The tragic event occurred just ten days after he…
Women who walk live longer, study finds
A study has found that when it comes to walking exercise, “how much you walk” is more important than “how often you walk.” The research team at Brigham and Women’s Hospital, Harvard Medical School, USA, published the results of a…
After 43 years in power Cameroon’s Paul Biya sworn in for 8th term
Opponent seeks refuge in Nigeria Africa’s oldest and longest serving president, Paul Biya, who has been president of Cameroon for 43 years, was once again sworn in on Thursday for an eighth term. After claiming victory in a highly flawed…
Heirs to inherit over $70trn in 10 years as global poverty worsens
G20 committee demands coordinated response to inequality Sopuruchi Onwuka Descendants of millionaires will inherit over $70 trillion from wealth dynasties in the next 10 years when nearly half of global population is also predicted to increasingly slip into severe food…
