A woman in Rivers State, Hope Nwala, has fled after she allegedly bathed her husband, Ekelediri Nwankwo Nwala, with hot groundnut oil over a disagreement.
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The Nigerian Navy (NNS) Commander Beecroft, Apapa, Lagos, Commodore Kolawale Oguntuga, has handed over five suspects allegedly arrested for oil theft to the Lagos State Police Command.
Mr Paul Osu, Head, Public Affairs, DPR, made this known in a statement on Tuesday in Lagos.
Senator Ita Enang, Special Assistant to the President on Niger Delta Affairs, has said the international oil companies operating in the Niger Delta region were not harsh in their dealings with the host communities as alleged in some quarters
Prices gave up most of their early gains as oil production facilities remain unaffected by attacks.
It said the figure showed a 23 per cent increase from the 2016 figures of 17.05 per cent and 15 per cent lower than $24.79 billion inflow recorded in 2015.
Obi gave the advice while delivering the keynote address to over 2,000 youths of the Centre for Strategic Leadership and Youth Orientation at the Senator Uche Ekwunife Centre, Awka, Anambra State at the weekend.
Senator Ita Enang, Senior Special Assistant to the President on Niger Delta Affairs, says Nigeria should truly begin to look for alternative means of diversifying its economy in view of uncertainties around oil.
Despite efforts by the top crude exporter to reassure the market it can resume full production by the end of September, state oil company Saudi Aramco has asked some customers to switch crude grades and delay shipments.
Moghalu recommended technology and innovation as alternatives, citing the examples of developed countries.
Oil price hit multi-week highs on Monday after the Organisation of Petroleum Exporting Countries indicated it was likely to maintain production cuts that had helped boost prices this year.
Equities dropped worldwide after the US Federal Reserve raised rates and maintained most of its guidance for additional hikes over the next two years, dashing investor hopes for a more dovish policy outlook.
Brent crude oil futures LCOc1 rose 39 cents to $60.36 a barrel by 1045 GMT, having fallen 3 per cent the previous day, while US futures CLc1 rose 37 cents to $51.37 a barrel.
This would be an increase from the current eighty something dollars a barrel for Brent crude oil prices due to robust global oil demand, Luckock added.
Brent sweet crude futures rose at $79.40 a barrel, while US crude prices rose to settle at $71.12.
Oil prices extended to $80 a barrel as Hurricane Florence advanced and US sanctions started weighing on Iran’s exports.
Oil reports correlation expert says Brent races to $100 in spite of despicable manipulations
Udoh, whose residential address was not given, pleaded not guilty to a three-count charge of fraud, stealing and issuance of dud cheque preferred against him.
Spot Brent crude oil futures, the international benchmark for oil prices, were at $70 a barrel at 0102 GMT, up 4 cents from their last close
Brent crude futures, the international benchmark for oil prices, were at $57.85