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Showing posts from May, 2024

Dangote Refinery To Buy 24m Barrels Of Crude From US

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> Dangote Refinery To Buy 24m Barrels Of Crude From US The call for US oil reflects Nigeria’s struggle to lift its own crude production. The Dangote Refinery was commissioned last month. Dangote Refinery has revealed plans to buy at least 24 million barrels of US crude over the next year as it ramps up its processing capabilities. A report by Bloomberg revealed that the $20bn refinery has issued a term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland (WTI) crude for 12 months starting in July, which amounts to 24 million barrels of crude in one year. The call for US oil reflects Nigeria’s struggle to lift its own crude production, which remains well below theoretical capacity, as well as Dangote’s willingness to tap cheaper supplies than it can find at home. It also highlights how influential the refinery will be in global crude and fuel trading. Elitsa Georgieva, Executive Director at Citac, an energy consultancy specializing in the African d...

Nigerian University students to access Student loans starting from Friday

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 Student Loan Application Portal Goes Live May 24 . This announcement was put in the public domain after  the appropriate arrangement was made by The Nigerian Education Loan Fund (NELFUND) which is a body set up by the Presidency to over see the effectiveness of this program  "We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation."  The student loan application portal will open on May 24, 2024, the Nigerian Education Loan Fund (NELFUND) said on Thursday.  “The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce the 24th of May, 2024 as the official date for the opening of the portal for student loan applications,” NELFUND spokesman Nasir Ayitogo said. NELFUND said “through the portal, students can now access loans to pursue their academic aspirations without financial constraints. “Th...

Germany worried over civilian crises in Rafah

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 Germany Urges Greater Protection Of Civilians In Rafah Israeli forces earlier in May took control of the Gaza side of the Rafah border crossing with Egypt. Displaced Palestinians pack their belongings before leaving an unsafe area in Rafah on May 15, 2024. (Photo by AFP)  German Foreign Minister Annalena Baerbock on Thursday urged greater protection of civilians in Rafah, as the Israeli army intensified its operations around the southern city in Gaza. Baerbock said in a statement she was “deeply concerned about the Israeli army’s current actions in Rafah”, and that hundreds of thousands of refugees in the city “no longer have any safe places to flee”.“ The protection of the civilian population must have the highest priority,” Baerbock insisted. “This is not visible at the moment.” Israeli forces earlier in May took control of the Gaza side of the Rafah border crossing with Egypt. The move into Rafah came despite US warnings that around 1.4 million civilians sheltering there c...

Kidnap kingpin "Evans" and his co-defendants opt for plea bargain

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 Evans Re-Arraignment For Murder Stalled, Defendants Opts For Plea Bargain Evans and his co-defendant, Joseph Emeka are facing an amended 5-count charge of murder, attempt to kidnap and conspiracy. The scheduled arraignment of convicted kidnap kingpin, Chukwudumeme Onwuamadike popularly known as Evans, failed to go on Thursday at the Lagos High Court sitting in Ikeja, owing to the absence of his counsel. Trial judge, Justice Adenike Coker subsequently adjourned till June 13 for the planned arraignment. Evans and his co-defendant, Joseph Emeka are facing an amended 5-count charge of murder, attempt to kidnap and conspiracy. They allegedly killed one Peter Nweke on Aug 27, 2013, along Third Avenue, Festac Town, Lagos State. The duo were also alleged to have killed one Chijioke Ngozi, and attempted to murder and eventually killed the Chairman of the Young Shall Grow Motors, Obianado Vincent. ADVERTISEMENT When the matter came up before Justice Coker on Thursday, the defendants were ca...

Friendly fire kills five Isreali Soldiers

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The Israeli military said Thursday that friendly fire had killed five soldiers the previous day in the northern Gaza Strip, where intense fighting in the Israel-Hamas war has resumed in recent days. Asked to confirm media reports that the five fatalities announced earlier in an official statement were caused by Israeli fire, a military spokesperson told AFP: “Yes.” Five soldiers had been killed in the northern Gaza Strip, where intense fighting has resumed more than seven months into its war against Hamas militants. The soldiers were killed “in battle” on Wednesday, the army said in a statement, without elaborating on the cause of their deaths. The latest fatalities take the number of Israeli troops killed in the Gaza military campaign since the start of the ground offensive on October 27 to 278. Fighting has raged in recent days in northern Gaza, with an Israeli army spokesman saying there were “attempts by Hamas to rebuild its military capabilities” months after Israel had declared t...