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Niger inaugurates committee to curb illicit drug use among youths The Niger government has set up a 16-member committee to look into the menace of drug use among youths in the state.Advertisement Sani Bello, Niger governor, inaugurated the committee on.
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‘I won’t be blackmailed’ el-Rufai defiant as bandits threaten to kill abducted students The Kaduna state government says it will not succumb to emotional blackmail regarding the fate of the abducted students of Federal College of Forestry Mechanization.Advertisement This is even as parents.
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Vanguard News
Between Labour and the opposition to deregulation
On
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ast week, the price of crude oil rallied to $66 per barrel, the highest in 13 months. This was after oil price sank to sub-zero level in the wake of the COVID-19 pandemic in 2020. Ordinarily, for a country like Nigeria that is heavily dependent on revenues from oil, the price rally ought to be good news as it portends more money for the government to provide social amenities for the welfare of the citizens.
But the cheery news of oil price rally is dampened by the prospect of a rise in the pump price of petrol. In March 2020, the Federal Government finally took the bull by the horns and deregulated the downstream by taking advantage of the low oil prices induced by the COVID-19 pandemic.
By Rasheed Adigun
In the past few weeks, the management of Seplat Petroleum Development Company has been attempting to twist the narrative in its ongoing suit against Access Bank Plc, in a bid to attract public sympathy.
Unfortunately, Seplat which has failed to honour its obligation appears not to be bothered about the implication of its bad behaviour on its reputation as a listed company on both the globally-respected London Stock Exchange and one of Africa’s bourse, the Nigerian Stock Exchange.
It is disheartening to note that A.B.C Orjiako, the chairman of Seplat Petroleum Development Company; Seplat as a company; Cardinal Drilling Nigeria Limited, another company associated with the businessman, and Kalu Nwosu, Managing Director of Cardinal Drilling Nigeria Limited, through their sponsored articles now view the move by a commercial bank to recovery its legacy debt that had been put at $85.8 million as corporate bullying and a move for hostile takeover!.