GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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EX-GOVERNOR OF ADAMAWA STATE NGILARI,GETS N1M BAIL,FOLLOWING HIS ARRAIGNMENT FOR RIGGING FEW DAYS AGO.{PHOTOS}.

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                 Former Governor of Adamawa state,Mr James Balla Ngilari was yesterday granted bail by Justice Nathan Musa of the Adamawa State High Court,Yola in the sum of one million naira and a surety with landed property in Yola who must provide a court affidavit of means to that effect.Ngilari was remanded in the EFCC custody September 21 following his arraignment on nineteen count charge bordering an alleged rigging of procurement process in the award of contract worth one hundred and sixty-seven naira.The court has adjourned to October 10 for commencement of trial.Ngilari is being tried alongside his former secretary to the government and commissioner for finance and budget,Messrs Ibrahim Andrew Welye and Sanda Jonathan Lamurde respectively.One more photo below.

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