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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PRESIDENT BUHARI REPLACES HEADS OF FEDERAL GOVERNMENT AGENCIES.#PRESS RELEASE.

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    President Muhammadu Buhari has approved replacements for heads of Federal Government agencies that were recently appointed as ministers.
Sen. Basheer Garba Mohammed has been appointed Federal Commissioner, National Commission for Refugees, Migrants and Internally Displaced Persons. He replaces Sadiya Umar Farouk.
Dr. Chioma Ejikeme has been appointed Executive Secretary, Pension Transitional Arrangement Directorate, replacing Sharon O. Ikeazor, while Kashifu Inuwa Abdullahi is now Director General/CEO, National Information Technology Development Agency.
For Executive Commissioner (Stakeholder Management) Nigerian Communications Commission (NCC), President Buhari has forwarded Adeleke Moronfolu Adewolu’s name to the Senate for confirmation as replacement for Sunday Akin Dare.
The appointments take immediate effect.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
August 20, 2019.
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