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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SOCIAL MEDIA PLATFORMS,ONLINE CONTENT CREATORS TO GET LICENSE- LAI MOHAMMED. (PHOTO).

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The National Broadcasting Commission (NBC) is reportedly set to be the agency that will license and regulate social media platforms, online news outlets and content creators in the country.

In a post sighted by Native Reporters, the federal government seeks to give NBC power to license and regulate Facebook, Twitter, Instagram, TikTok, YouTube, LinkedIn, Triller and Snapchat.

The validity of the licence in the first instance is for a period of two years, and when the licence expires, the commission will consider an application for renewal based on “compliance to the terms and conditions of the licence” as formulated by the commission.


 

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