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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AFENIFERE REJECTS TINUBU’S VICTORY,INSISTS OBI WON.(PHOTO).

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Afenifere Rejects Tinubu’s Victory, Insists Obi Won


The Pan Yoruba Socio-Political Group, Afenifere, yesterday insisted that the Presidential election, held on February 25, was won by the Presidential candidate of the Labour Party, Peter Obi and not the candidate of the All Progressive Congress, Asiwaju Bola Tinubu.


It therefore, said that the decision of Obi to challenge the results of the election in court, has the group’s support


This was contained in a communique issued after its Special General Meeting, held, at Isanya-Ogbo, Ogun State, on Tuesday.


“That with particular reference to Lagos State, Afenifere confirms that the Governorship candidate of the Labour Party, Mr. Gbadebo Rhodes-Vivour is a person of Yoruba origin, whose great- grandparents are not only Yoruba but definitely one of the notable founding families of Lagos.


“We unequivocally endorse and urge the people of Lagos to vote for him.


Reviewing, the last elections, the group lamented that the deliberate non-compliance INEC with it’s guidelines encouraged electoral brigandage at the polling units.


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