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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KIDNAPPED TARABA UNIVERSITY STUDENTS: KIDNAPPERS REDUCE N50M RANSOM DEMAND TO N12M. (PHOTO).

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 kidnapped Taraba varsity students: Kidnappers reduce N50m ransom demand to N12m


Authorities of the Federal University Wukari, in Wukari Local Government Area of Taraba State, has confirmed that the abductors of the two students of the institution are demanding the sum of N50 million as ransom.


The students who were last week abducted from a nearby restaurant, have been identified as Joshua Sardauna and Obianu Elizabeth.


Sardauna is of the Economics Department, while Elizabeth is a Microbiology student.


Head of the university’s Information and Protocol, Mrs Ashu Agbu, while confirming the kidnappers’ demands, said they had reduced their earlier demand of N50 million to the sum of N12 million.


She stated that the kidnappers’ intention was to abduct the owner of the eatery where one of the kidnapped students was working but snatched the students when they couldn’t get their target.


She said the kidnappers also notified of their intentions to come back for the owner of the eatery.


Ashu assured that the school authorities, in collaboration with security operatives, are still working around the clock to ensure that the students regain their freedom from the abductors unhurt.

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