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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HOUSE OF ‎REPS MOVE TO STRIP PRESIDENT OF POWER TO APPOINT INEC CHAIRMAN. (PHOTO).

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 House of ‎Reps move to strip president of power to appoint INEC chairman

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‎The House of Representatives Committee on Constitution Review is considering a bill seeking to amend the constitution to reform the mode of appointing the Chairman of the Independent National Electoral Commission by involving the National Judicial Council.

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‎The proposed amendment aims to involve the NJC in the selection of the INEC chairman, thereby enhancing the independence, credibility, and transparency of the appointment process.

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‎The panel recommended that the power to appoint the INEC board be transferred from the President to the NJC, while its funding was to be a first-line charge on the Consolidated Revenue of the Federation.

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