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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RIVERS STATE LOCAL GOVT ELECTIONS POSTPONED TO AUGUST 30, 2025.(PHOTO).

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 Rivers State Local Government Elections Postponed to August 30, 2025


The Rivers State Independent Electoral Commission (RSIEC) has rescheduled the state’s local government elections to August 30, 2025, following a significant shake-up in the state’s electoral and political landscape.


Dr. Michael Ekpali Odey, the newly appointed RSIEC Chairman, announced the postponement during his address at the unveiling of the revised election timetable on Monday. The elections were initially set for August 9, 2025, under the former RSIEC Chairman, Retired Justice Adolphus Enebeli, before his commission was dissolved.


The dissolution of the RSIEC board was ordered by Retired Vice Admiral Ibok-Ete Ibas, the Sole Administrator of Rivers State, who was appointed by President Bola Ahmed Tinubu. The directive came as part of emergency measures following the President’s declaration of a state of emergency in Rivers State. Additionally, President Tinubu suspended Governor Siminalayi Fubara, Deputy Governor Professor Ngozi Nma Odu, and all members of the Rivers State House of Assembly.


The announcement was made in the presence of key stakeholders, including leaders of registered political parties, traditional rulers, security agencies, religious bodies, media, professional associations, civil society groups, non-governmental organizations, community-based organizations, and members of the electorate.


The postponement marks a significant development in Rivers State’s political landscape as stakeholders await further updates on the electoral process.

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