A road in Baku

Main Factors That Are Dragging Global Oil Prices Down

Over the last two years, global oil prices have dropped by nearly two-thirds. Here is a list of the main factors which have transformed the global energy market.

In February 2014, price of oil was around $110 a barrel on global commodity exchanges. Today, the Brent benchmark crude extracted from the North Sea is hovering at $30 per barrel. The era of higher priced oil which began in 2011 now seems to be nearing its end.

Furthermore, taken in a historic perspective, the recent years are not typical: $20 a barrel was normal in the 1980-90s. In 1999, there were times when the oil price hardly reached $10. Could current events in the oil market be a signal of a similar tendency?

Oops! German Intel Agents Suspected of Financing al-Qaeda

Two German domestic intelligence officers are suspected of having given money to al-Qaeda members to gain information on the extremist group, Berliner Morgenpost newspaper reported on Sunday.


The investigation has built its case on evidence provided by Irfan Peci, an ethnic Bosnian and an informant for the domestic intelligence agency BfV, who once led the German branch of the so-called "The Global Islamist Media Front," a propaganda organization associated with al-Qaeda, Berliner Morgenpost wrote.

Two Beheaded By Suspected Cultists In Rivers State (Graphic Photos)

Suspected cultists on Friday February 12th invaded Omoku town in Onelga, Rivers state, leaving no fewer than 10 people dead on their trail. The attacks reportedly started after two rival cults Sailor and Iceland clashed in the state. See graphic photos of two people – a young man and a lady beheaded at Omoku in Onelga LGA after the jump

''UCH Ibadan Doctors Killed My Wife'' - Man Says (picture)

Doctors killed my wife, cries grieving husband.
Mr. Aare Femi Adebayo, a business mogul, has demanded that an independent postmortem be done on the remains of his wife, Mrs. Funmilayo Adebayo, even as he accused doctors at the University College Hospital (UCH), Ibadan, Oyo State, of killing his wife.

Remembering how his wife died, Adebayo said: “My wife was killed by the negligence and incompetence of the doctors.” Two Senior Advocates of Nigeria, Akin Olujinmi and Rotimi Akeredolu, have demanded for the release of Funmilayo’s autopsy result within the next seven days. Funmilayo, 58, was said to have died at the hospital after she started going for medical tests to check if she had cancer.

How Osinbajo Ruled Nigeria In The Absence Of Buhari

President Muhammadu Buhari embarked on a six-day vacation On Friday, February 5, and ‘handed over’ to Vice President Yemi Osinbajo as acting president of the nation.

Before going on the vacation, President Buhari had dispatched a formal notice to Senate President Abubakar Bukola Saraki and Speaker of the House of Representatives Yakubu Dogara, in compliance with Section 145 (1) of the Constitution.  It was the first time in the history of Nigeria, that a president voluntarily transmitted power to his deputy.

I Never Said Nigeria Will Burn If I Open Up – Jonathan’s Ex-adc, Col Adegbe

As reactions continue to trail a recent statement attributed to Col. Ojogbane Adegbe, former aide-de-camp to immediate past president, Goodluck Jonathan, the military personnel has debunked ever threatening to open a can-of-worm about his erstwhile principal.

Col. Adegbe, while expressing shocks and disbelief over the recent viral report, which quoted him as saying that if he was forced to reveal what transpired under the last administration, Nigeria will boil, had demanded an unreserved apologia from the management of the Sun Publishing Limited for dragging his hard-earned name to the mud.

He said his recent visit to the office of the Economic and Financial Crimes Commission (EFCC), was never in connection with the controversial arms scandal.

Subsidy Removal: FG Saves N18.3bn In Six Weeks

The Federal Government’s savings as a result of the removal of subsidy on both petrol and kerosene are growing daily.

Between January 1 and February 12 this year, an interval of about six weeks, the Federal Government made over N18.3bn as savings from the removal of subsidy on Premium Motor Spirit and House Hold Kerosene.

The government officially stopped subsidy on PMS, popularly known as petrol, on January 1, 2016, while on January 23 this year, it also ended the subsidy regime on kerosene, according to the pricing templates for both commodities obtained from the Petroleum Products Pricing Regulatory Agency.

Olajumoke Orisaguana's Interview With Punch

From dropping out of school so her younger siblings could continue their education, to hawking bread in Lagos in 2011, to starting her own hairdressing salon which later failed, to sleeping in the bakery (she was sleeping in a "breadroom" and not a "bedroom")in Lagos with her daughter and about 40 other women, to waking up at 5am everyday to pray.

Perhaps, instead of sitting in our bedroom and wishing we were Olajumoke or had her kind of luck, some of us need to be encouraged, don't give up, keep working hard and smart, leave your comfort zone and one day your story will change.

#ABlessedNewWeekToUsAll

Fulani Herdsmen Invade Enugu Community Kill Two, 19 Missing

Nsukka- Anxiety and confusion has enveloped Abbi Community in Uzo-Uwani Local Government Area, Enugu State, following the invasion of the area by Fulani herdsmen who unleashed mayhem on the people, killing a brother and sister apart from razing down about seven houses and several motorcycles. Herdsmen… as death merchants Altogether, 19 persons were declared missing in the community even as several others were also wounded with machetes by the invaders.

It was gathered that the Fulani herdsmen numbering over 30 emerged from the bush, and began to attack the people in the community last Thursday, killing their victims and maiming others with machetes before fleeing into the bush unharmed.

EFCC Arrests Ken Saro-Wiwa’s Brother

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested former Director of Military Intelligence, Major General Wiwa.

His arrest was in continuation of investigations into the disbursement of the $2.1 billion arms fund by the former National Security Adviser, Sambo Dasuki.

General Wiwa, younger brother to late Ken Saro-Wiwa, the late Ogoni rights activist, who was executed by the Abacha’s government in connection with the Ogoni crises of the 1990’s, was the Deputy Commandant at the Armed Forces Resettlement Centre, Oshodi, before his arrest.


Security sources informed Vanguard that the senior officer, who is at the moment being detained at one of the major military barracks in Abuja, might have been arrested because of the sensitive positions he held.

Growing Maggot For Animal Feed in Pictures

With the high price of animal feed, growing maggots is beginning to make sense. Maggots come from flies. When flies lay eggs, the eggs pass through several stages before they turn into flies. One of the stages is the maggot stage.
You can use the maggot to feed fish, chickens and other animals. I’m targeting fish and chickens but I’ll be starting with chickens.

Who Doctored 2016 Budget, Mafia Or Rats?

By Omoh Gabriel

Zero budgeting cannot be responsible for budget padding. It cannot be the reason for rats smuggling foreign provisions into the budget. It can not be the reason for double entry in allocation to ministries, departments and agencies of government. Those who prepare the budget have been around for many years. The Director-General, Budget Office of the Federation Dr.Bright Okogu holds a PhD in Economics from from the famous University of Oxford London in 1987. He is not a stranger to budgetting process and figures.

Violence In Crawford University As Male Students Protest Against Assault

The Last time a riot occurred in Crawford University, it was a first and that was in 2013; Wanton destruction of school properties was recorded. This time around, it is in 2016 and another riot has occurred in the male hostel of accommodation in Crawford University. It happened on the night of Friday 12th February 2016. In a situation where the school is still smarting from the unabashed manner in which one of its male students (name withheld), ran mad, this was a sad, flabbergasting and bizarre incident. Sadly, it is (amongst the students) one which is somewhat considered a vendetta by some students against the school.

Buratai's Convoy Was Blocked In Abuja Yesterday - Elbinawi

NIGERIAN ARMY CHIEF BURATAI’S CONVOY WAS BLOCKED IN ABUJA YESTERDAY ( 14TH / 02 / 2016)

A lot of those who don't sympathise with brothers of the Islamic Movement who were gunned downed by the army in Zaria do quickly point accusing fingers to the Movement, saying 'why should you barricade the road of a whole General?' We always say to them it is not because the road was blocked that the army opened fire on armless civilians, rather it was a premeditated plan to exterminate the Movement.

And I think what happened yesterday Sunday 14/02/16 is a pointer to our claim that the Nigerian army put on the garb of a JIHADI OUTFIT OF THE LIKES OF ISIS in attacking tne islamic Movement.