$30 Oil Again? Energy Market Fundamentals Might Suggest Downturn in Prices

Global oil prices could sink to as low as $30/bbl once again as oversupply still lingers, the US dollar might rebound should growth tick up, and energy investors might start cashing out now that oil has enjoyed a bull market.


Kristian Rouz — After oil's massive 70% rebound from its 12-year low in January to its current price of $50/bbl, global oil prices might post steep declines soon, retreating back to as low as $30/bbl in the near-to-medium-term. Recent developments in the oil market, including a 20% gain in prices in April alone, might resemble a similar pattern seen in March-June 2015, when crude prices rallied from their multi-year lows only to crash dramatically in the second half of the year amid concerns of global oversupply.

Army Set To Wipe Out Boko Haram From Sambisa- Defense Minister

The Minister of Defence, Alhaji Mansur Dan’ali, while speaking on saturday, said the Nigerian Army is ready to destroy all camps and hideouts of members of the terrorist sect, Boko Haram in Sambisa forest. According to Mansur, the Nigerian Army is now at the verge of entering the forest and will soon flush out the insurgents terrorising some states in the northeast of Nigeria. He said since the beginning of the present administration, tremendous success had been recorded in the fight against Boko Haram as well as cattle rustling in the country. “We have been working seriously, going round the world, collaborating with other countries in fighting terrorism at the national, regional and international levels,” the minister said.

Fulani Herdsmen Attacks Archbishop Onaiyekan, Bishops Kick.

The Catholic Archbishop of Benin City, Dr. Augustin Akubueze, and the Catholic Bishop of Uromi Diocese, Dr. Donatus Ogun, have both appealed to President Muhammadu Buhari to tackle the issue of the growing attacks of hoodlums in Edo State.
The Bishops spoke against the backdrop of last Friday’s attempt on the life of John Cardinal Onaiyekan, the Catholic Archbishop of Abuja.

Soldier Kills Bride's Mum In Delta

Tragedy struck on Saturday morning as a mother of a bride was allegedly shot dead by a soldier at the Ekpan Junction, Uvwie Local Government Area of Delta.


The deceased was on her way to the wedding ceremony of her daughter when the incident occurred.

The first son of the deceased, Alero said a keke operator flouted the soldier’s order when he was flagged down and the soldier opened fire leading to the deceased death.

No One Can Stop Us From Grazing In The South — Fulani Herdsmen

Herdsmen from different parts of Nigeria have stated that nobody can stop them from grazing their cattle in any part of the country, especially in the south. They described such restriction as unconstitutional.

Troop Foils Boko Haram Attack On Military And Civilians (photos)

Statement by the Nigerian Army below;

Troops of 3 Battalion 22 Brigade, have today carried out a successful pre-emptive strike to foil a planned Boko Haram terrorists attack on the military and innocent civilians around Wunbi in Kala Balge Local Government Area of Borno State.

2016 Budget To Go Into Full Operation In Few Days – Osinbajo

The Federal Government has re-assured Nigerians that the 2016 budget is expected to go into full operations in the next few days.

This assurance was given by Vice President Yemi Osinbajo who was a guest speaker at the 12th edition of ‘The Platform’, an annual national discourse put together by Covenant Christian Centre, at the Federal Capital Territory Abuja.

ENUGU MASSACRE: Northern Govs Under Fire… For Defending Fulani

The 19 northern governors came under criticism yesterday over their position that the Fulani should not be labelled as criminals.
The Yoruba socio-political organisation, Afenifere, asked the governors to bury their heads in shame over their position which came in the wake of the heat generated by the attack on Ukpabi-Ninbo community in Enugu State by suspected Fulani herdsmen, last Monday.
Ijaw Youths Council (IYC) also condemned the governors.


The northern governors, who met in Kaduna, on Friday, had taken a strong exception to the branding of perpetrators of crimes around the country as Fulani.

Gunmen Shoot At Pius Odubu In Auchi

DEPUTY Governor of Edo State Dr. Pius Odubu, yesterday escaped death by the whiskers when gunmen shot at him. The incident happened at the secretariat of the All Progressives Congress (APC) in Auchi as the deputy governor was receiving a delegation. The attack took place a few minutes after Governor Adams Oshiomhole and Odubu left a party organised by Damian Lawani, representative of the Estako Central Constituency in the House of Assembly. The gunmen reportedly invaded the secretariat and opened fire on the deputy governor and others at the meeting. Five persons were said to have been critically injured, including the Guard Commander of the Deputy Governor’s Police team who covered his boss during the invasion. Six delegates and three security details attached to Odubu are said to be in critical conditions. They are receiving treatment at Faith Medical Centre in Auchi.

The Coup Speech That Overthrew Buhari On August 27, 1985…

I, Brigadier Joshua Nimyel Dogonyaro, of the Nigerian Army, hereby make the following declaration on behalf of my colleagues and members of the Nigerian Armed Forces.

Fellow country men, the intervention of the military at the end of 1983 was welcomed by the nation with unprecedented enthusiasm. Nigerians were unified in accepting the intervention and looked forward hopefully to progressive changes for the better. Almost two years later, it has become clear that the fulfillment of expectations is not forthcoming.

Coup Speech Of Major-general Muhammadu Buhari, January 1, 1984

Coup Speech of Major-General Muhammadu Buhari, January 1, 1984
Please read carefully~

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

Four Children Died From Severe Heat After They Locked Themselves In A Car

Photos: Four children die from severe heat in Kaduna after they accidentally locked themselves in parents car.
Four children lost their lives as a result of severe heat in Kaduna over the weekend after they accidentally locked themselves inside their parents car. According to Rariya, the tragic incident took place in Rigasa Quarters. The children entered the car without the knowledge of their parents and could not open the door for a long time and died in the stifling hot car. They have been buried according to Islamic rites. See the photos after the jump...

APC Has Failed To Keep Its campaign promises- Falana

Labour must lead campaign for stolen wealth recovery–Falana

— 30th April 2016
…Says APC has failed to fulfil campaign promises
Human rights lawyer, Femi Falana, SAN, has called on the Nigeria Labour Movement to lead campaign for recovery of stolen wealth and the prosecution of all indicted looters.
He made the call Saturday at the 2016 Pre-May Day Lecture with the theme, “The fundamental Objectives and Directive Principles of State Policy’’, organised by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

The Light Will Conquer The Darkness

This comment was chosen by Mod HS from the post “Moveable Feast Cafe 2016/04/26 … Open Thread”. The moderator believes this comment is a long “rant” that covers many topics – this is an excerpt of the comment. The Mod feels the comment represents an alternative view of the way the world works that needs exposure. Many people all around the world are coming to similar conclusions. The Mod does not necessarily agree with everything written but feels there are many talking points to be discussed.
Comment by Straight-Bat

PDP Govs Brand Fayose A Potential Future Leader

Ado Ekiti- The Peoples Democratic Party governors and others gathered yesterday in Ado Ekiti, showered encomium on Governor Ayodele Fayose and branded him a potential future leader this came as the Taraba State Governor, Arch. Darius Ishaku, said Governor Ayodele Fayose plaid a significant role in his victory at the Supreme Court, after a dramatic loss at the Appeal Court.
Also, his counterparts from Akwa Ibom and Abia States, Hon Emanuel Udom and Dr Okezie Ikpeazu, respectively, disclosed that Fayose has foretold them of their victory even before the election tribunals' pronouncement, adding his support to their administrations has been monumental.
The governors said this in Ado Ekiti while attending the commissioning of some projects executed by the administration of Governor Fayose.

Rejected Suitor Butchers MTN Worker, Stabs Victim’s Mother

NewsSaturday FeaturesHorror: Rejected suitor butchers MTN worker, stabs victim’s mother

April 30, 2016

The tragic incident of Sunday, April 24, was one that the family of Ashinwo, did not see coming.

Had a prophet told Oluwatosin, her siblings and their widow mother, of the danger that lurked around the corner that day, it is unlikely they would have believed it.

FG To Introduce Toll On Some Reconstructed Roads – Fashola

The federal government is set to reintroduce toll on some roads that will be built or reconstructed.

The Minister of Power, Works and Housing, Mr Babatunde Fashola SAN, made the declaration while fielding questions as guest on the popular Channels Sunrise Daily programme.

The minister said it would be pretentious to assume that the roads would get better if we continued to make our roads absolutely toll free. He added that, there would however be alternative roads to the ones that would be tolled.

EFCC Closes In On Ex-gov Over 29 Dubai Assets

as UAE tightens noose around offshore companies

The Economic and Financial Crimes Commission (EFCC), is closingin on a former governor from the Southern part of the country, who is alleged to own 29 choice property in the United Arab Emirate (UAE), Saturday Telegraph’s investigation has revealed.

PDP Govs Brand Fayose A Potential Future Leader

Ado Ekiti- The Peoples Democratic Party governors and others gathered yesterday in Ado Ekiti, showered encomium on Governor Ayodele Fayose and branded him a potential future leader this came as the Taraba State Governor, Arch. Darius Ishaku, said Governor Ayodele Fayose plaid a significant role in his victory at the Supreme Court, after a dramatic loss at the Appeal Court.

Herdsmen Attack: We May Resort To Self Defence, Town Unions, Abia..

By Anayo Okoli

THE rampant invasion of communities across the country by suspected  herdsmen, particularly last week’s attack on Ukpabi-Nimbo community in Uzo Uwani council area of Enugu State, has raised tension in the South-East.

Housewife Snatched By LG Boss Dies Mysteriously After Childbirth (pic)

Mathew Dike

In this report, MATHEW DIKE recounts the tragic end of late Mrs. Theresa Ode, a woman snatched from her husband by a local government chairman, who got her impregnated and abandoned her to die in a Lagos hospital during childbirth.

Ambode And Tinubu At Commemoration Of International Jazz Day

See more photos after the page break.

PDP Rally In Minjibir, Kano (Photos)

 Kano Residence Turnout Massively For PDP It was not a surprise that People Democratic Party had a massive turnout of people at its rally held in Kano State(one of the ruling party northern stronghold). Many of those present are people who are feed up of the current administration change mantra, while some might have lost total hope in this government some people still remain optimistic that Nigeria can still be better. when some people where asked why they turn up for the rally, the claimed they are just tired of this present government and they are ready to do anything to kick them out come 2019, the change must happen again in 2019 said one of those present at the rally. see picture below

Sit back, relax, and enjoy the oil war

by Pepe Escobar

The famous Hollywood adage – ‘nobody knows anything’ – seems to perfectly apply to the current turbulence in the oil market. So in an effort to clarify where the global oil economy is heading to, let’s engage in a Battle of the Oil Analysts.
Relying on these Oil Analysts (OA) does not necessarily mean you will be handed straightforward answers, but perhaps with some luck you will see a ray of light.

Photo: Can anyone identify this young girl? She has no idea where she came from

Ahmed Soye posted this photo of a young girl he found in front of his house yesterday morning, April 28.

According to him: "This girl was found in front of my House early this morning. She said her name is Ummul Khairi and that she is married. She was asked where she came from she said she did not know. She did not know her husband name nor her parents name. I called Civil Defence Corp who took her to their office here in Gombe. Any body who knows this girl should please contact the Gombe State office of Civil Defence"