rises

NNPC Oil Pipeline Vandalism Rises By 115% In July

NNPC Oil Pipeline Vandalism Rises By 115% In July

October 10, 2019 12:11 am

  • Aba to Enugu axis tops break-in points.

The Nigerian National Petroleum Corporation (NNPC) has expressed concerns about the rate at which oil major pipelines are sabotaged in Nigeria, stating that it rose by 115 percent in July 2019.

NNPC Acting Group General Manager, Public Affairs, Mr. Samson Makoji, quoting from July 2019 Monthly Financial and Operations Report (MFOR) of the oil corporation, said 228 points were broken on the country’s pipelines in the month under review.

The breached lines represented an awful increase from the 106 vandalised points recorded in June 2019, it added.
According to it, out of the …

Death Roll Rises To 20 As Protest Continues In Iraq

Death Roll Rises To 20 As Protest Continues In Iraq

October 3, 2019 7:34 am

Protesters in Baghdad defy curfew as death toll in three days of anti-government demonstrations rises to 20.

The death toll in three days of mass anti-government protests in Iraq has risen to 20 with hundreds more injured as the government-imposed curfew in several cities failed to prevent the unrest from spreading in the country’s south.

Braving live fire, tear gas and local curfews, Iraqis angry at high unemployment and entrenched corruption gathered in the streets for a third day in the biggest challenge yet to Prime Minister Adel Abdel Mahdi, who will complete one year in office next month.

The …

Federal Government’s Domestic Debt Rises By ₦1.26tn

Federal Government’s Domestic Debt Rises By ₦1.26tn

October 3, 2019 3:36 am

The Federal Government’s domestic debt outstanding rose by ₦1.26tn to ₦13.41tn as of June 2019, over the figure for the corresponding period of 2018.

This was disclosed in the Central Bank of Nigeria’s half-year report on Federal Government’s domestic debt.

Part of the report read, “The total domestic debt outstanding at the end of June 2019 stood at ₦13.41tn, representing an increase of ₦1.26tn or 10.38 percent, over ₦12.15tn in the corresponding period of 2018.”

It explained that the debt stock during the review period comprised the Federal Government of Nigeria’s bonds worth ₦9.69tn or 72.26 percent, Nigerian Treasury Bills …

Toll from Boko Haram attack in Cameroon rises to 37

Toll from Boko Haram attack in Cameroon rises to 37

June 12, 2019 10:07 am

An attack by Boko Haram jihadists in northern Cameroon last weekend left 37 dead, a security official in the region said Wednesday, revising the toll upward.

“As of today, we have 21 military and 16 civilian fatalities,” the source said.

An earlier toll said at least 26 people — 17 soldiers and nine civilians — had died, in one of the deadliest attacks in Cameroon by the Nigerian-based group.

The jihadists, armed with rocket launchers, attacked military positions on Darak, an island near Lake Chad in Cameroon’s Far North region.

Fierce fighting broke out with the soldiers, which included the …

Oil rises on Iran sanctions threat, Venezuela shutdown

April 1, 2019 9:13 pm

Price were also underpinned by a Reuters survey showing OPEC oil supply sank to a four-year low in March, and positive data from the world’s biggest economies, the United States and China.

Brent crude rose 26 cents, or 0.4 percent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019.

U.S. West Texas Intermediate (WTI) futures rose 28 cents, or 0.5 percent to $61.87 a barrel, earlier reaching $61.89, also a new high for 2019. WTI closed up 2.4 percent on Monday.

The U.S. government is considering additional sanctions against Iran that would target
…

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