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DPR: Market forces should determine gas prices

File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...

Commodities trading: SEC issues new rules on warehousing, collateral management

File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...

Official: NASRDA to launch another satellite in June

IBTimes The National Space Research and Development Agency (NASRDA) says it is putting modalities in place to launch a Cubesat ‘Edusat-2’ within the first half of the year. The Acting Director-General of NASRDA, Dr Francis Chizea, said this at the ongoing Science and Technology Expo on Tuesday in Abuja, where the agency showcased its research works and achievements. The science expo is with the theme “Science, Technology and Innovation for Economic Recovery and Sustainability Amidst the COVID-19 Challenges” and is a platform to showcase innovation within agencies of government, private research institutions, the academia, among other participants. Chizea explained that EduSat-2 was a build-up on EduSat-1 which the agency built in collaboration with Federal University of Technology, Akure a...

Iran won’t resume nuclear commitments until US lifts sanctions – supreme leader

Iran’s supreme leader, Ayatollah Ali Khamenei, said Sunday the US must “completely lift” sanctions first, followed by verification by Tehran, before the Islamic republic returns to its nuclear deal commitments. “If they want Iran to return to its commitments … America must completely lift sanctions, and not just in words or on paper,” Khamenei said in a televised speech to air force commanders. “They must be lifted in action, and then we will verify and see if they have been properly lifted, and then return,” he added. The 2015 landmark deal has been hanging by a thread since US President Donald Trump’s decision to withdraw from it in 2018 and reimpose sanctions on Tehran. Tehran a year later suspended its compliance with most key nuclear commitments to the deal. The new administration of ...

Paul Pogba limps off injured in Manchester United’s clash vs Everton

Manchester United have been dealt a blow as Paul Pogba limped off injured after 39 minutes of the Premier League clash with Everton. The France international has been in excellent form in recent weeks, but he looks set for a spell on the sidelines. He was on the ball and played a simple pass towards Victor Lindelof, only to immediately pull up in discomfort. He pointed to his right thigh as he received treatment before being replaced by Fred and limping down the Old Trafford tunnel. Midfield is one area of strength for Red Devils boss Ole Gunnar Solskjaer, with the likes of Fred, Scott McTominay, Bruno Fernandes, Nemamja Matic and Donny van de Beek ensuring there are ample options to choose from. However, in what is a congested season any absence will be keenly felt. Following the clash wi...

Ebonyi governor vows to prosecute officials linked to communal crisis

Governor David Umahi of Ebonyi State has vowed to arrest and prosecute people, including government officials, linked to the communal crisis involving Effium and Ezza Effium indigenes of Ohaukwu Local Government Area of the state. Over 60 people have been arrested, according to newsmen. The police have confirmed that eight people died, while several houses have been razed in the crisis caused by a leadership dispute at a local motor park, newsmen reported. Even government officials involved in the carnage would not be spared, Mr Umahi said on Monday during a tour of the affected community. “All political appointments and developmental projects being executed in the crisis area should be suspended until permanent peace returns to the area,” the governor said, adding that a judicial panel of...

Arsenal agree deal with Real Madrid for Martin Ødegaard

Real Madrid playmaker Martin Ødegaard will join Arsenal on loan for the rest of the season after the clubs agreed to terms this evening. That is according to The Athletic, who report that a temporary move has now been given the green light by both parties. The Norwegian will fly to London on Sunday ahead of undergoing a medical with the Gunners on Monday morning, when it is expected the deal will be made official. Given his status as an elite sportsperson, Ødegaard is also exempt from COVID-19 quarantine protocols, meaning he will not have to self isolate, if he returns a negative test. The 22-year-old will be Arsenal’s second signing of the window after the acquisition of Mat Ryan from Brighton. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for ...

Miyetti Allah calls for Sunday Igboho’s arrest

The Miyetti Allah has called for the arrest of Chief Sunday Adeyemo popularly known as Sunday Igboho for the alleged assault on the Seriki Fulani of Oyo state, Alhaji Saliu Abdulkadir. Oyo state Chairman of Miyetti Allah, Alhaji Ibrahim Jiji, said this while speaking with journalists in Ibadan on Saturday. Jiji said many Fulani in the state were now living in fear while some of them had fled their homes to avoid an attack. He urged Yoruba and Fulani residents to allow peace to reign in Oyo state. He said, “We are all Nigerians. We appreciate and love the governor of Oyo State, Engr. Seyi Makinde for saying the truth. We need to join hand together to ensure we have a peaceful society. Our people are not happy and many of them are living in fear. Some had fled their homes. “We want justice f...

Dr Dre back to work after suffering brain aneurysm

American music mogul Dr Dre looks back in good health as he returns to the music studio, just a day after leaving the hospital following a brain aneurysm. The 55-year-old music producer and rapper can be seen looking healthy and confident in a photo taken by his colleague, music producer Focus which he shared on his Instagram page on Saturday, dailymail .com reports. Dre kept his look casual as he returned to making music with a simple black hoodie and matching black jeans. The Chronic hitmaker, who normally sports a clean-cut look, showed off a close-cropped salt-and-pepper beard as he sat at the mixing console. He was surrounded by producers and rappers celebrating his return to good health. ‘My Big Bro is Super Good!!!’ Focus gushed in his caption. ‘We Working’ he added, before clarifyi...

Laurent Blanc named new Al-Rayyan manager

Laurent Blanc returns to management 4 years later. He hadn’t managed since he left PSG, and now, he will try his luck at Al-Rayyan in Qatar. 4 years after leaving PSG, Laurent Blanc will return to management with Al-Rayyan, the Qatari club announced. The French manager, 55, signed for a year and a half, and his mission will be to improve their position in the Qatari league, as they are 6th and 12 points from top, Xavi Hernández’s Al-Sadd. Blanc was champion of the world in France 98 and of Europe in Belgium/Netherlands 2000 as a player, also managed Bordeaux for three seasons, spent 2 years at France and 3 at PSG. Curiously, his appointment as Al-Rayyan manager comes not long after he assured that he wouldn’t manage professionally anymore: “I no longer like football, I would only manage ch...

Anthony Joshua vs Kubrat Pulev bout confirmed for December 12

Getty Images Unified Heavyweight Champion of the World Anthony Joshua OBE will defend his IBF, WBA, WBO and IBO World Titles against Mandatory Challenger Kubrat Pulev at The O2 in London on Saturday December 12, live on Sky Sports Box Office in the UK and on DAZN in all of its nine markets including the U.S., on a show promoted by Matchroom Boxing in association with Top Rank and Epic Sports and Entertainment. Joshua (23-1, 21 KOs) recaptured his belts and position as the Unified Heavyweight World Champion with a masterful unanimous decision victory over Andy Ruiz Jr at the Diriyah Arena in Saudi Arabia on an historical night in December that saw the Heavyweight World Titles contested for the very first time in the Middle East. December 12 will be ‘AJ’s’ first fight on UK soil in over two ...

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