Tag: 80

  • Buhari greets Alaafin of Oyo at 80

    President Muhammadu Buhari has sent warm greetings to His Royal Majesty, the Alaafin of Oyo, Oba Lamidi Adeyemi III, Iku Baba Yeye, on his 80th birthday.

    In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President joined the Council of Obas and Chiefs in Oyo State, Traditional Council, family and friends of the Alaafin, who is heir to the historic Oyo Empire, in celebrating the landmark age.

    As His Royal Majesty turns an octogenarian, President Buhari expressed the belief that his 48 years on the throne of his fathers have been most remarkable for the dynasty, illustrated by his contributions to the educational, social and cultural development of the people at home and abroad.

    He extolled the Alaafin’s courage in upholding the values of integrity, hard work and search for knowledge, which have been the hallmark of the great Oyo Empire, praising him for regular counsel to governments, institutions and families.

    The President prayed that the Almighty God will grant the royal father longer life, good health and more wisdom to sustain the legacies of his fathers.

  • Saudi Arabia plots to push oil prices to $80

    Despite pressure from the United States (U.S) to keep prices in check, Saudi Arabia is desperately attempting to push oil prices to $80 because the country “needs cash”.. It is keen about avoiding oil prices dropping below $70 with a price aim at $80.

    A source close to the Saudi Arabia oil industry said Saudi Arabia “need” to keep prices high in an attempt to “manage the market”.

    He said this was squarely due to U.S President Donald Trump and his attempt to keep prices in check.

    The source said: “”The Saudis need oil at about $80 and they don’t want prices to go below $70. They want to manage the market like this. They need cash. They have plans and reforms and now the IPO is delayed.

    “But they don’t want anyone else talking about oil prices now. It’s all because of Trump.”

    It follows an August report by the Oxford Institute for Energy Studies which said Saudi Arabia was attempting to “strike a balance”, according to CNBC reports.

    The report said: “Striking a balance between the various objectives, and doing it within a narrow price range, is an extremely difficult task given the wide uncertainties and the different shocks hitting the oil market. Saudi Arabia is in need of flexibility in its output policy.”

    It comes after a commodities expert warned U.S crude oil prices could soar to $95.

    An energy expert and founding member of investment management company Again Capital, John Kilduff, said the U.S’s crippling sanctions, which have seen Iran’s fuel supply plummet, were a direct factor in the surge in U.S crude price.

    He told CNBC Future’s Now programme: “The global market is tight and it’s getting tighter, and the big strangle around the market right now is what’s in the process of happening with Iran and the Iran sanctions. These Iranian barrels that we’re going to lose, it’s really going to hurt. It’s really going to make a difference and tip the scale in my view to an upside surprise.”

  • Oil hits $80, highest since Nov 2014

    Oil price climbed to $80per barrel yesterday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduced supply in an already tightening market.

    Brent crude futures reached an intraday high of $80.18, while U.S. West Texas Intermediate (WTI) crude futures were up 57 cents at $72.06 a barrel, also their highest since November 2014.

    President Donald Trump’s decision this month to withdraw the US from an international nuclear deal with Iran and revive sanctions that could limit crude exports from OPEC’s third-largest producer, has given strong tailwind to oil prices.

    France’s Total on yesterday warned it might abandon a multi-billion-dollar gas project in Iran if it could not secure a waiver from U.S. sanctions, casting further doubt on European-led efforts to salvage the nuclear deal.

    A rapid decline in Venezuela’s crude production has further roiled markets in recent months.

    “The geopolitical noise and escalation fears are here to stay,” said Norbert Rücker, Head of Macro and Commodity Research at Swiss Bank Julius Baer.

     

     

  • Oil prices race to $80

    Oil prices steadied below 3-1/2 year highs yesterday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production.

    Read also: NNPC to commence oil exploration along Gongola Basin – GMD

    Brent crude was up 20 cents at 77.32 dollars a barrel by 1315 GMT and U.S. light crude rose 10 cents to 70.80 dollars.

    Both oil futures contracts hit their highest since November 2014 last week at 78 dollars and 71.89 dollars a barrel, respectively as markets anticipated a sharp fall in Iranian crude supply once U.S. sanctions bite later this year.

    It is unclear how hard U.S. sanctions will hit Iran’s oil industry.

    A lot will depend on how other major oil consumers respond to Washington’s action against Tehran, which will take effect in November.

    China, France, Russia, Britain, Germany and Iran all remain in the nuclear accord that placed controls on Iran’s nuclear programme and led to a relaxation of economic sanctions against Iran and companies doing business there.

    The surge in oil prices comes at a time of tight supply amid record Asian demand and voluntary output restraint by the Organisation of the Petroleum Exporting Countries and non-OPEC producers, including Russia.

  • Strong demand pushes oil near $80

    Brent crude oil rose for a sixth day yesterday to hit its highest since November 2014 at over $75 per barrel.

    This development is buoyed by expectations that supplies will tighten just as demand reaches record levels.

    Brent crude futures marked $75.27 a barrel yesterday.

    Brent’s six-day rising streak is the longest such string of gains since December, with prices up more than 20 per cent from 2018-lows plumbed in February.

    U.S. West Texas Intermediate (WTI) crude futures were at $69.17 a barrel.

    Markets have been lifted by supply cuts, which were introduced in 2017 with the aim of propping up the market, led by the Organisation of the Petroleum Exporting Countries (OPEC).

    The potential of renewed United States (U.S.) sanctions against Iran is also pushing prices higher.

    The U.S. has until May 12 to decide whether it will leave the Iran nuclear deal and re-impose sanctions against OPEC’s third-largest producer.

    This would further tighten global supplies.

    “Crude prices are now sitting at the highest levels in three years, reflecting ongoing concerns around geopolitical tensions in the Middle East, which is the source of nearly half of the world’s oil supply,’’ ANZ bank said.

    OPEC’s efforts to tighten markets are being led by Saudi Arabia, the top exporter Saudi Arabia, where state-controlled oil firm Saudi Aramco, is pushing for higher prices ahead of a partial listing planned for later this year or 2019.

    “Oil strength is coming from Saudi Arabia’s recent commitment to get oil back up to between $70 to 80 per barrel and inventory levels that are back in the normal range,’’ said William O’Loughlin, investment analyst at Australia’s Rivkin Securities.

    OPEC’s supply curtailments and the threat of new sanctions are occurring just as demand in Asia, the world’s biggest oil consuming region, has risen to a record as new and expanded refineries startup from China to Vietnam.

  • Two bag First Class as unical inducts 80

    Two bag First Class as unical inducts 80

    The University of Calabar (UNICAL) International Conference Centre was filled. The event was the induction of the new Medical Laboratory Scientists.

    The Vice Chancellor (VC), Prof. Zana Akpagu, represented by the Deputy Vice Chancellor (DVC), Academics, Prof. Florence Obi, described the occasion as epoch- making.

    “Medical laboratory science is a noble profession and must be practised with all form of proficiency,” she noted. She charged the graduates to represent the institution well and ensure they put into practice (best practice) what they had learnt.

    UNICAL’s Head of Medical Laboratory Science Department Prof. A. A. A. Alaribe, said 80 graduates completed their studies and were worthy to be inducted into the Medical Laboratory Science Association of Nigeria. He said of the number, two made First Class. They were Nehemiah Emono Dankano and Usungise Peace Bassey.

    Dankano, an indigene of Taraba State, was the overall Best Graduating Student with a CGPA of 4.78 while Usungise Peace Bassey, from Akwa Ibom State, came second with a CGPA of 4.57.

    Dankano won the Best Graduating Student’s award, Medical Laboratory Science Council of Nigeria award, Best Graduating student award for Chemical Pathology.  Bassey won Best Graduating Student award from Haematology, Dr. Usanga’s Award while Ntem Patience Komommoh won Best graduating student award from Medical Microbiology, Udofia Nicholas won Prof. Lydia Abia-Bassey award in Medical Mycology. HOD’s Outstanding Innovative Award went to Alaribe Anthony Akabueze, Bassey won Ekemini Raymond award for graduating student Haematology, lastly Eworo Raymond won Entrepreneurship award.

    The Registrar/Chief Executive Officer, Medical Laboratory Science Council of Nigeria, Mr. Tosan Erhabor, described the occasion as  special, especially for the inductees. He congratulated the inductees on their graduation.

    The highpoint of the event was the oath-taking, exchange of mementos by deserving students in various categories and presentation of practising licence by Erhabor.

    Speaking on behalf of the newly inductees, Dankano charged his coleagues to put the knowledge and ideas acquired into work. ‘’He applauded the school management under Prof. Zana’s watch for providing an enabling and conducive environment for effective learning which has aided them these accolades. He lauded the lecturers in the department and other departments domiciled in the medical college for the knowledge and skills instill in them, “finally to our proud parents and well wishers your support and encouragements has done us well”.

    Mr. Michael Monity led the inductees in taking the ceremonial three-bow of loyalty; first to the almighty God, School Management and lecturers, and to parents and sponsors.

  • Edo students hail Obasanjo at 80

    The University of Benin (UNIBEN) chapter of the National Association of Edo State Students (NAESS) has congratulated former President Olusegun Obasanjo on the occasion of his 80th birthday and commissioning of his Olusegun Obasanjo Presidential Library (OOPL).

    The association, in a statement by its president, Suleiman Abdulahi, eulogised the octogenarian for his “doggedness in the defence of democracy” and “patriotic service” to the nation.

    The statement reads: “The entire Edo State students celebrate Chief Olusegun Obasanjo on the occasion of his 80th birthday. We congratulate him for his patriotic service to Nigeria and Africa at large. We are proud of his achievement during his tenure as president, the hallmark of which remains birth of Global System of Mobile Communication (GSM).”

    Suleiman said the OOPL’s opening was not just a mere celebration of the former president’s public life, but also his achievements and legacies. According the Suleiman, the library would remain a reminder of Obasanjo’s commitment to the unity and progress of the nation.

  • Obaseki inaugurates Agric committee, targets 80,000 jobs

    Obaseki inaugurates Agric committee, targets 80,000 jobs

    Governor Godwin Obaseki of Edo yesterday inaugurated an ad hoc committee under the Agriculture Empowerment Initiative to revamp agriculture in the state.

      Obaseki, while inaugurating the committee at the Government House in Benin, said that the ad hoc committee was to kick-start reforms in the agricultural sector of the state before a full committee would be formed.

    The committee is a product of the Public Private Partnership between the State and private sector partners.

      The partnership between the state government and private sectors comprise Saro AgroSciences, a leading company in the agribusiness space of Nigeria with expertise in crop production and protection and Afrinvest W.A. Ltd a leading financial advisory service provider in Nigeria and West Africa.

    Governor Obaseki explained that the ad hoc committee would help the government implement specific projects, which would create between 50,000 to 80,000 agricultural jobs before the end of the year in five Local Government Areas.

    Revealing the mandates of the ad hoc committee, Obaseki said, “We want to ensure that we begin some agricultural activities before the next cropping season. We want to cultivate 5,000 hectares of maize located in 5 Local Government Areas of the State producing at least 25,000 metric tons of maize in the first year.

      Besides, there would be another 1,000 Greenhouse Farm producing 4,000 metric tons of tomatoes yearly, piggery producing 30,000 animals annually, Golden Cocoa Program primed to turn the State into a major cocoa producing state in the country by improving yield by more than 50% in the first year of implementation.

      The Governor said the partnership will achieve the following objectives through the 4 projects: Generation of employment for the teeming youth population of the State, wealth creation through agricultural activities that will lead to the creation of 2000 millionaire Agripreneurs who will in turn generate jobs for at least 30,000 youths across each units of the state and food security for the over 4million people of the State.

      He added that the Ministry of Agriculture would serve as the secretariat while the Secretary to the State Government would give the committee the necessary support, while the committee will, on a weekly basis, submit reports on the level of progress being made.

    In his remarks, the chairman of the ad hoc committee, Chief Osaro Idah, commended the governor for the opportunity to serve.

      He assured the governor of the committee’s commitment to achieve its mandate of employment creation and increased agricultural productivity in the state.

      Other members of the eight-man committee include Oluwole Adeyegbe as Deputy Chairman, Mr. B. S. Kadiri as Secretary, and Dr. Tunde Faturoti, Mr Olumide Ogunedojutimi, Mr Walter Obaseki, Surveyor Godwin Osayande and Mr Victor Ndakauba as members.

  • Proteus at 80

    • Areoye Oyebola has shown impact in various fields

    The irony of biographies and the human penchant for theatre is that we are often more likely to recall controversies than soaring accomplishments.

    Chief Areoye Oyebola turned 80 recently, and what many analysts have focused on are not his books that are stellar or his journalism that was distinguished, but his tiff with another giant in the world of journalism.

    But what will endure for many are his books, especially the generations of young people who read and grew to be fond of him because they relied on him to pass their examinations in economics.

    But this did not just happen. His interest in writing dates back to very early in his life, especially at St Paul Anglican School, Yemetu, Ibadan. Writing became so natural to him that later he wrote articles with ease for his secondary school magazine, The Mountaineers, at Ibadan Grammar School.

    It was there he caught the travel bug that shone later in his life, but he travelled locally making notes of his sojourns as a young boy and school enthusiast in the old Western Region. He became enamoured of the English language and a teacher encouraged him to acquire a notebook to preserve great phrase.

    It was in those years that his writing life dovetailed to a sort of activist awakening with his association of the National Council of Nigerian Citizens and also was elected chairman of Opara Youth brigade.

    His writing became so prolific that they illumined quite a few publications, including the Tribune. Although a freelance, when he was offered a job at the Daily Times, Nigeria’s towering newspaper at the time, his employer thought he was already a full-time staff of the Tribune.

    As a writer, perhaps his most seminal work is titled, ‘The Black Man’s Dilemma’, which represents the range of his intellectual mind but also his vision of the black man in the sweep of human history. It also shows a world citizen in his travels across the United States, Europe and Asia.

    Though his works on economics taught a generation the basics, this man has written at least 26 books.

    His career as a journalist and controversies often overlooks his distinguished time as journalist where he also ran an informed column, Frank Talk from 1972 to 1975.

    But the controversy woven around his exit from the Daily Times continues to be a grist for professional reference and a metaphor of backroom manoeuvres and allegations and counter-allegations of back-stabbing, imperious power play and the fragility of conscience.

    It is also an irony that it represented a microcosm of the larger society. Head of State General Yakubu Gowon had just been ousted in a coup by officers led by Murtala Muhammed in 1975. It provided the context and pretext for the boardroom onslaught that made Oyebola a former editor and Chief Segun Osoba the new one.

    Oyebola also served as commissioner for home affairs and information in the old Western Region, serving as one of the first from the profession to transmute from the media to media manager in government.

    Oyebola has also spent a good part of his life as religious devotee and has set up Worship, Warfare and Miracle Centre in Ibadan, which is part of his story of conversion that began in Lausanne, Switzerland, when he gave his life to Christ.

    During the Abacha years, he also joined the National Democratic Coalition (NADECO) in the battle to restore democracy in Nigeria.

    A writer, educationist, journalist, author, economist, activist, Christian faithful, administrator, Oyebola has been a man of protean abilities, and he must be congratulated as he turns 80.

  • Quiet celebration for Kuforiji-Olubi at 80

    Quiet celebration for Kuforiji-Olubi at 80

    While many are known to make the loudest noise in the public space only to be exposed as empty barrels, Otunba Bola Koforiji-Olubi is reputed for her quiet demeanour. Even in her advanced years, she manages to exude dignity and power.

    The woman, who has been a mainstay of the social scene even before some current celebrities were born, recently turned 80 and elected to mark the occasion in a low-key affair. A thanksgiving service was held at the All Saints Anglican Church, Montgomery Road, Yaba, Lagos.

    Among those who graced the ocassion were former governors Peter Obi and Gbenga Daniels, fellow traditional chief Otunba Subomi Balogun, Senator Ben Obi and Mrs Bola Obasanjo, among others.

    Otunba Bola kuforiji-Olubi is reputed as a trailblazer, especially among the womenfolk. At a time when most women were still confined to the kitchen, the bedroom and the other room, she had acquired several professional degrees. After earning a degree in Economics from the University of London, she went ahead to become a chartered accountant and also bagged several other degrees. She eventually became the first woman to head the Institute of Chartered Accountants of Nigeria, among many other laurels.