Ahead of Thursday”s meeting of the Organization of the Petroleum Exporting Countries (OPEC), oil prices shot up early on Wednesday morning following reports on the killing of Hamas leader, Ismail Haniyeh, in Iran.
A barrel of benchmark U.S. WTI crude rose by 2.47% to $77.20 while the Brent Crude increased by 2.04% to $80.67.
Hamas confirmed Haniyen’s death, claiming he had been killed by a “treacherous Zionist” attack on his residence in Tehran.
Haniyeh was in Iran to attend the swearing-in ceremony of the country’s new president.
He was killed a day after Israel killed Hezbollah senior commander, Fuad Shukr in an air strike on Beirut, Lebanon.
Expectations of escalation invariably push oil prices higher after hitting their lowest levels in seven weeks on Tuesday.
By: Babajide Okeowo
The post Crude oil prices surge after Hamas leader’s killing in Iran appeared first on Latest Nigeria News | Top Stories from TVN.
Crude oil prices surge after Hamas leader’s killing in Iran
CNG: Ogun launches 2,000 electric motorcycle to address transportation cost
The Ogun State Government under the state e-mobility programme launched 2,000 electric motorcycles on Wednesday.
The state governor, Dapo Abiodun said the programme aims to reduce the cost of transportation in the state and ensure a cleaner environment by reducing carbon emissions.
Abiodun, who spoke at the first phase of the launch held at the Arcade Ground, Governor’s Office, Oke-Mosan, Abeokuta, said the e-mobility initiative marks another milestone toward a sustainable and green future for the state.
He said : “Our administration is committed to mitigating the impact of the subsidy removal and the high cost of diesel fuel while reducing transportation costs for our citizens.
“We will be realizing about 2,000 e-bikes in the first phase. These commercial motorbikes can ride up to 75-80 kilometres on a full charge, and the vehicles can travel up to 200 kilometres, thus reducing transportation costs by 40 per cent.”
The governor also announced the groundbreaking of a new facility, named Giga Facility, at the Special Agro Processing Zone located in Iperu-Remo, noting that the facility, with a total investment of $40 million, would serve as an assembly plant for electric bikes, two-wheelers, tricycles, commercial buses, electric cars, and swap stations.
“This investment will be implemented in three phases, beginning with phase one, focusing on our E-Okada bike assembly, and of course, phase two with our tricycles, and phase three with our e-vehicles. It will create over 10,000 direct jobs and 50,000 indirect jobs for assembly line operators,” he said.
Abiodun however appealed to the people, particularly the youth, to engage the government constructively instead of embarking on unnecessary protests, which often do not yield positive results.
Also speaking, the Minister of Transportation, Sa’idu Alkali, lauded the state for being the first to launch the E-Mobility initiative, adding that with this development, Ogun has joined other African countries that are currently using more than 15,000 e-bikes in their transportation sectors.
Alkali appealed to other state governments to take a cue from Ogun State in partnering with the federal government in CNG usage, just as he encouraged the public to support the programme to create jobs and make transportation cheaper, more efficient, and environmentally friendly.
In his remarks, the Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, represented by the Executive Vice President of NNPCL, Mr. Lekan Ogunleye, lauded the state for always being the first in any innovation that would benefit the people.
Commissioner for Transportation, Mr. Olugbenga Dairo, in his welcome address, said the launch of the programme was a follow up to the conversion of the CNG buses last year which is aimed at addressing the increase in transportation fare occasioned by the subsidy removal.
CNG: Ogun launches 2,000 electric motorcycle to address transportation cost
Panic in Imo as unknown gunmen launch fresh attacks
Unknown gunmen on Wednesday launched fresh attacks in Owerri, Imo capital, causing pandemonium in and around the city.
TVN reports that gunmen, on Monday, attacked policemen on duty at Orji Road, killing four and carting away their rifles.
In the fresh attacks on Wednesday, residents, who were panicked by sporadic gunshots in different parts of the town, were said to have scampered to different directions for safety.
The shooting, it was gathered, took place around the popular Ikenegbu area, Wethedral Road, leading to the Government House, and Okigwe Road, stretching from the Government House Junction to the back of the Imo State University campus.
Other areas that were overrun by the gunmen were the Amawusa area on Douglas Road, and the Toronto Street, which stretches to MCC Road Junction.
A fish seller at Relief Market, near Fire Service Junction, Mrs Roseline Okeke, said that there was stampede at the market when the shooting occurred.
“Everybody ran for dear lives when the shooting was going on,” Okeke said.
Also, a POS operator at the Fire Service Junction, Miss Ukamaka Nwole, said that the assailants shot severally, when they came close to the Fire Service Police Station, before fleeing the area.
A detachment of police operatives was said to have responded to the attacks by firing tear gas to scare the hoodlums.
In a reaction, the spokesman of the Imo Police Command, ASP Henry Okoye, said the hoodlums had adopted a guerilla style, whereby they come out from their enclaves, unleash surprise attacks and go into hiding.
Okoye said that the Police Commissioner, Aboki Danjuma, has launched a head-on attack on the gunmen.
He said, “The Commissioner of Police has personally led men to the scenes.
“The command is on top of the situation.
“We will get the miscreants reponsible for the senseless attacks either dead or alive.
“We will so deal with the miscreants responsible for the attacks and killing of security operatives and unsuspecting members of the public.
“Let us encourage Imo people to report any suspicious persons or activities to the police.
“This is indeed a trying time but together we will come out victorious. Imo must be peaceful.”
Panic in Imo as unknown gunmen launch fresh attacks
Adopt necessary safety measures to avoid attacks – IPC tells journalists
Journalists and other media professionals who may be on duty to cover the planned nationwide protest starting August 1 have been urged to adopt necessary safety measures to avoid attacks.
The leadership of the International Press Centre, IPC, which gave the advice on Wednesday through a statement, said the admonition to journalists has become necessary in the light of previous experiences when newsmen were assaulted in the course of legitimate duty.
According to the Executive Director of IPC, Lanre Arogundade, media practitioners must work round the clock to ensure their safety through out the period of the protest.
“We urge all journalists and media practitioners who will be on the field to cover the anticipated nation-wide protests to adopt and implement safety measures while carrying out their activities professionally.”
He also enjoined other stakeholders, especially the security agencies, to undertake the performance of their tasks in a civil and responsible manner.
“The security forces should note that the media plays a critical role in the information dissemination chain and are obligated to professionally carry out their task in reporting societal events, hence they be accorded due rights and privileges to enable them carry out their social obligations. The media should be seen as partners in progress and not as adversaries,” Arogundade stressed.
IPC also urged members of the public, including protesters, to recognise the crucial role the media plays by protecting and supporting them as they report critical events during the protest.
Adopt necessary safety measures to avoid attacks – IPC tells journalists
Reps repeal, enact 2024 Appropriation Act
The House of Representatives on Wednesday repealed and enacted the Appropriation Act, 2024, amounting to N35.06tn, to address possible legal gaps in the extant law.
Of the total sum of N35.06tn, N1.74tn is for statutory transfers, N8.27tn for debt service, N11.26tn for recurrent (non-debt) expenditure, while N13.77tn is for contributions to the development fund for capital expenditure.
At the emergency session on Wednesday, the House considered and passed a “Bill for an Act to repeal the Appropriation Act, 2024, and enact the Appropriation Act, 2024, to authorise the issuance from the Consolidated Revenue Fund of the Federation of the total sum of N35.06tn.”
Earlier at the session, the House rescinded the decision on the long title, explanatory memorandum, and clauses 13 and 14 of the Appropriation Bill passed last Tuesday and committed the same provisions to the Committee of Supply for reconsideration.
This followed the adoption of a motion moved by the Chairman of the House Committee on Rules and Business, Mr Francis Waive.
Moving the motion, Waive, who represents Ughelli North/Ughelli South/Udu Federal Constituency, Delta State, recalled that the Appropriations Act (Amendment) Bill, 2024, was passed on Tuesday, 23 July 2024.
He added that while taking a detailed look at the bill, the Directorate of Legal Services observed some legal gaps that require reconsideration.
He noted that clauses 13 and 14 of the bill, as well as the long title and explanatory memorandum, need to be amended to reflect the intent of the Appropriation Act.
S’Falcons bow out of Olympics after 3:1 defeat to Japan
31st July 2024
Super Falcons of Nigeria have crashed out of the Paris 2024 Olympics after losing 3:1 to Japan on Wednesday.
Japan raced to two goals up by Maika Hamano and Mina Tanaka in the opening minutes before wrapping up the victory with another goal by Hikaru Kitagawa after Jennifer Echegini thought she had given the Nigerians a lifeline.
Nadeshiko Japan finished as Group B runner-up, two points behind World Champions, Spain who beat Brazil 2:0.
Details later…
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Super Falcons lose against Japan to crash out of Olympics
Nigeria’s Super Falcons have crashed out of the Paris 2024 Olympic Games after losing 3-1 to Japan in their final group C game on Wednesday.
More to follow…
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It’s exit of a nightingale – Gov Mbah mourns Onwenu
Governor of Enugu State, Dr. Peter Mbah, has joined other well-meaning Nigerians to mourn the death of Nigeria’s veteran musician, Onyeka Onwenu, who passed away on Tuesday, describing it as the exit of a nightingale and a music icon.
Mbah said the demise of the President-General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu; lawmaker representing Anambra South Senatorial District, Senator Ifeanyi Ubah, and the songstress in quick succession had dug a big hole in the hearts of Ndigbo, Nigerians, Africans, and the music world as a whole.
Reacting to the news of the unfortunate development on Wednesday, Mbah said, “This is yet another sad development for the nation in general and Ndigbo in particular.
“Coming on the heels of the demise of Chief Emmanuel Iwuanyanwu and Distinguished Senator Ifeanyi Ubah, Onyeka Onwenu’s sudden death is one death too many and has dug a gaping hole in our hearts. As the late Ghanaian poet and diplomat, Kofi Awoonor, would put it, death has indeed made war upon our house.
“Onyeka Onwenu was a music icon, a songstress par excellence, and a nightingale personified. She was born to sing, and she delivered on her earthly mission in memorable and superlative manners, winning many awards in the process.
“She was also a woman of courage, a social crusader, a patriot, and lover of her people, who never shied away from speaking up in defence and advancement of truth, justice and equity
“Onwenu will be sorely missed, but it is consoling that she lived life to the fullest of her talents, sowing herself indelibly in the heart of humanity and will, like all legends, be remembered for many generations to come. I pray God to grant her soul eternal repose and comfort her family, the nation, and, indeed, Africa.”
Onwenu’s sons, Abraham and Tijani Ogunlende, officially announced her passing the singer and songwriter’s demise on Wednesday.
“It is with heavy hearts that my brother and I want to announce the passing of our mother, the much-loved Onyeka Onwenu,” statement reads in part.
They explained that the multitalented artiste passed away in Lagos, Tuesday night.
It’s exit of a nightingale – Gov Mbah mourns Onwenu
We’ll protect protesters, other citizens, say police
Less than 24 hours before the commencement of the nationwide protest, the Ondo State Police Command has warned the organisers of the planned protest to maintain law and order.
The State Commissioner of Police, Abayomi Oladipupo, gave the warning while speaking with journalists in Akure, the state capital, on Wednesday.
Oladipupo who was flanked by other security chiefs in the state, said all the security agencies are fully on the ground to ensure peace in the state.
He said, “What we are saying is that we should allow peace to reign in Ondo State.
“We are all aware of what is on the ground in the country as relates to protest by the citizens of this country titled ‘EndBadGovernance’ which built to start from August 1st to 10th.
“We are on the frontline and I want to let you know that protest is a fundamental right in any democracy and no responsible government will want to take away the right under section 40 of the 1999 Constitution as amended.
“The citizens have the right to freely assemble and ventilate their concerns as to how they have governed.
“However, other Nigerians who are not interested in being part of the protest have their rights as well to freedom of movement. We all have the right and that right must be protected by the two sides.”
The police boss declared that the police would not allow the protest to be hijacked by hoodlums.
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Shaibu, Oshiomhole lead APC 495-man campaign council
The reinstated Deputy Governor of Edo, Philip Shaibu, was a surprise inclusion in the 197-member list released by the National Working Committee of the All Progressives Congress to drive its governorship campaign in the state ahead of the September 21 election.
The embattled deputy governor was recently reinstated by a Federal High Court in Abuja three months after he was sacked by the Edo House of Assembly.
The judge, James Omotosho, declared that Shaibu’s impeachment by the state assembly was illegal.
In the list released by the APC National Organising Secretary, Sulaiman Argungu, Cross River State Governor Bassey Otu was appointed as the chairman of the campaign train.
Otu will be assisted by Katsina State Governor Dikko Radda and former Edo Governor Adams Oshiomhole, who was announced co-chairman and deputy chairman, respectively.
Other members of the 197-man list include Senator Ovie Omo-Agege (Assistant Secretary), Senate President, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen Abbas; Minister of Aviation, Festus Keyamo; Ogun Governor, Dapo Abiodun; his Lagos State counterpart, Babajide Sanwo-Olu and other governors elected on the platform of the APC.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from According.
Contact: [email protected]
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Food prices are going up, but smart Nigerians are making millions from trading foods and commodities on this app. Start here
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Do you require the services of a tested, trusted, and experienced trader who can help you trade your online Forex, Bitcoin, and Binary accounts for a minimum 10-20% weekly profit? and who can also help you pass your Prop Firm challenge. For details, visit www.standfx.org or contact via WhatsApp: +2348030797998
