Author: Akanimo Sampson

Russia’s Direct Investment Fund (RDIF) is hammering out a deal to supply pumping equipment to Saudi Aramco, CEO Kirill Dmitriev told Russian media outlets. In an interview with Russia’s Rossiya 24 TV station, Dmitriev said that Saudi Aramco “is a very important partner” of the Russian sovereign wealth fund. “Right now, we have finalised the main parameters of the Novomet deal to supply Russian-made pumping equipment to Saudi Aramco and other companies, and Saudi Aramco will become an investor in this project,” he said. Adding, Dmitriev said that a number of potential investments for Saudi Aramco in Russia are currently being considered.…

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A Consulting Director of Energy at HIS Markitt, Vinod Raghothamarao, says the Vienna Alliance of OPEC and non-OPEC oil producers decided in December 2018 to reduce oil supply from October levels by a collective 1.2mmbpd starting in January 2019, effectively reversing a supply expansion of 1mmbpd that was agreed at its last meeting in June. According to him, OPEC will account for 800,000 bpd of that cut, and 10 non-OPEC members of the alliance will account for the remaining 400,000 bpd. Saudi Arabia and Russia, the two largest producers in the alliance that accounted for the lion’s share of increased…

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Nigerian workers and the 36 governors of the federation are currently heading for a bloody head-on collision as none of the parties is yet willing to shift ground on the disturbing new salary package this 2019. While workers were expecting the new salary package to take effect from this January, the governors do not appear to be in a hurry to play ball. The Nigeria Governors Forum (NGF) at the moment is insisting that competing demands will make it impossible to meet the N30,000 minimum wage being demanded by the organised labour. They are claiming that the revenue accrual to…

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A post by Rael Science on Google says a new study has found that those who believe in the tenets of Calvinism are more likely to also believe myths that justify domestic violence against women. The research according to the post, appears in Psychology of Religion and Spirituality. ‘’Previous research on religion and domestic violence has yielded discrepant findings and has generated fierce debates. We investigated domestic violence myth acceptance (DVMA) rather than reports of actual violent behavior to try to understand the broader worldview orientations that serve to enable domestic violence through beliefs that basically blame victims’’, explained study author…

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Speaker of the House of Representatives, Yakubu Dogara, has urged the Nigerian people to be on red alert this new year against those he described as ‘’anti-democratic forces’’.He has also assured them not to despair, but look to the future with optimism and absolute faith in the Almighty God as the country enters 2019. In a new year message, Dogara acknowledged that 2018 was characterised by unprecedented spate of needless killings, decline in the country’s economy, unemployment, general insecurity and other acts of lawlessness due to poor governance but is persuaded that 2019 offers Nigerians a unique opportunity to renew…

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Speaker of the House of Representatives, Yakubu Dogara, has eulogised  the late Second Republic President Shehu Aliyu Usman Shagari, declaring that he was a true democrat and  an icon of transparency. The speaker spoke just as his party, the Peoples Democratic Party (PDP) took on President Muhammadu Buhari for his conspicuous absence at the burial of highly respected former president on Saturday. ‘’President Buhari’s absence at the funeral, particularly regarding Shehu Shagari’s status, as the first Executive President of our country, is unpardonable and a very wrong precedence in our national protocol’’, PDP said. Kola Ologbondiyan, the party’s spokesman who made…

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The profits of Chinese industrial companies dropped for the first time in almost three years, highlighting the effects of slowing economic growth, falling prices, and the trade war with the United States. According to Bloomberg News, industrial profits declined 1.8% in November from a year earlier, down from a 3.6% rise in October. Total profits for the month were 595 billion yuan (US$86 billion), the National Bureau of Statistics said the previous Thursday. China’s manufacturing companies are already under pressure with output growing at the slowest in a decade in November and factory inflation decelerating. If current trade talks fail, higher U.S.…

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