page contents
Connect with us

Motherland News

Oil prices edge upwards on Libya’s unrest

Published

on

606x340_344383

Oil prices edged higher by nearly 2 percent on Monday after clashes erupted in Libya on Sunday, raising concerns that efforts to restart crude exports could be disrupted.

In recent weeks, oil prices have been low and investors are keenly watching mixed messages coming from OPEC and non-OPEC member states as they prepare to meet informally next week. However, Venezuelan president Nicolas Maduro says the two sides are nearing a deal to stabilise markets.

“Most in the market I think seem that the old prices are going to remain, stuck between 40 and 50 dollars a barrel, which clearly implies that very few anticipate that a deal will be struck despite the very strong desire on the part of countries such as Venezuela to get a deal to drive the price up to take the pressure off its beleaguered economy,” said an independent markets analyst.

Clashes in Libya have halted the loading of the first oil cargo from the port of Ras Lanuf in close to two years and raised fears of a new conflict over Libya’s oil resources.

Oil traders are closely monitoring the situation in the north African country, where current production stands at about 300,000 barrels per day.

Reuters

Continue Reading
Advertisement

Motherland News

Nigeria General Elections postponement not politically influenced – INEC

Published

on

Nigeria’s electoral body, Independent National Electoral Commission (INEC) has cleared the air, saying its decision to postpone the general elections a few hours to the commencement was not politically influenced.



INEC chairman Mahmoud Yakubu said at a press conference that “The decision has nothing to do with security, nothing to do with political influence and nothing to do with lack of resources.”

The postponement heightens the political tensions in the country, especially between the ruling All Progressives Congress and the main opposition People’s Democratic Party.

 IMG-20180912-WA0030

The parties have accused INEC of kowtowing down to the political influence exerted by either party to postpone the elections which ought to begin the presidential and National Assembly elections on Saturday, February 16 2019.

PDP and APC faulted INEC’s decision to reschedule the presidential and National Assembly elections will hold on February 23 while the governorship and state houses of assembly elections will take place on March 9.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

Continue Reading

Motherland News

Nigeria: Reactions trail INEC Postponement of 2019 General Elections

Published

on

Reactions have trailed the decision of The Independent National Electoral Commission (INEC), to postpone the Presidential and National Assembly elections earlier slated for today by a week, citing operational difficulties.



Prior to the postponement of the election, the PDP accused INEC of hoarding the presidential and senatorial elections result sheets for undisclosed reasons.

The party also revealed that its monitoring and intelligence showed that INEC had been distributing sensitive election materials in most states of the federation without the Presidential and Senatorial elections results sheets.

The National Publicity Secretary of the Party, Mr. Kola Ologbondiyan, in a statement said that the party’s agents were being denied the INEC accreditation and identification cards, ostensibly to shut them out of the election monitoring process and allow the APC a field day to manipulate the process.

According to him, “The development is already heightening tension and suspicion of underhand method by the commission to open the elections for manipulations and allow the APC to enter fictitious results for onward transmission to collation centres.”

The PDP also rejected alleged substitution of the already trained INEC adhoc staff in various states of the federation with members of the APC.
 IMG-20180912-WA0030

The party said that PDP would never allow “this unscrupulous attempt at power hijack to stand.”

He stated, “This surreptitious ploy to use APC members as polling staff is a direct template by the APC in collusion with some INEC officials, to rig the elections for the APC.

“This affront to the collective quest by the people for a credible election is akin to sitting our nation on a keg of gunpowder.”

A renowned political analyst in Lagos state, Isaac Abiola on his part expressed displeasure at the postponement, citing the electoral body’s insincerity the worrisome part.

Mr Abiola said “I am disappointed with INEC. It is obvious that they are not sincere with us. INEC till 11:30pm yesterday claimed to have been ready and even tweeted that their situation room was ready. It is not a must to conduct elections when you are not fully ready. But the decision to postponed should have been reached and announced at least 24hrs before election. Why announce 2:30am when people were sleeping. I feel there is an arrangement somewhere.”

 IMG-20180912-WA0030

Also Reacting to the postponement, Senior Advocate of Nigeria, Ahmed Raji, noted that if the postponement was towards achieving a credible, free and acceptable election, it is in order. According to him, if the reason for the postponment is actually on logistics as it is being said, it is okay instead of the Commission to go ahead and conduct an election that would put it to ridicule both locally and internationally.

Raji, while stating that it is high time Nigerians begin to see election as a process, observed that budgetary allocation for the elections came a little bit late.

According to him election materials are not things people just pick from the shop, hence the commission needs adequate time to plan and arrange for some of this materials.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

On the ruling party’s side, Arc Waziri Bulama, the deputy director general of APC presidential campaign council disclosed the party’s readiness for the forthcoming general elections dismissing claims that the APC was looking for a postponement of the polls. Bulama who disclosed this on Wednesday, February 13, stated that the council had carried its campaign all over the country. He said the responsibilities of leaders was to deliver good governance, secure the lives of Nigerians, ensure that they promote justice, rule of law, peace and freedom through their actions.



Meanwhile, the opposition People’s Democratic Party presidential candidate Atiku Abubakar said the postponement of the general election by Independent National Electoral Commission is “obviously a case of the hand of Esau but the voice of Jacob.”

“The Buhari administration has had more than enough time and money to prepare for these elections and the Nigerian people were poised and ready to perform their civic responsibility by voting in the elections earlier scheduled for Saturday, 16 February, 2019,” Atiku said in a stateemnt on Saturday.

“By instigating this postponement, the Buhari administration hopes to disenfranchise the Nigerian electorate in order to ensure that turn out is low on the rescheduled date,” he added.

Continue Reading

Facebook

Advertisement
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved