‘Ɗangote Refinery production pushing EU refineries out of business’ – OPEC 

OPEC on Ɗangote refinery

The Organisation of Petroleum Exporting Countries, (OPEC), says the Ɗangote Refinery is affecting European markets, noting that importation of petroleum products in Nigerian has dropped reasonably. OPEC, in a report issued on Wednesday, disclosed that in the last quarter of 2024, “imports also declined, particularly oil product imports, improving the outlook for the external sector”. Recall that in September last year, Ɗangote Refinery, a $20 billion project spearheaded by billionaire Aliko Ɗangote, officially begun petrol production, marking a significant milestone in Nigeria’s energy sector. Announcing the feat, Ɗangote said: “This…

Read More

Climate change: EU raises $300bn annual cash offer Nigeria, other poor nations

EU raises

The European Union (EU), yesterday raised an offer by rich nations to help poor countries worst hit by climate change to $300 billion a year in a bid to salvage talks that the developing world warned were on the brink of collapse. Negotiators worked through the night in a windowless sports stadium in the Caspian Sea city of Baku in a search for compromise as the two-week UN climate talks dragged into an extra day. In a year set to be the hottest ever recorded, developing nations bearing the brunt…

Read More

EU fines Meta $840m for abusive Facebook ad practices

EU fines Meta

The European Commission, (EU), yesterday fined online giant, Meta almost 800 million Euros for breaching anti-trust rules by giving users of its Facebook social network automatic access to classified ads service, Facebook Marketplace. According to the EU, the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms. In an issued statement, the blocs Competition Chief, Margrethe Vestager said, This is illegal under EU antitrust rules. Meta must now stop this behaviour. Meta said it…

Read More

Gaza now worlds biggest open-air graveyard EU

European Union, (EU) foreign policy chief, Josep Borrell, has said that Israels military campaign in Gaza had turned the territory into the worlds biggest open-air graveyard. Gaza was before the war the greatest open-air prison. Today its the greatest open-air graveyard, Borrell stated yesterday, at a meeting of EU ministers in Brussels, saying, Its a graveyard for tens of thousands of people and also a graveyard for many of the most important principles of humanitarian law. Borrell also reiterated his accusation that Israel was using famine as a weapon of…

Read More

EU launches programme to end criminality in Niger-Delta

The European Union (EU) Deputy Head of Mission to Nigeria, Zissimos Vergos, has called for the elimination of factors contributing to criminality in the oil-rich Niger Delta region. Vergos called for a paradigm shift in addressing the scourge. He spoke during the launch of a peace promotion project, tagged: A Community centred approach to transforming criminality and violence in the Niger Delta, by a consortium of partners led by the Foundation for Partnership Initiatives in Niger Delta (PIND); Search for Common Ground (SFCG); Stakeholder Democracy Network (SDN) and Academic Associates…

Read More

EU pushes Israel to accept 2-States solution after war in Gaza

The European Union (EU) foreign ministers, yesterday, pressed Israel for an eventual two-States solution with the Palestinians after the war in Gaza, at meetings with the top diplomats from the two sides and key Arab States in Brussels. The surprise Hamas attack on October 7 on Israel and the subsequent devastating military response from Israel has plunged the Middle East into fresh turmoil and sparked fears of a broader conflict. But while the bloodshed appears to have driven a long-term solution further out of sight, EU officials insist the time…

Read More

EU halts advertising on X over hate speech

The European Union (EU)s executive arm says it had informed its services to stop advertising on Elon Musks social media platform X, (formerly Twitter), after a surge in disinformation and hate speech. The Commission spokesman, Johannes Bahrke, who stated this yesterday, said: We have seen an alarming increase in disinformation and hate speech on several social media platforms in recent weeks and X is certainly quite effected, European. We have therefore advised services to refrain from advertising, at this stage, on the concerned social media platforms, where we have concerns…

Read More

Brussel says it is worried by disinformation ahead of EU election

The European Commission on Tuesday expressed concerns about online disinformation campaigns potentially targeting next years European elections. Vice-President V?ra Jourov called on social media platforms to take action and singled out the Kremlin as one of the main drivers behind misleading online content, targeted at users in the European Union. EU citizens are to vote in a new European Parliament next June. The Russian state has engaged in the war of ideas to pollute our information space with half-truths and lies to create a false image that democracy is no…

Read More

2023 Polls: EU’s report an imperialist agenda – MURIC

Islamic human rights group, the Muslim Rights Concern, (MURIC), has faulted the final report of the European Union observer team on Nigerias 2023 general election. The group, which spoke yesterday, through its Executive Director, Professor Ishaq Akintola, described the report as an imperialist agenda. The statement read in part: The Chief Observer of the European Union Election Observer Mission (EU EOM), Barry Andrews, at a news conference in Abuja last week presented its final report on the 2023 general election in Nigeria. The report was an undisguised indictment of Nigerias…

Read More

FG rejects EUs verdict on 2023 general elections

The Bola Tinubu-led federal government has rejected the European Union (EU)s verdict on the recently concluded 2023 General Elections. The announcement came through a press release by the Special Adviser to the President, Dele Alake, yesterday evening. The Federal Government said it had previously alerted the nation to the intentions of a continental multi-lateral institution to discredit the 2023 general elections. Although not explicitly named in the earlier statement, the government said it was made clear that the foreign institution had persistently attacked the credibility of the electoral process and…

Read More