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OPEC to adjust upward monthly production by 0.432mb/d for June

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The Organisation of the Petroleum Exporting Countries (OPEC) has reconfirmed its decision for upward adjustment of the monthly overall production by 0.432 million barrels per day (mb/d) for the month of June 2022.

The News Agency of Nigeria (NAN) reports that OPEC said this in its statement following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on Thursday.

The meeting reconfirmed the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting.

The meeting reiterated the critical importance of adhering to full conformity and to the compensation mechanism, taking advantage of the extension of the compensation period until the end of June 2022.

“Compensation plans should be submitted in accordance with the statement of the 15th OPEC and non-OPEC Ministerial Meeting,” it said.

It also noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market.

It further noted the continuing effects of geopolitical factors and issues related to the ongoing COVID-19 pandemic.

The 29th OPEC and non-OPEC Ministerial Meeting, the organisation said, will hold on June 2.

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BREAKING: Tinubu’s Minister, Uche Nnaji, Resigns Amid Certificate Forgery Scandal

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By: Fabian Apechihin

The Minister of Innovation, Science and Technology, Uche Nnaji, has resigned from President Bola Ahmed Tinubu’s cabinet amid a growing controversy surrounding his academic credentials.

Presidential spokesman Bayo Onanuga confirmed Nnaji’s resignation in a statement issued late Tuesday.

Nnaji’s exit follows mounting allegations that his academic certificates were forged. Investigations revealed that the University of Nigeria, Nsukka (UNN), disowned the Bachelor of Science degree he claimed to possess, stating that he never completed his studies at the institution and was therefore not issued any certificate.

According to UNN Vice-Chancellor Prof. Simon U. Ortuanya, Nnaji was admitted in 1981 but failed to meet the requirements for graduation.

In a related development, the National Youth Service Corps (NYSC) reportedly disowned the certificate of national service presented by Nnaji, describing it as fake.

His resignation marks the latest in a series of controversies to hit the Tinubu administration over questions of integrity and accountability among public officials.

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INEC Chairman, Yakubu Hands Over

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INEC chairman, prof. Mahmood Yakubu has concluded his second tenure as INEC chairman today.

After ten years in office, prof. Mahmood yakubu handed over to inec national commissioner, May Agbamuche Mbu, as acting INEC chairman, pending the appointment of a new INEC chairman by the president.

The handing over was made during a meeting with resident electoral commissioners

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Israel Launches Heavy Airstrikes in Gaza as Ceasefire Talks Collapse

Tensions in the Middle East have surged once again as Israel carried out a series of heavy airstrikes on Gaza late Sunday night, following the collapse of ongoing ceasefire negotiations.

According to international reports, the strikes targeted areas suspected of housing Hamas infrastructure, including tunnels, weapons storage sites, and command centers. Witnesses described powerful explosions that lit up the night sky, with plumes of smoke and debris rising across Gaza City. Emergency responders have been racing to rescue civilians trapped under the rubble, while hospitals struggle to cope with a growing number of casualties.

The Palestinian health ministry reported several deaths and dozens of injuries, though the exact figures remain unclear amid the chaos.

The renewed violence follows weeks of indirect talks between Israel and Hamas aimed at achieving a durable ceasefire and improving humanitarian conditions in Gaza. Sources close to the negotiations said discussions collapsed over disputes concerning prisoner swaps, border access, and security assurances.

Israeli officials said the airstrikes were a “necessary response” to continued rocket attacks from Gaza, while Hamas vowed swift retaliation.

The United Nations, the European Union, and several world leaders have called for restraint and a resumption of dialogue to prevent the situation from spiraling into a wider conflict. Meanwhile, civilians on both sides continue to bear the brunt of the violence—facing blackouts, food shortages, and growing fear as hopes for peace once again fade.

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