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Concerns grow over Nigeria’s dwindling oil wells, active rigs Industrialists list implications of Brexit on economy The fortunes of what still remains the mainstay of the Nigerian economy – oil and gas – are plummeting, indicating there is no silver lining in the clouds for now. This has manifested in the dwindling number of producing wells which has dropped from 2,010 in 2014 to 1,947 by December 2015. Also, according to Statistical Bulletin of Organisation of Petroleum Exporting Countries (OPEC), the number of active rigs in the Niger Delta has dropped from 59, which it recorded in 2013, to 29. The numbers of completed wells in Nigeria’s oil sector has also dropped from 141 to 116. However, Brent crude futures rose by 2.1 per cent to $48.16 per barrel while West Texas Intermediate (WTI) rose by 2.3 per cent to $47.43 a barrel yesterday, as investors took advantage of a two-day slide in crude triggered by Britain’s vote to leave the Europe

Brexit will mean higher taxes, less spending for U.K. U.K. Treasury chief George Osborne has no doubts: Britain will "absolutely" have to cut spending and raise taxes following its vote to leave the European Union. "It's very clear that the country is going to be poorer as a result of what's happening to the economy," Osborne told the BBC on Tuesday. "We are absolutely going to have to provide fiscal security to people," he said. "In other words, we're going to have to show the country and the world that the government can live within its means." The chancellor of the exchequer said ahead of the vote that an emergency budget would be needed to fill a "black hole" of about £30 billion ($42.6 billion) per year if the U.K. left the EU. Critics dismissed the warning, and accused the Treasury official of running a campaign based on fear. On Tuesday, Osborne said that specific decisio

Hardware The  hardware  are the parts of the computer itself including the  Central Processing Unit (CPU)  and related  microchips  and  micro-circuitry ,  keyboards ,  monitors ,  case  and  drives  (hard, CD, DVD, solid-state (ssd), floppy, optical, tape, etc...). Other extra parts called  peripheral components  or  devices include  mouse ,  printers ,  modems ,  scanners ,  cameras  and  cards  ( sound ,  colour ,  video ) etc... Together they are often referred to as a  personal computer . Central Processing Unit  - Though the term relates to a specific chip or the  processor  a CPU's performance is determined by the rest of the computer's  circuitry  and  chips . Currently  the Pentium chip or processor, made by Intel, is the most common CPU though there are many other companies that produce processors for personal computers. Examples are the CPU made by Motorola and AMD. With faster processors the  clock speed  becomes more important. Compar

Govt wage bill drops by N6.6b, says Adeosun Minister says states can draw N510b budget support if they display prudence, transparency The Federal Government yesterday revealed that efforts at improving transparency in the management of public finance have enabled it save about N6.6billion on its payroll since November 2015. Minister of Finance, Mrs. Kemi Adeosun, who made this revelation yesterday while responding to questions on Channels Television Programme said the activities of the Efficiency Unit (E-UNIT) approved by President Muhammadu Buhari -led administration, since last November has “cleaned our payroll. As at last week, we had reduced our payroll amount by N6.6 billion between when I started work in November and today.” Adeosun said that government was committed to cutting cost of governance, adding that the implementation of the policy was across board of the lower and higher cadre of the public sector, adding that it would be unfair if it affects

Experts raise alarm over impending earthquake Drillers warn on unregulated activities of practitioners Experts have warned of an impending damaging earthquake in the South-West region and other parts of the country in the next four years, precisely before year 2020. In the same vein, the Association of Water-well Drilling Rig Owners and Practitioners (AWDROP) has warned that lack of regulation guiding the abstraction of underground water will induce earthquake and sea water intrusion in the country. The borehole drillers association said the manner by which people drill underground water without proper regulation and adherence to standard practice in many parts of the country would in a matter of time induce earthquake and sea water intrusion, which could make drinking water difficult to get. AWDROP National President, Mr. Michael Ale, stated this during a state of nation, water press conference, a quarterly update on the state of water resources in Nigeria

36 killed in Istanbul airport bombings as PM blames IS A triple suicide bombing and gun attack at Istanbul's Ataturk airport has killed at least 36 people, including foreigners, with Turkey's prime minister saying early signs pointed to an assault by the Islamic State group. The attackers began spraying bullets at the international terminal entrance before blowing themselves up at around 10:00 pm (1900 GMT) Tuesday, Turkish authorities said. It is the deadliest of four attacks to rock Turkey's biggest city this year, with two others blamed on IS and another claimed by a militant Kurdish group. Though there was no immediate claim of responsibility for Tuesday's carnage, "the evidence points to Daesh", Prime Minister Binali Yildirim told journalists at the scene, using another name for the jihadists. He said the dead included foreigners, but gave no further details. Justice Minister Bekir Bozdag put the number of wounded at 147.

Ekiti lawmakers hold protest over Governor’s blocked bank account According to the Speaker of the House of Assembly, Hon. Kola Oluwawole, the protest was to show that the lawmakers are in support of the Governor. Members of the  Ekiti state House of Assembly  held a protest in Ado-Ekiti, the state capital today, Wednesday, June 29, 2016, to protest the blocking of  Governor Ayo Fayose’s  bank account. The  Economic and Financial Crimes Commission (EFCC) blocked the Ekiti Governor’s Zenith bank account on Monday, June 20, 2016. The anti-graft agency also alleged that Fayose’s bank account was used to launder funds meant for the purchase of arms. The Ekiti lawmakers also condemned the actions of the EFCC describing it as illegal, adding that the Federal Government is deliberately looking for ways to implicate Fayose. According to the Speaker of the House of Assembly,  Hon. Kola Oluwawole,  the protest was to show that the lawmakers are in support of the Gove

 OJO MA DUEKE IS DEAD The former Minister of Culture and Tourism and a former Minister of Transportation Ojo Maduekwe, has died. He died at his residence in Abuja on Wednesday night shortly after returning from the US.   He was born on May 6, 1945. Chairman of the Board of BoT of the party, Sen. Walid Jibril, who is in Saudi Arabia for the Lesser Hajj, said he was shocked when he was told that Maduekwe passed on. Also a former Publicity Secretary of the PDP, Olisa Metuh confirmed Mr. Maduekwe's death. The former Minister of Culture and Tourism and a former Minister of Transportation Ojo Maduekwe, has died. He died at his residence in Abuja on Wednesday night shortly after returning from the US.   He was born on May 6, 1945. Chairman of the Board of BoT of the party, Sen. Walid Jibril, who is in Saudi Arabia for the Lesser Hajj, said he was shocked when he was told that Maduekwe passed on. Also a former Publicity Secretary of the PDP, Olisa Metuh confirmed Mr

OPEN HEAVENS DAILY DEVOTIONAL* *THURSDAY 30TH JUNE 2016* *THEME * GOD'S WATCHMAN* * MEMORIZE * Preach the word; be instant in season and out of season; reprove, rebuke, exhort with all longsuffering and doctrine. 2 Timothy 4:2 * READ * Ezekiel 33:7-9 7. So thought, O son of man, I have set thee a watchman unto the house of Israel; therefore though shalt hear the word at my mouth and warn them from me. 8. When I say unto the wicked, O wicked man, though shalt surely die; if thou dost not speak to warn the wicked from his way, that wicked man shall die in his inquity; but his blood will I require at thine hand. 9. Nevertheless, if thou warn the wicked of his way to turn from it; if he do not turn from his way, he shall die in his inquiry. * MESSAGE * As a watchman over the souls of men, it is our responsibility to preach the Word. What word? The Word of life; the Truth that sets a person free from the bondage of sin. Today, there is a