OPEC Increases 2022 Global Oil Demand Forecast By 1mbpd
Cartel’s data confirms Nigeria unable to meet August production quota Group says country’s economic recovery constrained by inflation, illiquidity
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Organisation of Petroleum Exporting Countries (OPEC)
yesterday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd), to 100.83 million bpd. This was a 4.15 million bpd increase
from the 2021 figure and a steep hike from the 3.28 million bpd growth projection it made last month. Pegging its optimism of
stronger pace of demand recovery on a steady economic outlook in all regions, OPEC stated that vaccination rates had continued to rise, while the COVID-19
pandemic was expected to be better managed, with economic activities and mobility expected to return to pre-pandemic levels. Disclosing this in its September
Monthly Oil Market Report (MOMR), the cartel further confirmed a THISDAY report Continued on page 10
Debt Service Gulps N11.679tn in Five Years... Page 5 Tuesday 14 September, 2021 Vol 26. No 9654. Price: N250
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Kabba Prison Break: Security Recaptures 99 Inmates Over 150 remanded criminals still at large Soldier, policeman killed during escape
Michael Olugbode in Abuja and Ibrahim Oyewale in Lokoja
Security operatives, yesterday, recaptured about 99 inmates
out of the 294 that escaped from the Kabba Correctional Centre in Kogi State, after some gunmen attacked the facility at about 11.03 Sunday night. Although over 150 other
inmates were still at large as at last night, reports also had it that no fewer than two security personnel, including a soldier and a police officer, died, when the gunmen invaded the facility
to free the inmates. Sources hinted that the suspected gunmen, who came in seven Hilux vans with sophisticated weapons were believed to have come
on a mission to release some of the inmates from the correction centres. The gunmen, however, had a field day shooting sporadically into the air, which enabled them
to carry out their mission. While nothing, according to an account, suggested that an improvised explosive device Continued on page 10
Army Chief to War Commanders: I Won’t Accept Any More Excuses over Attacks Says officers must take initiative, decisive action to defeat threats Maintains failure is failure irrespective of the circumstance Kingsley Nwezeh in Abuja The Chief of Army Staff, Lt. Gen. Faruk Yahaya, yesterday, read the riot act to war commanders in terrorism-ravaged parts of the country, saying he would no longer accept excuses for nonperformance in the prosecution of the war against insurgency and armed banditry. Yahaya asked commanders in the various theatres of operation to seize initiative and take decisive actions to defeat threats in their respective areas of responsibility. The army chief emphasised, “Failure is failure, irrespective of the circumstances.” In his address at the opening ceremony of the Chief of Army Staff Combined Second and Third Quarter Conference 2021, held in Abuja, Yahaya stated that the Nigerian Army on his watch would remain Continued on page 10
PULL-OUT CEREMONY FOR BABANDEDE... L-R: Jigawa State Governor, Mohammed Badaru Abubakar; Minister of Communication and Digital Economy, Prof. Isa Pantami; outgoing Comptroller General of Immigration, Muhammad Babandede and Minister of Interior, Rauf Aregbesola, during the pull-out ceremony of the CG of Immigration at the NIS Headquarters, Abuja... yesterday.
Appeal Court President Pleads with FG to Review Judges’ Salaries ... Page 10