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Nymex Rises as Refiners Cut Stockpile

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NEW YORK – U.S. crude oil prices pulled back from Wednesday’s highs but retained their gains after domestic stockpiles posted a smaller-than-expected decline.

The Energy Information Administration said the amount of crude oil stored in the U.S. fell by 5.6 million barrels last week, less than half the drawdown reported by the American Petroleum Institute late Tuesday. The trade group said oil stocks fell by 12.4 million barrels in the week ended Nov. 29.

Still, it was the first decline in stockpiles in 11 weeks, as refiners ramped up their production of gasoline, diesel and other products. Refiners boosted their operations by 3 percentage points to 92.4%, well above the average forecast of a 0.4-point rise in a Wall Street Journal survey of analysts.

Nymex Rises as Refiners Cut StockpileLight, sweet crude oil for January delivery on the New York Mercantile Exchange was recently up 0.8%, or 78 cents, at $96.82 a barrel, after rising as high as $97.53 in early trade.

Nymex crude also was boosted by news that TransCanada Corp. TRP.T -1.04% plans to bring a new pipeline into operation next month that will allow more crude to flow from the Midwest to Gulf Coast. The link of the Keystone pipeline from Cushing, Okla., to Port Arthur, Texas, can handle up to 700,000 barrels a day of crude.

“Expanded take-away capacity out of Cushing is expected to force big reduction in imports,” said Jim Ritterbusch, president of Ritterbusch & Associates, referring to an escalation an already growing trend.

Cushing is the delivery point of the Nymex contract and prices for U.S. futures gained at the expense of ICE North Sea Brent crude, reflecting the potential for lower imports. ICE January Brent traded 55 cents lower, at $112.07 a barrel.

Traders said Nymex crude also gained on a report from private payroll company ADP that 215,000 U.S. jobs were added in November, more than economists’ forecasts for a rise of 178,000 jobs. The Labor Department’s jobs data due out Friday is being widely watched, as signs of economic recovery could provide hints about the timing of the Federal Reserve’s stated desire to reduce its economic-stimulus program.

Analysts said the market paid little attention to news that the Organization of the Petroleum Exporting Countries agreed to keep its 30 million barrels a day output ceiling in place and to meet again on June 11. Oil ministers from Libya, Iraq and Iran said they expect their output to increase, meaning that OPEC will face tough talks on how to make room for that additional oil. Iran’s oil exports continue to be limited by sanctions but a preliminary six-month deal reached late last month with Western nations raises at least the potential that these sanctions could be loosened by the time of the June meeting.

– WALL STREET JOURNAL

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Flamingos Return To Abuja After Historic U-17 World Cup Triumph

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Nigeria’s victorious U-17 women’s national team, the Flamingos, have returned to Abuja following their historic triumph at the 2026 FIFA U-17 Women’s World Cup in Morocco.

The team arrived at the Nnamdi Azikiwe International Airport, Abuja, in the early hours of Monday, where they were received by officials of the Nigeria Football Federation (NFF) and supporters.

The Flamingos made history on Saturday after defeating Japan 2-1 in the final to win their maiden FIFA U-17 Women’s World Cup title, becoming the first African team to lift the trophy.

Goals from Awawu Bashiru and Oluebube Umejiaku secured the historic victory for Nigeria, capping an impressive campaign by the young players.

SEE ALSO: Tinubu Hails Flamingos After Historic World Cup Final Qualification, Urges Team to Win Trophy

The triumph followed another successful outing at the 2026 WAFU-B U-17 Girls Cup in Côte d’Ivoire, where the Flamingos recorded five victories from five matches, scoring 17 goals and conceding just once.

Head coach Hakeem Busari has described the team’s achievement as the outcome of sustained development, resilience and tactical discipline.

Speaking after the final, Busari said the performance of African teams at the tournament reflected the growing quality and competitiveness of women’s football on the continent.

“What we are seeing now is not a fluke. It is about development, it is about character, and it is about fighting from the beginning to really get it right. So we are elated and happy,” he said.

The coach also explained that his technical crew carefully studied Japan’s playing style before the final, particularly the team’s ability to win second balls and exploit spaces behind defensive lines.

He said the Flamingos adjusted their approach to limit Japan’s attacking opportunities, describing the encounter as a tactical contest that required collective defending, discipline and effective game management.

Busari expressed optimism that more African teams would progress to the latter stages of future editions of the competition.

Tinubu Congratulates Flamingos

President Bola Tinubu has congratulated the Flamingos on their historic achievement, describing the victory as a proud moment for Nigeria and a landmark for African women’s football.

In a statement issued on Sunday by his spokesperson, Bayo Onanuga, the President said he received the news following his return from campaign engagements in Akwa Ibom and Rivers states.

“What wonderful news to return home to! Our young girls have conquered the world and given Nigerians everywhere another reason to celebrate our great country.

“To our gallant Flamingos, I say congratulations. You have shown courage, discipline, determination and the Nigerian spirit of never giving up,” Tinubu said.

The President recalled that the players had promised to bring the trophy home following their semi-final victory, commending them for fulfilling their promise.

He particularly applauded Bashiru and Umejiaku for scoring the decisive goals, while praising the entire squad for their teamwork and determination throughout the tournament.

Tinubu also congratulated the coaching crew, the Nigeria Football Federation and the National Sports Commission for their contributions to the historic success.

He reaffirmed his administration’s commitment to grassroots sports development and expanding opportunities for young Nigerians, particularly girls, to discover and develop their sporting potential.

 

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‘Don’t Set Nigeria on Fire’ – ADC Sends Warning to APC Over Lifu Judgment

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The African Democratic Congress (ADC) has warned the ruling All Progressives Congress (APC) against what it described as a dangerous attempt to weaken the opposition through judicial controversies, following a judgment by Justice Peter Lifu of the Federal High Court, Abuja, affecting the party’s leadership and the candidacy of former Vice President Atiku Abubakar.

The party alleged that the judgment, which reportedly sacked the Senator David Mark-led leadership and invalidated Atiku’s candidacy, was a desperate attempt to undermine the opposition and deny Nigerians the right to freely choose their leaders ahead of the 2027 general elections.

SEE ALSO: Atiku Raises Alarm Over Attacks on Sowore, ADC Governorship Candidate, Accuses APC of Intimidation

In a statement signed by its National Publicity Secretary, Bolaji Abdullahi, on Thursday, the ADC linked the timing of the judgment to the massive turnout at its presidential campaign rally in Sokoto, which took place barely 24 hours earlier.

The party claimed that the rally, which attracted thousands of supporters, had triggered panic within the ruling APC and accelerated the delivery of the judgment.

“We have reasons to believe that the judgment had long been written on this case. The Sokoto rally was simply a trigger that stampeded its delivery,” the statement read.

The ADC argued that the judgment went beyond the political ambitions of Atiku and David Mark, warning that its implications could affect thousands of candidates seeking elective positions at the local, state and federal levels.

It maintained that the development threatened the democratic rights of Nigerians and the participation of opposition candidates in the forthcoming elections.

The party also questioned the legal basis of the judgment, citing an earlier ruling by Justice Musa Liman of the same Federal High Court, delivered on July 2, 2026, in Suit No. FHC/ABJ/CS/1637/2025.

According to the ADC, the earlier judgment affirmed the legitimacy of the David Mark-led National Working Committee (NWC) and directed the Independent National Electoral Commission (INEC) to recognise the leadership.

The party argued that a court of coordinate jurisdiction cannot sit on appeal over, review, vary or nullify the subsisting judgment of another court of equal jurisdiction.

It said it would challenge the latest judgment through every available judicial process, adding that it was awaiting the Certified True Copy (CTC) to establish its precise terms, scope and operative orders.

The ADC further accused the APC of using judicial processes to frustrate opposition parties whenever they gained political momentum.

Warning against what it described as an attempt to eliminate political competition, the party said the peace and stability of Nigeria should not be sacrificed for the political ambitions of any individual or party.

“We warn the APC: do not play with fires you cannot control. The peace and stability of Nigeria are bigger than the ambition of any president or political party,” the statement added.

The party also challenged President Bola Tinubu and the APC to submit themselves to a free and fair electoral contest if they were confident in their performance and popularity.

“Nigeria belongs to Nigerians, not to the APC. The presidency is not an inheritance. If the President thinks he has performed well in office, why is he afraid of competition?” the ADC asked.

The controversy comes amid growing political activities ahead of the 2027 general elections, with the court judgment raising fresh questions about the ADC’s leadership and the status of candidates contesting under its platform.

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Shettima Charges New CAF Secretary to Protect Nigeria’s Interests

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Vice President Kashim Shettima has charged newly appointed Confederation of African Football (CAF) General Secretary, Samson Adamu, to protect and promote Nigeria’s interests while advancing the development of African football.

Shettima gave the charge on Tuesday at the Presidential Villa, Abuja, when he received Adamu, who was accompanied by a delegation led by the Chairman of the National Sports Commission, Shehu Dikko.

SEE ALSO: Sanwo-Olu Pledges Full Support as Lagos Prepares to Host 2026 CAF Awards

The Vice President congratulated Adamu on his appointment, describing his emergence as the first Nigerian to occupy the position in CAF’s 70-year history as a significant achievement for the country.

Conveying President Bola Tinubu’s goodwill, Shettima urged Adamu to approach his new responsibilities with integrity, diligence and a strong sense of national pride.

“The President is proud of you, Samson Adamu. Go and do a yo-man’s job. Go and promote, protect and project and preserve the interest of the Nigerian nation,” he said.

Shettima described football as an important instrument of national unity, noting that the sport brings Nigerians together irrespective of their differences.

“Anytime Nigeria plays, it tends to subsume all other identities. Football and sports generally is a source of unity for our country. What binds us together superseded whatever divides us,” he stated.

He attributed Nigeria’s achievements in sports to the quality of its people and the contributions of administrators, coaches, talent scouts and institutions responsible for identifying and developing sporting talents.

The Vice President also recalled the achievements of Nigerian football legends, including Rashidi Yekini, Austin ‘Jay-Jay’ Okocha and Finidi George, noting that their successes were supported by individuals and institutions that nurtured their abilities.

Earlier, Dikko thanked President Tinubu and the Federal Government for supporting sports development, saying the administration’s commitment had strengthened Nigeria’s international sporting profile and created opportunities for investment through sports.

He described Adamu’s appointment as a major milestone for Nigerian sports administration and disclosed that the Federal Government had approved Nigeria’s hosting of the CAF General Assembly in November and the CAF Awards in December 2026.

In his remarks, Adamu expressed appreciation to the Federal Government for its support, describing his appointment as a source of national pride.

He pledged to use his experience as CAF’s former Director of Competitions to strengthen the continental body’s administration and advance African football.

Adamu also promised to support Nigeria’s efforts to harness its football talents and maximise its potential in continental and global sports.

He was appointed CAF General Secretary on Sunday, November 1, 2026, following a recruitment exercise by the continental football governing body. He is expected to oversee CAF’s day-to-day administration.

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