NEWS
Oil Prices Drop as Middle East Tensions Ease
Oil prices fell by about $3 on Thursday as investors bet on a possible easing of tensions in the Middle East following hopes of a wider ceasefire deal that could eventually lead to the reopening of the Strait of Hormuz.
According to Reuters, the decline came after Israel and Lebanon said they had agreed to implement a ceasefire, a development that raised expectations of possible diplomatic progress involving Washington and Tehran.
Iran has reportedly made any agreement conditional in part on an end to hostilities between Israel and Hezbollah, the Iran-aligned group in Lebanon.
Brent crude futures dropped by $3.20, or 3.27 per cent, to $94.61 per barrel on Thursday, while the US West Texas Intermediate crude fell $3.71, or 3.86 per cent, to $92.31 per barrel.
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The benchmarks had risen about two per cent on Wednesday after renewed Middle East tensions, including reported Iranian attacks on Kuwait and US military strikes near the Strait of Hormuz.
Reuters reports that in the United States, the Republican-led House of Representatives approved a resolution on Wednesday aimed at blocking former President Donald Trump from continuing military action against Iran. However, the measure would still require Senate approval and a two-thirds majority in both chambers to override a likely veto.
Meanwhile, Russia’s Deputy Prime Minister Alexander Novak said on Thursday that Russian oil production has fallen since the start of the year due to unplanned refinery maintenance, marking the first time a Russian official has acknowledged the decline.
In the United States, crude stockpiles also recorded a sharp draw. Data from the Energy Information Administration showed that inventories fell by 8 million barrels to 433.7 million barrels in the week ended May 29, far above analysts’ expectations of a 4-million-barrel drop in a Reuters poll.
Oil traders said the combination of easing geopolitical fears and shifting supply data continued to drive volatility in global crude markets.
In Nigeria, however, the Nigerian National Petroleum Company Limited recorded an over 70 per cent rise in revenue and profit. The Dangote refinery also benefitted from high fuel exports, but the masses are enduring higher fuel prices, threatening inflation.
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NEWS
Fresh Bloodshed in Plateau: 15-Year-Old Herder Killed, Cattle Slaughtered
A fresh attack by suspected gunmen in Plateau State has claimed the life of a 15-year-old herder, Sadi Aliyu, while leaving 13 cattle dead and 11 others missing.
The incident occurred in Sabon Gidan Kanar community, Jos South Local Government Area, where the teenager and other herders were reportedly grazing livestock when armed attackers stormed the area and opened fire.
Confirming the attack on Saturday, the Plateau State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Ibrahim Yusuf Babayo, said the assailants attacked the herders without provocation.
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According to him, the teenage herder was killed on the spot, while several cattle were also shot dead during the assault.
“The victim, alongside his colleagues, was rearing cattle when the gunmen attacked them. They killed one herder and 13 cattle, while about 11 cattle are still missing,” Babayo said.
He condemned the incident, describing it as a threat to peace and security in the state.
“The continuous targeting of innocent herders and their livestock is unacceptable and poses a serious threat to peaceful coexistence and security in Plateau State,” he added.
Babayo disclosed that the matter had been reported to the Bukuru B Division of the Nigeria Police Force and Sector 6 of Operation Enduring Peace for investigation and necessary action.
He called on security agencies to thoroughly investigate the attack, apprehend those responsible, and ensure justice is served.
The MACBAN chairman also urged governments at all levels to strengthen measures aimed at protecting lives and property, irrespective of ethnic background or occupation.
While appealing for calm, he advised members of the herding community and affected residents not to resort to self-help or retaliation.
“The association remains committed to peace, dialogue and lawful means of addressing grievances,” he stated.
The latest attack comes amid ongoing efforts by the Plateau State Government to address insecurity.
Governor Caleb Mutfwang recently announced a ban on night mining activities and prohibited night grazing and grazing by underage herders as part of measures to improve security across the state.
Efforts to obtain official confirmation from Operation Enduring Peace were unsuccessful, as its spokesman, Captain Polycarp Oteh, had yet to respond to inquiries as of the time of filing this report.
NEWS
Osun Commemorates World Environment Day with Tree Planting
In a bold demonstration of environmental leadership, the Osun State Government, through the Office of the Director-General and Special Envoy of the Governor on Climate Change and Renewable Energy, successfully conducted a two-day tree planting campaign.
A government house statement in Osogbo on Friday has it that the exercise for restoration and afforestation, in commemoration of World Environment Day, was held on June 4th and 5th, 2026.
The impactful programme included comprehensive climate action sensitization, donation of adequate seedlings, educational books, and interactive sessions on Climate Change Education. This forms a key part of the innovative Imole Green School Initiative, which seeks to cultivate a new generation of environmental stewards while rapidly expanding green cover across the state.
Schools that participated in the exercise include Islamic College, Osogbo; Phoebe Star School, Osogbo; Oasis School, Osogbo; Olive Branch School, Osogbo; Oba Laoye Grammar School, Ede; Ede High School, Ede; and the Federal University of Health Sciences, Ila-Orangun.
The tree planting campaign is an ongoing statewide effort, with many more schools across Osun State earmarked to receive seedlings and support in the coming months. The Office has also extended a strategic partnership to all security agencies, promising technical support and seedlings for greening their premises.
Speaking at the grand finale held at the Department of Environmental Health Science, Federal University of Health Sciences, Ila-Orangun, Prof. Chinwe Obuaku, Director-General and Special Envoy of His Excellency, Governor Ademola Adeleke on Climate Change and Renewable Energy, delivered a powerful call to action: “Over the years, my work has taught me that climate change is not merely about the environment; it is about people. It is about the child who cannot study at night because there is no access to clean energy. It is about the mother whose livelihood depends on a healthy and productive environment. It is about the community whose future is threatened by environmental degradation. That understanding has shaped our approach in Osun State.
Every tree planted is a promise to the future. It is a declaration that we refuse to be passive observers while our environment faces unprecedented challenges.”
Prof. Chinwe Obuaku reaffirmed the state government’s unwavering commitment to the Imole Green School Initiative, describing it as an enduring platform for empowering students and communities to champion environmental sustainability.
The Osun State Government under His Excellency, Governor Ademola Adeleke remains steadfast in its dedication to sustainable environmental management, renewable energy adoption, and climate resilience as foundational pillars of the state’s development agenda.
NEWS
Adeleke Prompts Police Commissioner on Plot to Destabilise Osun Motor Parks
Osun State Governor, Senator Ademola Adeleke has raised alarm over plots by some disgruntled elements to destabilise the motor parks across the state
Consequently, he directed the Osun State Commissioner of Police to nip the evil plans in the bud, according to a statement issued on Friday in Osogbo.
According to the Governor, certain individuals linked to opposition elements have concluded plans to invade motor parks across the local governments, calling the sinister moves a ploy to foist chaos on the state.
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Describing the plan as a threat to public order, the governor praises the peace and tranquillity that have prevailed at the motor parks from 2023 till date and vowed never to allow instability and conflicts to resurface at the transport joints.
“Credible reports indicated some opposition elements in this untoward plan against the peace of Osun state. We already have all the details and I warn them to drop their sinister moves.
“I have further directed the Commissioner of Police to take pre-emptive action. The current peace and stability of our dear state must be sustained at all cost”, the governor noted.





