Oil Prices Struggle after Crashing to Lowest Since May

Stories by Emmanuel Addeh in Abuja 

Nigeria’s oil benchmark, Brent Crude, added just over $1 yesterday, after it settled at $62.73 a barrel, down $2.49, or 3.82 per cent at the weekend, the lowest since May 7 this year.

Also, US West Texas Intermediate (WTI) crude finished at $58.90 a barrel down $2.61, or 4.24 per cent, the lowest since early May.

In the 2025 budget, Nigeria set a target crude production (including condensates) of roughly 2.06 million barrels per day (bpd) and a benchmark price of $75 per barrel.

The development came as a ceasefire between Israel and Hamas came into effect in Gaza, as an end to the war could remove worries about disruptions to oil supplies, which had kept crude’s price higher than it otherwise would have been.

The Gaza ceasefire deal means the focus can move back to the impending oil surplus, as the Organisation of Petroleum Exporting Countries (OPEC) proceeds with the unwinding of production cuts.

But prices rose on Monday after hitting five-month low in the previous session, as investors focused on potential talks between the Presidents of the United States and China that could ease trade tensions between the world’s two largest economies and oil consumers.

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    Celebrating Dr. Bello Haliru Mohammed at 80

    Celebrating Dr. Bello Haliru Mohammed at 80

    Abdullahi Usman

    The name, Dr. Bello Haliru Mohammed (Dangaladiman Gwandu), is one I have long been accustomed to hearing within the family circles as a growing up kid in the then modest town of Birnin Kebbi of the early 1970s.

    A direct descendant of the renowned Islamic reformist scholar and first Emir of Gwandu, Sheikh Abdullahi Bin Fodio, and scion of the Ubandoman Gwandu and Magajin Rafin Gwandu families of Birnin Kebbi, Kebbi State, Dr. Bello Mohammed is an accomplished individual by any definition of the term. Back then as children, however, we used to refer to him D’an Baba, which I later got to realise was on account of his being named after his maternal grandfather and respected uncle of mine, the late Magajin Rafin Gwandu, Muhammadu Bello, of blessed memory.

    Magajin Rafi Bello was an elder brother of my late father, Alhaji Usman Malami Bunza, who would go on to inherit and hold the same title for 30 years following the passing of the former in 1973. He was also a childhood friend of my maternal grandfather and namesake, Magatakardan Gwandu, Mallam Abdullahi Kakale, dating back to the period they both attended the Birnin Kebbi Elementary School in the early 1900s.

    Mallam Abdullahi Kakale would subsequently assume the title of Magatakarda, following the appointment of his bosom friend as the Magajin Rafi on March 26, 1940. Ubandoma Sa’ad Haliru Abdu, Dangaladima Bello Haliru’s paternal grandfather was also a longstanding friend of both Magajin Rafi Bello and Magatakarda Kakale, resulting in several intermarriages amongst the three families.

    I have always held Dr. Bello, as he came to be addressed following his graduation with a Doctor of Veterinary Medicine (DVM) degree from the Ahmadu Bello University, Zaria in 1973, in reverence and awe anytime I got the chance to set eyes on him as a kid. He has always been a mentor to me from my childhood, even though he may not have been aware of it; so much so that I subconsciously modelled after him, down to adopting his style of dressing. Such that even the way I wear my cap today was copied directly from him, with the only difference being that while he pushes down the top of his own cap on the left side, I push mine down on the right, so it wouldn’t be so obvious that I copied him.

    I was also influenced to apply for the same course he studied after my IJMB at the then School of Basic Studies, ABU, Zaria. Although I managed to secure admission at the same University, my name somehow miraculously disappeared from the faculty list upon resumption, after I had earlier confirmed that I was listed among the newly admitted students. Such was the level of influence he has always had on me, and I am happy to seize the occasion of his 80th birthday on Thursday, October 9th, 2025, to finally make this open confession.

    Dr. Bello would later go on to marry my beloved elder sister, Hajiya Aisha, back when I was still in primary school. That further increased our level of interaction when I regularly visited them during my traditional exeat days on Fridays and Sundays, as a boarding student at the then Government College Sokoto in the early 1980s; the same secondary school he attended several years previously.

    I have countless childhood memories of my interactions with him during that period and can vividly recall one funny incident he may probably have long forgotten. It happened during one of those exeat visits to their home on Anka Road, Sokoto, as a 12- to 13-year-old junior student in my early years. I was so tired on a particular Sunday afternoon that I fell asleep in one of the rooms immediately after lunch, only to be discovered by the maid around 9pm, long after I should have returned to school at 6pm. On recognising how late it was, I broke down crying, knowing the fate that awaited me in the hands of my seniors back at school.

    Dr. Bello requested that I should proceed to have my dinner as he watched the day’s NTA Network News broadcast, following which he would drop me off at school. When it dawned on him that I wouldn’t stop crying, he promptly cut short his daily NTA News viewing routine and drove me straight to school. Along the way, he sought to understand why I was still crying, and amidst intermittent sobs, I explained how our seniors typically punished us for any such, or even far lesser infractions on our part.

    He offered to personally hand me over to our House Captain to explain why I was late, but I pleaded that he dropped off me at a safe distance, instead, from where I would then sneak into the hostel unnoticed. At one point, Dr. Bello then proposed meeting the School Principal to report on how junior students were being maltreated in that manner. That idea elicited even more sobs and pleas from me, knowing full well that it would fetch me even more punishment, as the seniors did not take such reports and the resulting reprimand they elicit lightly. They would likely target you once they noticed that you had people of influence that could intervene on your behalf. In the end, he reluctantly dropped me off some distance away from the hostel as I had pleaded and left.

    Dangalidama has no airs about him and would freely discuss with you despite your obvious age difference. I particularly enjoy my personal interactions with him, which always leave me better informed about the issues, regardless of the nature of the topic we may be discussing. At close quarters, it is also surprising to discover that he likes to joke a lot despite any previous assumptions to the contrary.

    Just over three and a half years ago, our already sufficiently close interactions became even more frequent when I visited his house daily over an extended period of well over three months, following an unfortunate sad incident that befell my brother at the time. We hurriedly converted his house into an emergency Command and Control Centre of sorts where we gathered daily, and I have nothing but abiding respect and appreciation for the way he expertly handled and calmed that delicate situation.

    A onetime Ahmadu Bello University (ABU) Zaria Students Union Government President (1970 – 1971); former lecturer at ABU; two-time Commissioner (Agriculture & Education) in the old Sokoto State; Deputy General Manager, National Livestock Production Company, Kaduna; General Manager, Sokoto Rima River Basin Development Authority (SRRBDA); former Director and later Comptroller  General of the Nigeria Customs Service (1988 – 1993); member, Board of Directors of the now defunct NAL Merchant Bank (1999 – 2001); Federal Commissioner in the Revenue Mobilisation and Fiscal Commission; Chairman, Kaduna Refining and Petrochemicals Company (2005); Federal Government delegate at the 2005 National Political Reform Conference (2005); National Vice – Chairman (North West),  of the People’s Democratic Party (2004 – 2008); Deputy National Chairman, PDP (2008 – 2011) and PDP National Chairman (2011); Chairman of the Board of the Nigerian Railway Corporation; Minister of Communications and Minister of Defence during the Obasanjo and Jonathan administrations, respectively, amongst many others, Dangaladima, or Sabbene, as we fondly call him, has been there, done that and seen it all.

    I would like to use the occasion of his 80th birthday on Thursday, October 9, 2025 to express my profound gratitude to the Almighty Allah SWT for the gift of his eventful and impactful life. I beseech Allah to grant him good health and many more years of positive contribution and impact to his immediate and extended family, our state, and the nation at large.

    Happy birthday and many more happy returns, Sabbene!

    ​  

    Abdullahi Usman The name, Dr. Bello Haliru Mohammed (Dangaladiman Gwandu), is one I have long been accustomed to hearing within the family circles as a growing up kid in the

    Culture of Care, Compassion and Impact at Core of Glo Foundation’s Giving Back Together Initiative

    Culture of Care, Compassion and Impact at Core of Glo Foundation’s Giving Back Together Initiative

    In Warri, Delta State, hope came alive as hundreds of women gathered at Urhobo College to benefit from Glo Foundation’s “Giving Back Together” Food Drive, a humanitarian outreach rooted in the culture of care and impact that defines Globacom’s corporate philosophy. Chiemelie Ezeobi writes that the event, which saw widows, elderly women, and disadvantaged groups receive essential food items, marked the latest stop in the foundation’s nationwide effort to cushion the effects of economic hardship on vulnerable families

    From classrooms to hospitals, markets to communities, every initiative carries the same heartbeat: a culture of care, compassion, and impact. This ethos was once again on display on Saturday in Warri, Delta State, as thousands of women converged on Urhobo College to benefit from the Glo Foundation’s “Giving Back Together” initiative, a nationwide Food Drive aimed at alleviating hunger and supporting struggling families across Nigeria.

    The programme, which targets the most vulnerable groups, saw widows, elderly women, and disadvantaged individuals receive food packs containing rice, garri, semovita, spaghetti, vegetable oil, tomato paste, sardines, seasoning cubes, noodles, and other essential items. Beneficiaries described the outreach as a timely lifeline amid the country’s economic hardship.

    The event marked the continuation of the special intervention programme by Globacom, through its philanthropic arm, Glo Foundation, designed to cushion the effects of rising food costs and inflation on low-income households. Women from communities such as Warri North, Warri South, Aladja, Ughelli South, Udu, and Uvwie gathered shortly after the monthly environmental sanitation exercise to receive their packages.

    Speaking at the event, Globacom’s Head of Corporate Social Responsibility, Mrs. Jumobi Mofe-Damijo, explained that the initiative was deliberately structured to reach the most disadvantaged groups in society, especially women and children.

    “Our Food Drive is not just for anyone. It is targeted at the most vulnerable segment of the Nigerian society, that is women and children. When we help them, we are helping the society at large,” she enthused.

    She further noted that after successful activations in Lagos and other states, it was Delta’s turn to benefit. “The food drive had become a quick, go-to route for the company to reach out to largely the female population, who constitute the bulk of the disadvantaged in every society,” she added.

    Present at the event were several dignitaries, including Barr. (Mrs.) Jereoma Sam-Oligida, wife of the Delta State Commissioner for Trade and Investment, who represented the Delta First Lady; Mrs. Ofoni Maureen, wife of the Chairman, Uvwie Local Government; Mrs. Abies Oyibode, wife of the Chairman, Udu Local Government; and Olorogun Vivian Egbo, wife of the Chairman, Ughelli North Local Government.

    Gratitude and Relief

    The atmosphere in Warri was filled with excitement, singing, and dancing as grateful women celebrated the unexpected support. 

    Princess Omo-Udoyo, a widow from Ughelli North, could hardly contain her joy. “I have not seen this before. I thank God and Glo Foundation for this gift,” she said with a beaming smile.

    For Mrs. Esther Okoro, from Otu Jeremi in Ughelli South, the gesture was a divine blessing. Her response was simply prayers: “God will lift the company and people who have done this. He will lift them higher and higher. They will never lack anything. For doing this for us today, I say may God protect them. You will always go higher.”

    From Lagos to Delta and Beyond

    The Glo Food Drive had earlier made impactful stops in Lagos, including Bariga, Ajah, and for staff of the Lagos Waste Management Authority (LAWMA), as well as during the iconic Ojude Oba festival. With Warri now added to the list, the foundation’s train is expected to berth in more key cities across Nigeria in the months ahead.

    The initiative has been widely recognised as a model of sustainable corporate giving. By engaging local communities and partnering with established food aid networks, the Foundation ensures that relief materials reach those who need them most.

    Following successful rollouts in Lagos communities like Bariga and Ikota, and now in Delta, the Food Drive is becoming a symbol of hope for thousands of families who are daily confronted with the harsh realities of inflation and unemployment.

    A Nationwide Humanitarian Drive

    Food insecurity remains a pressing challenge in Nigeria. Millions of households are struggling to afford basic necessities, as inflation and economic downturns continue to erode purchasing power. Against this backdrop, Globacom’s intervention has brought a sense of relief and renewed faith to many.

    Volunteers from Globacom also played a central role in the distribution exercise, embodying the foundation’s message of collective responsibility and shared compassion. Their participation, beyond the corporate obligation, reflects the company’s internal culture of empathy and service.

    According to observers, the Giving Back Together initiative goes beyond food distribution to a movement to restore dignity, build community trust, and encourage other corporate entities to adopt a people-centered approach to social responsibility.

    A Model for Corporate-Led Change

    From Ilaje to Bariga, Ikota, Effurun, and now Warri, Glo Foundation’s Food Drive continues to demonstrate how sustained corporate involvement can address social challenges at the grassroots. The Foundation’s steady expansion underscores a long-term vision to build partnerships, deepen community engagement, and create measurable impact.

    As Mrs. Mofe-Damijo emphasised, the goal is not only to give food but to inspire hope and change. The initiative, she said, is about making a meaningful difference across Nigeria’s communities and the Foundation intends to continue expanding its reach.

    Essentially, Glo Foundation’s Food Drive is more than just a corporate social responsibility project. It has become a life-changing intervention for families navigating economic hardship. 

    By placing care, compassion, and impact at the centre of its operations, the Foundation is setting a new standard for corporate-led humanitarian efforts in Nigeria,  proving that when businesses give back together, entire communities rise together.

    ​  

    In Warri, Delta State, hope came alive as hundreds of women gathered at Urhobo College to benefit from Glo Foundation’s “Giving Back Together” Food Drive, a humanitarian outreach rooted in

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