With Oil at Six-year Low, Crude Exporters, Firms Downsize | ThisDay
Other than Nigeria’s plummeting finances, oil companies in the country’s oil and gas sector, as is the case with oil producers worldwide, have been forced to scale down on investments, slash their budgets and lay off staff as plunging oil prices takes a toll on crude oil exporting countries and industry operators.
Brent sold at $45.54 Tuesday afternoon, down 20 cents but still some way from its 2015 low of $45.19, while US crude futures hit an intraday low of $41.43 – close to their lowest since early 2009 – before picking up when they traded at yesterday’s close price of $41.87 a barrel.
Oil thieves retreat as Navy smashes 78 illegal refineries | Vanguard
This certainly is not the best of times for operators of illegal refineries in Rivers State as men of the Nigerian Navy Ship, Pathfinder, are already making good their threat of putting them permanently out of business. In fact, in the last two months, 78 illegal refineries have been smashed in various creeks in the State.
China arrests 15,000 suspects for alleged cybercrimes | CNN
China’s central government has arrested 15,000 people for alleged cybercrimes as part of a sweeping six-month probe called “Operation Clean Internet,” according to a statement from the Ministry of Public Security.
The ongoing campaign, launched in July, is aimed at stamping out cybercriminal gang networks and improving overall cybersecurity.
FDA approves world’s first pill to boost women’s libido | USA Today
A “little pink pill” designed to boost women’s libido won approval from the U.S. Food and Drug Administration on Tuesday, becoming the first drug of its kind allowed on the market alongside several medications to improve sexual function in men.