Buhari Appoints New Executive Secretary For NPHCDA

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President Muhammadu Buhari on Wednesday approved the appointment of Faisal Shuaib as the Executive Secretary of National Primary Health Care Development Agency (NPHCDA).

This is contained in a statement issued by his senior special assistant media, Garba Shehu.

Buhari Fires 4 Heads Of Nigerian Aviation Agencies In Major Shakeup

The statement stated that Dr. Shuaib, a medical doctor and public health specialist, is currently a Senior Program Officer (Africa) for the Bill and Melinda Gates Foundation (BMGF) at Seattle, USA.

At the BMGF, Mr. Shuaib is responsible for developing and implementing strategies on polio outbreak response activities in Africa. Prior to joining the foundation, Mr. Shuaib coordinated Nigeria’s successful response to the outbreak of Ebola Virus Disease (EVD) as the Incident Manager of the Ebola Emergency Operations Centre in 2014.

He was also a member of the six-member panel established to assess the response of the World Health Organization (WHO) to the global Ebola outbreak in 2014 and provided technical advice to the Federal Ministry of Health and NPHCDA in areas of immunisation and polio eradication activities between 2012 and 2015.

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Mr. Shuaib had in the past also worked as a research associate at the University of Alabama at Birmingham.

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Fayose Evicts NSCDC, Other Federal Agencies From Estate Over Rent

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The Governor Ayodele Fayose led government in Ekiti State on Wednesday evicted the Nigeria Security and Civil Defence Corps, (NSCDC), the State command, and all Federal Government Ministries, Agencies and Parastatals from the state-owned properties in Ado Ekiti over unpaid rents.

It was gathered that they were evicted from Fayose Housing Estate, located along Afao Ekiti Road in Ado Ekiti, the state capital.

The estate, which housed federal establishments such as NSCDC, Prisons Service, NAFDAC, NOA, NABTEB and others, was built by Fayose during his first term in office as a governor of the state and was named after him.

Confirming the eviction, the NSCDC Public Relations Officer in the state, Tolu Afolabi, said the state government had earlier given a year grace to all the ministries and agencies to look elsewhere for accommodation or buy the property as the state could no longer give out its property free of charge in view of the biting economic situation in the country.

“The period of grace ended on the 31st of December, 2016 after which a letter of eviction was served on the occupants of the estate

“The letter said failure to quit the property would result being dragged to a rent tribunal

“With this development, NSCDC officers in the state have been trying to cope with the situation and we are urging well meaning Nigerians to assist the Corps

“It should also be noted, however, that not only Civil Defence was evicted by the State Housing Corporation from the property as being peddled in some quarters but all the federal agencies in the estate”, he said

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NUPENG: Petroleum Workers Call Off Strike

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The National Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday in Abuja called off its three-day nationwide warning strike.

Fuel Depots Shut Down As NUPENG Begins Nationwide Strike

According to its President, Igwe Achese, the strike was called off after a reconciliatory stakeholders meeting held at the instance of Minister of Labour and Employment, Sen. Chris Ngige.

He said: “I am happy to say that each and every issue raised has been addressed and I hope that all parties will be committed to implement the agreement.

“ We have therefore decided to call off the three- day warming strike. ‘’

The President of NUPENG, while lauding the minister for his intervention in addressing the issues raised by the union, also commended PENGASSAN for also calling off its two-week warning strike.

NUPENG had given a notice of three-day warning strike on Tuesday, over disputes with International Oil Companies, over indiscriminate sack of workers without benefits and refusal to allow their workers to join union.

No Single Drop Of Kerosene In All Lagos Depots -NUPENG

Others stakeholders at the meeting were the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Nigeria National Petroleum Co-operation(NNPC), National Salaries and Wages Commission, oil and Servicing companies, among others.

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The Late Episode : All The Latest Football News And Transfer Gossips Today

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  • Chelsea boss Antonio Conte is planning a shock move for West Ham star Michail Antonio.
  • Swansea City are looking to Leicester striker Leonardo Ulloa as a replacement for Chelsea target Fernando Llorente.
  • Manchester United will recall Cameron Borthwick-Jackson from his loan spell at Wolves this week.
  • Brentford have rejected West Ham’s latest offer of £12.5m for Scott Hogan as they hold out for their £15m valuation.
  • Serie A outfit AC Milan are still hopeful of completing a deal for Everton winger Gerard Deulofeu.
  • Torino striker Andrea Belotti says he won’t let Arsenal’s £55m bid affect him. Arsene Wenger has been hot on the heels of the striker after his 13 goals this season.
  • Stoke City have tabled a fresh £12m bid for troubled West Brom striker Saido Berahino.
  • Meanwhile, Rangers are plotting a summer swoop to try and tempt Berahino to try his luck in the Scottish Premiership.
  • Manchester United could return to Paul Pogba’s former club Le Havre to sign French youth star Yasser Larouci. The teenager has already impressed Southampton while on trial at St Mary’s in December.
  • Sheffield Wednesday are bidding to sign striker Sam Winnall from Barnsley in a £500,000 deal.
  • Chelsea are lining up a £16m bid for Fenerbahce defender Simon Kjaer.
  • Derby County’s Tom Ince is a £8m target for Newcastle.
  • Max Gradel is ready to hand in a transfer request to leave Bournemouth.
  • Crystal Palace have been told they will have to pay £12m for Leicester City’s Jeffrey Schlupp.
  • Paris St-Germain are prepared to sell Jese Rodriguez and Grzegorz Krychowiak just months after signing them for a combined £55m.
  • Southampton have made an approach for Porto outcast Sergio Oliveira.
  • Atletico Madrid manager Diego Simeone has made Alexis Sanchez his No 1 summer transfer target.
  • Crystal Palace striker Christian Benteke has become the latest player to be linked with a move to the Chinese Super League.
  • Borussia Dortmund ace Neven Subotic has paid thanks to his mentor Jurgen Klopp while his agent has refused to rule out a move to England this month.
  • Arsenal are becoming increasingly concerned superstars Mesut Ozil and Alexis Sanchez won’t sign new deals.
  • Arsenal midfielder Dan Crowley has completed a loan move to Dutch side Go Ahead Eagles.
  • Liverpool want to sign Bayer Leverkusen’s £20m-rated winger Julian Brandt in the summer.
  • Serie A side Atalanta have turned down an offer from Everton for their Ivory Coast international Franck Kessie.
  • Aston Villa are interested in signing Jeffrey Schlupp from Leicester but face competition from Crystal Palace and West Brom for the Ghana international.
  • Chelsea’s redevelopment of Stamford Bridge could move a step closer on Wednesday as the planning application for a 60,000-seat stadium is presented to Hammersmith and Fulham Council.
  • Gabriel Jesus’s £27m move to Manchester City is yet to be signed off because the final paperwork is not in place.
  • Paris St-Germain are contemplating a summer bid for Arsenal forward Alexis Sanchez.
  • Everton have made an offer for Standard Liege midfielder Ishak Belfodil.
  • Mamadou Sakho would consider an offer from Southampton as he looks to leave Liverpool. Swansea, Sevilla and Galatasaray are also interested in the defender.
  • Roma want Chelsea midfielder Charly Musonda on loan. He has been with Real Betis since last January.
  • Rangers have signed highly-rated defender David Bates from Raith Rovers after the 20-year-old impressed on a development loan at Ibrox.
  • Middlesbrough are the latest side to show an interest in Scotland star Robert Snodgrass.

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Tuchel: It’s Not Time To Negotiate Contract Renewal

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Borussia Dortmund coach Thomas Tuchel is waiting till the end of the season before he can start talks of renewing his contract.

Tuchel is halfway through his current contract and his side are currently sixth on the table and 12 points behind Bayern Munich.

Even though Dortmund have won just one of their last six competitive games, the gaffer believes he has no problem in securing a new contract.

He told WDR Radio: “I expect them to respect the fact that I am an extremely bad negotiating partner during the season.

“I am relaxed. I’m only half way through my contract.”

Tuchel will take his side to Werder Bremen when the Bundesliga season resumes after its mid-season break, before a difficult away game against former club Mainz.

He said: “We want to qualify for the Champions League at least under the top three, and we want to qualify directly.

“We have a lot to do.”

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FA Charge Manchester City Over Anti-Doping Rules

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The Football Association has charged Manchester City for failing to make sure anti-doping officials knew the location of their players for testing.

Football clubs are required to have accurate information on training sessions and whereabouts of players to make sure they’re available for testing.

The club allegedly failed to update said information after a change to training routines.

The FA’s anti-doping handbook suggests City either initially uploaded inaccurate information, or failed to update their records.

“It shall also be a breach of this Regulation 14 by the Club if the information contained in such reports is either initially inaccurate or has not been updated by the Club as necessary to ensure it remains accurate.”

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Maradona : Icardi Should Not Be Part Of Argentina’s Squad

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Argentina legend Diego Maradona does not think Inter Milan captain, Mauro Icardi is worthy to play for Albiceleste and says he should be the seventh choice striker.

Icardi’s national debut came in a world cup qualifier against Uruguay back in 2013 and has not featured since. He has been sublime in the Serie A, scoring 14 goals already this season.

Edgardo Bauza has said he’ll be open to adding the 23-year-old to his setup, but Maradona does not think he should make the cut.

“Let Icardi be the seventh striker, not the fourth. Before calling up Icardi, I’d pick [43-year-old Daniel] Bazan Vera,” Maradona told Radio Rivadavia.

“I really like Lucas Pratto. I would prefer to leave Icardi away from the national team.”

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Roma Rejected Arsenal’s £35 Million Bid For Kostas Manolas

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The agent of Roma defender Kostas Manolas has claimed that Arsenal saw a £35million bid for him turned down in the summer.

“I cannot say where Kostas would like to play but it will be interesting to see which teams will come knocking for him,” Ioannis Evangelopoulos told Sport FM.

“Roma refused an almost €40m offer from Arsenal for Kostas in the summer. The Gunners were really interested but Roma’s demands exceeded what they were willing to pay.”

Reports suggest United are preparing to bid around £47.6million for Manolas, with Jose Mourinho scouring the market for defensive reinforcements in January.

Evangelopoulos went on to give clubs the green light to start a bidding war for Manolas in the next summer transfer window, with Chelsea also believed to be interested.
He added: ‘I think in the summer there probably will be something, if there is something. In general in the world of football as in life, it is difficult to make predictions.

‘Kostas plays well and Roma are sustaining their objectives in Serie A and Europe. Manolas is at a very good age, he’s experienced and has the characteristics we all know.

‘Kostas has the chance to play at a superior level and therefore I’ll say he won’t go to China. Football in Europe has so much more to offer than money, such as fame and recognition.’

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Swansea Hoping To Complete Deals For Tottenham’s Tom Carroll And Norwich’s Martin Olsson

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New Swansea boss Paul Clement is looking to kickstart their survival bid with moves for Tottenham midfielder Tom Carroll and Norwich defender Martin Olsson, according to the Telegraph.

Carroll, 24, has been on the fringes of the Spurs team this season and could be available for £8million, while the paper reports that Swansea have agreed a £5m fee for left-back Olsson

Olsson, the Sweden international, is expected to complete his move to Swansea by the end of the week. His arrival should hasten Neil Taylor’s departure, with Crystal Palace understood to be keen.

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Inter Milan Complete Signing Of Atalanta Midfielder Roberto Gagliardini

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Inter Milan have announced the signing of Roberto Gagliardini on an 18-month loan deal from Atalanta with a view to a permanent move.

The 22-year-old midfielder said: “I’m delighted to be an Inter player – this is a dream come true. I can’t wait to work with Stefano Pioli, meet my team-mates and of course wear this jersey at San Siro, in front of the Inter fans.”

“I hope I can make my contribution to the team reaching the prestigious objectives that this club deserves.”

Gagliardini only made his Serie A debut in May having spent last season on loan at Serie B club Vicenza. He has made a total of 14 appearances in Serie A and appeared 51 times in Italy’s second division.

Inter saw off competition for Juventus for the services of the midfielder, who could make his debut this weekend when Inter face Chievo

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Everton Agree £10.4 Million fee for Standard Liège striker Ishak Belfodil

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Everton are close to agreeing a £10.4million deal for Standard Liege striker Ishak Belfodil, according to the Guardian.

The 24-year-old has netted nine goals in 19 appearances for the Belgian club this season, and could be the latest in a string of deals set to be completed by Ronald Koeman this January.

Everton are doing quite a bit of spending this window, having already brought in forward Ademola Lookman for £10m from Charlton this month.

The club are also set to complete the signing of Manchester United’s Morgan Schneiderlin for £22m, and reportedly had a £15m bid for Franck Kessie turned down by Atalanta on Tuesday.

A former France youth international, he was purchased by Parma for the second time in 2014 but scored just one goal in 23 appearances before terminating his contract when the club was hit by financial difficulties.

Despite signing a two-year contract with Baniyas, Belfodil was offered to several clubs in England and France last summer before eventually joining Standard. He has since become a regular under Aleksandar Jankovic, who replaced Yannick Ferrera as coach in September.

Under contract until 2018, it is understood that Everton’s original offer of £8.5m was rejected last week but an agreement was reached on Tuesday which is expected to see him sign a three-year deal.

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Barcelona CEO Oscar Grau Talks About The Difficulties Of Offering Lionel Messi A New Contract

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Barcelona CEO Oscar Grau admits spending restrictions could impact the club’s ability to offer Lionel Messi a new contract.

Luis Suarez and Neymar have each signed new deals until 2021 but Messi’s contract runs out in 2018, giving Barca a window of 18 months to prevent him leaving the club for free. The Argentina international earns a reported €22m (£19m) per year after tax, while Neymar and Suarez’s salaries are believed to be €25m (£21.6m) after their latest contract renewals.

Grau said any new deal for the Argentine would put considerable pressure on the club’s finances.

“Barcelona has to analyse this situation with a cold head and common sense,” Grau said on Wednesday at the Forum Europa. “Barca can’t exceed 70 per cent of its budget on wages and therefore we have to make the numbers add up.”

Grau said one way for Barca to renew Messi’s contract was to increase revenues.

Their latest sponsorship deal with Japanese retailer Rakuten will earn the club a world-record €55m (£47.6m) per year.

The club could also sell other players in order to create a new contract for Messi, who is the top scorer in La Liga this season with 13 goals.

“One option is to increase our revenues, as our economic strategy forecasts. We want to have the best players around, but perhaps we have to prioritise,” added Grau.

“The club wants the best player in the world to stay at Barca. I would like to ease the concerns of club members and supporters but we have to use common sense.”

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Dimitri Seluk : Yaya Toure Rejected Offers From China

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Yaya Toure’s agent Dimitri Seluk has said the midfielder rejected a bigger offer from China than the one handed to Axel Witsel.

Seluk told Russian media outlet Championat: “I do not fully agree with Witsel, with this kind of money you can give up… More important is the mentality of a footballer. There are people who like money, and those who like football.

“For all the money in China, there is not a single player at the level of Yaya Toure… I am sure he will play at the highest level for another five years.”

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Thomas Muller Not Enjoying ‘Bench’ Role At Bayern Munich

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Thomas Muller has admitted he’s not completely satisfied with life at Bayern Munich right now after being benched for their last game against RB Leipzig.

Wingers Arjen Robben and Douglas Costa flanked hit-man Robert Lewandowski is Anclotti’s preferred 4-3-3 formation.

And when an attacker was summoned from the bench, it was Franck Ribery who got the nod ahead of the German international.

With Portuguese starlet Renato Sanches also vying for a spot in the forward line, Muller has completed 90 minutes just five times since October across all competitions.

“The last game against Leipzig was not optimal for me personally, since I did not play,” Muller told Bild.

“There was more space than in the games before. It was a game I could have enjoyed.

“Of course, I’m not sitting there with a grin on the bench.”

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Football Headlines : All The Latest Football News And Transfer Gossips This Evening

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LONDON EVENING STANDARD

  • Arsenal are under increasing pressure to meet Alexis Sanchez’s wage demands as PSG consider making a formal offer.
  • Roma rejected a £34.7m bid from Arsenal for centre-back Kostas Manolas last summer, his agent has claimed.
  • Tottenham have made an enquiry about Nico Gaitan but Atletico Madrid do not want to sell the left-winger.
  • Roma want Chelsea’s Charly Musonda after missing out on him in the summer.

MANCHESTER EVENING NEWS

  • Jose Mourinho is planning another major summer outlay as part of his Manchester United rebuild, but he has ruled out any incoming business in January.

LIVERPOOL ECHO

  • Liverpool are eyeing a summer move for Bayer Leverkusen winger Julian Brandt.
  • Swansea City have entered the race to sign Liverpool defender Mamadou Sakho.
  • Everton are interested in Algerian striker Ishak Belfodil – and are ready to launch a £10.5m bid.

NEWCASTLE CHRONICLE

  • Newcastle United are set to agree a deal with Bradford City later today to loan out Alex Gilliead to the League One outfit.
  • Sunderland loan star Adnan Januzaj is the subject of interest from Lyon, according to reports in France.

SUNDERLAND ECHO

  • Fenerbahce are looking to keep on-loan Sunderland forward Jeremain Lens at the club long-term.

BIRMINGHAM MAIL

  • Jordan Ayew could be tempted into a big-money move to China this month

EXPRESS AND STAR

  • Craig Gardner is due to undergo a medical at Birmingham as the midfielder edges toward an exit from West Brom.

STOKE SENTINEL

  • Liverpool have revealed they want a cool £20m for former Stoke City loan target Mamadou Sakho.
  • Julien Ngoy has shelved any idea of a loan move this month to fight for be part of Mark Hughes’s regular first team plans.
  • Reports in Ireland suggest that Sunderland and Crystal Palace are going to test Hughes’ resolve about keeping Glenn Whelan.

HULL DAILY MAIL

  • Hull City head coach Marco Silva has confirmed his interest in FC Porto attacking midfielder Evandro.

LEICESTER MERCURY

  • The race to sign Jeff Schlupp is hotting up with reports Crystal Palace, Aston Villa and West Brom are all willing to meet Leicester City’s £12m valuation.

DERBY TELEGRAPH

  • Former Derby County defender Gary Rowett is wanted as the next Nottingham Forest manager, according to reports.
  • Nottingham Forest have told Championship rivals Newcastle United that Ben Osborn is not for sale.
  • However, Forest are resigned to losing captain Henri Lansbury, according to reports.

NOTTINGHAM POST

  • Reported Nottingham Forest target Craig Sibbald has been offered a new contract by Falkirk in a bid to keep him at the Scottish Championship club.
  • Senior scouts from the Premier League’s biggest clubs were at Nottingham Forest’s FA Youth Cup tie at Stoke City with Ben Brereton the player they were most likely there to watch.
  • Jordan Rhodes is ‘frustrated’ at Middlesbrough as he hopes to seal a move away from the Riverside Stadium this month.

LANCASHIRE TELEGRAPH

  • Michael Keane hopes Burnley’s mid-table position in the Premier League will help them recruit new players during January.

THE DAILY ECHO

  • Claude Puel has admitted the distraction of Jose Fonte’s transfer saga has made it harder for Saints to prepare for tonight’s EFL Cup game against Liverpool.

BOURNEMOUTH ECHO

  • Bournemouth have been linked with a surprise loan swoop for Chelsea captain John Terry.

SOUTH WALES EVENING POST

  • Swansea City could be about to make their first signing of the January transfer window as they close in on a deal for PSV winger Luciano Narsingh.

WALES ONLINE

  • Aberdeen have knocked back claims they’ve rejected a Cardiff City bid for Jonny Hayes as the Bluebirds continue to chase the winger.
  • Swansea City are considering a swoop for Leicester City striker Leonardo Ulloa as a potential replacement for Chelsea target Fernando Llorente, according to reports.

EVENING TIMES

  • Brendan Rodgers will not stand in the way of Nir Bitton if he wishes to leave Celtic in the pursuit of game time.

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Renard: To Win 2017 AFCON, Ghana Needs Luck

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Head coach of Morocco Herve Renard believes without luck, Ghana have no chance of winning the 2017 AFCON.

The black stars have made it to every AFCON since 2006 and have made it to the semifinals five times and the final twice in 2010 and 2015.

“Ghana have the qualities to win every tournament but luck always elude them during tournaments. They can win this very championship but they need a bit of luck,” Renard told TV3.

“It is difficult to judge from the outside but Ghana always have big potentials, always with good players.

“Now the team is very different but at every Afcon, there is a chance for Ghana who normally are in the last four. Maybe they have to believe in themselves a bit more and be a bit lucky,” he added.

Ghana are in Group D alongside Egypt, Mali and Uganda, with the tournament kicking off this weekend in Gabon.

Renard guided Zambia and Cote d’Ivoire to clinch the Afcon in 2012 and 2015 respectively, becoming the only coach to achieve that feat.

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Makelele Joins Swansea As Assistant Manager

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Former Chelsea player, Claude Makelele has joined Swansea as assistant manager to new gaffer Paul Clement.

The former France international has worked with Paul Clement as part of Ancelotti’s backroom staff at PSG. He also worked with Clement at Chelsea under Guus Hiddink.

The Welsh club have officially added the Champions League winner to their background staff, adding he will be on the bench come Saturday’s home game against Arsenal.

“Swansea City is pleased to confirm that former French international Claude Makelele has joined the club’s coaching staff,” a statement on the club’s official website read

“The 43-year-old, who has signed a deal until the end of the season, reunites with head coach Paul Clement, who he worked with during his playing stint at Chelsea and as a coach with Paris Saint-Germain.

“The former Real Madrid, Chelsea and PSG midfielder has been named as an assistant coach… Makelele will get his first taste of the Liberty on Saturday when he’s in the dug-out for the Swans’ Premier League fixture with Arsenal.”

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Why Is ‘Cooking Gas’ Costly In Nigeria?

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Why Is ‘Cooking Gas’ Costly In Nigeria? – Ade Ademola [@Damoche]

Why is ‘Cooking Gas’ costly?

The sudden high cost of Liquefied Petroleum Gas (LPG), cooking gas has made the news, compounding what has been a terrible year for many Nigerian’s disposable income. Sadly, there has been no official explanation for the rise. Probably the politicians don’t think it’s worth the stress. It does, because the impact would be monumental on the inflation numbers for December 2016. Energy costs — cooking fuel in this case, typically has a disproportionate impact on inflation numbers. Coupled with the typical Christmas hike and kerosene scarcity, we may be inching towards 20%. But this is not a typical economics discourse. We would like to analyse simply why there is a hike and then suggest options to smother it.

This piece was written by Ade Damola. The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of 360Nobs.com.

Cooking gas is produced from natural gas processing by a process called fractionation and also from refineries through disillation. The earliest sole source of cooking gas in Nigeria for decades was from the 3 refineries. The degradation of the refineries in the late 1990s choked out supplies and the industry/market died off. Who remembers when Nigerians resorted to ‘abacha gas’, a cooking stove powered by sawdust? Remember this was the period Abacha’s petroleum minister also imported that terrible smelling, murderous petrol. Do you by chance also remember that Abacha’s regime massively ordered fuel haulage tankers that have become standard now? It was not the norm. The refineries and depots used to be efficient with few haulage tankers shuttling from there. But then the refineries became sub optimal and ultimately cooking gas became an elitist item — N7000 per 12kg cylinder in 2007.

Now, note that refineries are not the only plants producing cooking gas in Nigeria. There are other sources which include NLNG, Mobil and Chevron plants but all of these infrastructures were patently designed for exports. Since the refineries were down, in 2007, Obasanjo gave NLNG a ‘domestic supply obligation’ which mandated supply to the domestic market. To be fair, it was not the best commercial proposition for NLNG but I guess they were more pliable than the IOCs. Now, it was easy for OBJ to mandate a DSO, what about the infrastructure? It was almost non- existent. All the Butanisation plants that NNPC had were gone. Barely any private storage terminal existed but with the assurance of NLNG’s supply, investors moved in. Vitol built a terminal to complement NNPC/PPMC’s Northern Oil Jetty. Sahara bought over the Calabar LPG terminal but draft issues has not helped its use. Then came the dispensing plants mushrooming around the country, about 400 of them the last time we saw the data.

Now, this is a typical journey for the cooking gas you use. The LPG tanker loads at Bonny Terminal, makes its way to Lagos, discharges into the only two (just 2) storage terminals from where haulage tankers from Port Harcourt, Sokoto, Kaduna will load and supply the dispensing station close to your house. That’s why we are were paying, N3,500/12kg cylinder until the latest hike. While this price is an improvement from the highs of N7000 in 2007, it could even be cheaper if the associated marine and land logistics costs are lower or totally eliminated. Note that sometimes importers also import from the USA especially if the arbitrage plus freight permits it.

Note also that typically oil and gas products are sold in US dollars, so LPG is not exempt. The importer pays for the LPG either to NLNG or the terminal in the US in dollars. Freight costs are usually in US dollars too. The terminals I assume would have dollar components in their chain which means that the depreciation of currency has impacted the landing price of cooking gas. Are cooking gas importers getting ‘Emiefele Dollars’ like petrol importers? I am not sure. If you have any info on that, please let us know. If importers are sourcing for dollars on the black market to import LPG, the lord is their shepherd!

But that does not explain the sudden hike in recent weeks? The reason we can adduce for this is that global hub prices of LPG, which NLNG & Co is indexed to has spiked. Typically in the winter, Butane prices, a component of LPG spikes because of increased demand. Refineries in the temperate regions usually use lots of Butane as additives in their gasoline to improve Reid Vapor Pressure (RVP) which helps engines function better in the winter. In the chart below, you will notice a ~60% spike in butane prices in just 20 weeks. The biggest spike was in December 2016, coinciding with ours when you consider the lag time. Reality is we can’t escape the reality of the weakness of current supply chain.

We would also be careful to mention that the dominance of the LPG storage business by two companies — Vitol and PPMC leaves much to be desired. There have been accusations of collusion in the past. Hard to confirm.

Now what are our suggestions?

· Domestic, onshore LPG production must be accelerated. Certain companies have LPG projects that have stalled over the years. It’s time for the Petroleum Ministry to get interested. Onshore, domestic focused LPG production would eliminate the huge marine costs that continue to impact prices.

· The recently formed National Hydrocarbon Council which consists of representatives from Customs, NNPC must accelerate efforts at addressing marine logistics challenges.

· Impose a manageable domestic supply obligations on producers who are only export focused. Already there is a commercial incentive to supply domestic as international prices have fallen.

· Totally remove subsidy on kerosene.

· Aggressively educate the populace on health, monetary and environmental benefits of LPG.

· Privatise the refineries. Fast.

This piece was written by Ade Damola. The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of 360Nobs.com.

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Bankers As Crooks – Bámidélé Adémólá-Olátéjú

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Bankers As Crooks, By Bámidélé Adémólá-Olátéjú

The “temporary” forfeiture of $153 million looted funds by the former minister of petroleum, Diezani Allison-Madueke to the federal government, once again points to the felonious nature of Nigerian banks and their executives. It is a crying shame that there are no sacred institutions in Nigeria. Actually, there are no institutions. Criminality seems the norm everywhere. Only a few are interested in building an enduring enterprise, company or the nation. Everyone else wants to “hammer”! Everyone wants to steal from the system. The shame that a woman is involved in this monumental heist and crime against the Nigerian state is crippling to those of us who wonder if anyone needs that much money. Especially if the money is not coming from genuine enterprise and honest contribution to humanity.

This piece was written by Bámidélé Adémólá-Olátéjú. The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of 360Nobs.com.

Nigeria’s financial system is not only corrupt in practice, it is corrupt by design. Nigeria banks are notoriously invested in short termism. They offer no real product and services to advance the real sector of the economy. They play and game the system. Their promotions and salaries are designed to incentivise unethical and criminal behaviour and anything else it takes to bring in deposits and generate profits. The banks, like other systems within the country, are a true reflection of the society. A society inflicted with a systemic corrosion of values. A society where the incentive system rewards fraudulent behaviour. Thus, there is no surprise when we get these kind of results because fraudulent behaviour begets social tragedy. The banking halls are vaults of reward for criminal behaviour and in the absence of deterrence and governmental refusal to prosecute, we can only expect more crime.

Diezani Forfeits $153m To Nigerian Govt

The deep-seated cultural and ethical failures involved in the transfer of money from the Nigerian National Petroleum Corporation (NNPC) on behalf of Ms. Diezani Alison-Madueke confirms the lack of respect for law, regulation and the public trust by banks. At every turn, we continue to see bank executives, who have no respect for financial laws and regulations, who are not worthy of public trust, and are culturally and ethically impaired at a very profound level. Unfortunately, the story will remain the same with the reluctant attitude towards the criminal prosecution of bankers and the banks themselves. It is unfortunate that legal safeguards cannot be maintained because the money the banks spend taints the political process from beginning to end. Even the religious houses are not exempt. Not long ago, some bankers did their stealing in the name of God.

All over the world, we have bankers as crooks but it is worse in Nigeria. Our slavish devotion to the worship of money, wealth and consumption drives all the ills in our society. We have rejected the idea that there is any dignity in the lives of ordinary, law-abiding working people. With alarming frequency, many Nigerians show a willingness to break the law to make money.

Where there is money there will be thieves and this is Nigeria where actions do not have consequences. The economy is very informal and people do not have confidence in banks partly because they know their money is not safe. They also know, from the failed banks of Abacha era, to the Cecilia Ibru usurpation and the Akingbola gallivant, that bank executives are fraudulent. Actually, we expect them to cheat the government, their depositors and employees without a care. What we don’t expect is the government letting them get away with it.

Banks are smart spaces. They do a cost/benefit analysis when planning actions that might be financially risky or when they plan to do something that they know to be illegal. That is why much of the Diezani loot were placed off the balance sheet in clever schemes to avoid detection. Banks usually plan ahead to examine the odds of getting caught, and they weigh the penalties against the profit from the transaction if caught. If the projected profit exceeds the penalties, or if the risk of getting caught is low, they make a run for it. The top cadre of banks are filled with legal wizards and finance whiz kids paid to think bad! They spend their time on studying labour loopholes that allows marketers to be forced into prostitution in the name of deposits, beat anti-money laundering procedures and offshoring of accounts, hiding liabilities and cooking the books. Illegal banking has evolved into a behemoth that feeds corruption, drug trafficking and terrorism. They are not used to hard work, creative financial services and long term planning. Flirting with enormous sums of money in illicit transfers, is easy money.

Nigeria cannot continue this way. What action is the Central Bank of Nigeria (CBN) taking on this issue? Will it continue to be business as usual? We should be concerned because inspectors from the Central Bank are routinely bribed and entertained by the banks and they don’t do their jobs. The price of corruption is steeper than we realise. Every act of compromise has a deleterious effect on the country and it multiplies with grave consequences. There has to be a method to doing things right and doing the right things. The banks may have to police their own conduct and believe in economic and social justice. If they must survive and not self-destruct, they have to find a way of bringing values and ethics into their transactions and discussions. Gaming the system remarkably by being greedy, aggressive and out of control cannot serve them well. Their complicity in the Diezani heist is absolutely shameful. The Roman playwright Plautus wrote; Nam ego illum periisse duco, cui quidem periit pudor – I count him lost who is lost to shame. If they face no consequences for their actions, it will happen again.

Bámidélé Adémólá-Olátéjú a farmer, youth advocate and political analyst writes this weekly column, “Bamidele Upfront” for the PREMIUM TIMES. Follow me on Twitter @olufunmilayo

This piece was written by Bámidélé Adémólá-Olátéjú. The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of 360Nobs.com.

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Nigeria’s External Reserves Continue To Increase, Hit $26.5bn

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The latest data from the Central Bank of Nigeria (CBN) on Tuesday indicated that the country’s external reserves have risen to $26.55bn on January 9, from $26.2bn on January 6.

The foreign exchange reserves had hit $26bn on January 3, 2017, up from $25.8bn on December 30, 2017, the CBN statistics added.

How Naira Fared Against 3 Major Currencies At Parallel Market [Jan. 9]

On December 30, 2016, the reserves closed the year with $25.84bn balance.

Naira Crashes To A New Record Low Against Dollar As CBN Prepares To Eliminate Parallel Market

The foreign exchange reserves have been rising in recent weeks following the gradual increase in oil price and production output.

Naira Trades At 494/$ On Christmas Day, From 268/$ On December 25, 2015

Within the space of about six and half weeks, the reserves have appreciated by $2bn. It went up from $24.5bn on November 24, 2016 to $26.5bn on January 9, 2017.

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“Terry Tha Rapman Was Sleeping With Sarah Ofili Behind My Back” – Ikechukwu Reveals

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Rapper Ikechukwu in a recent interview with popular podcast, Loose Talk revealed the reason for his 2012 break-up with then fiancee and model, Sarah Ofili.

According to Ikechukwu, his fiancee was having an affair with fellow rapper, Terry tha Rapman.

When asked what his problem was with Terry tha Rapman, Ikechukwu said “smile in your face, all the time…back stabbers. That’s how I felt”. “I’m like damn, ni**a, you (Terry) was f*cking my shortie and you ain’t tell? Trying to be my hommie?” 

He also revealed that after finding out about their affair, he kept it low and even tried to salvage the relationship.

“but guess what? I still played the bigger man. Once I got that whiff, I was still like, Okay…I ain’t even tell her that I knew the whiff. I see him (Terry) when I’m with her, I’m like. Okay…”

“Is that Terry on the phone? Tell that ni**a I said what’s up…you know what I’m saying?. Oh that’s your sister? Joy? oh Joy what’s up, you’re family…”

“After all, my best friend Chocho be confirming and confiding in me like, and be like yo, everything knows…it’s all good. But at the end of the day, after we went our separate ways, it came out that they (Sarah and Terry) always used to play.”

The Imo-State born rapper explained how it was hard for him to understand how Sarah Ofili would cheat on him after all he did for her

“Personally, I don’t get it…You (Sarah) want the limelight, you claim you wanna build, you wanna grow, and you have all of that, but then you go looking for more, or that same thing somewhere else.”

“Perfect example, you wanted the limelight. You have Killz (Ikechukwu)…(taking) you everywhere like on a mantlepiece, carrying her everywhere like, ‘you must build this profile, you must give this girl name…then you free that and then you went to go fck with Terry. What the fck does he have?”

He didn’t hold back in throwing a couple shots at Terry tha Rapman either

“Did he (Terry) drop an album yet? Cos when I came back to Nigeria, that ni**a was up and coming. He’s still up and coming, right?”

 

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NYSC Reacts To Delay In Payment Of Corps Members’ December 2016 Allowance

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The National Youth Service Corps (NYSC) has reacted with an apology to the delay in the payment of the December 2016 allowance to corps members in some states.

According to a message published on its official facebook page, corps members were urged to be patient as they will soon be paid.

NYSC Portal Now Accessible | 2016 Batch ‘B’ PCMs Can Proceed With Registration | Register Here

The management also added that there are on-going effort in conjunction with the Ministry of Finance and the Office of the Accountant-General to address the cause of delay, even as it assured of positive outcomes soon.

READ ALSO: 2016 Batch B Stream II To Commence Orientation In January 2017 – NYSC

The message reads:

CORPS MEMBERS’ ALLOWANCE FOR DECEMBER 2016

The NYSC Management regrets the delay in payment of December 2016 allowance to Corps members in some states.

Management wishes to inform Corps members that efforts are on-going in conjunction with the Ministry of Finance and the Office of the Accountant-General to address the cause of delay, and we have received assurances of positive outcomes soon.

We thank you for your patience while steps are taken to ensure payment as soon as possible.

Management

CLICK HERE: NYSC Releases Mobilization Timetable For 2016 Batch B | See Dates Here

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BREAKING: Nigerian Senate Confirms Ayine As Auditor-General Of The Federation

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The Nigerian Senate on Wednesday confirmed the nomination of Mr. Ayine Anthony Mkpe as the Auditor-General of the Federation.

In December 2016, Senate President Bukola Saraki had at its plenary session read a letter from President Muhammadu Buhari nominating Ayine for the position.

“The curriculum vitae of A. Ayine is hereby attached. I have accepted this recommendation and hereby present the nomination of Anthony Ayine for confirmation by the senate,” the letter from Buhari read.

During the deliberation of the report to confirm Ayine, Binta Garba, senator representing Yobe north, kicked against it by saying he was on level 14, and needed to be on level 17 to qualify as the auditor-general.

She further argued that Ayine was related to Winifred Oyo-Ita, head of service of the federation, and that this negated the principal of federal character.

In opposition to Garba, Godswill Akpabio, senate minority, stated that the lawmakers were not considering a promotion but a nomination.

“It is not a promotion, it is a nomination by Mr. President. It was advertised and he came out tops,” Akpabio said.

After much and careful deliberations, Ike Ekweremadu, deputy senate president, put it to a voice vote, and Ayine was confirmed.

More details to be added as the story develops…

 

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Tupac Shakur‘s Handwritten Love Letter From Jail Goes Up For Sale

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A hand-written love letter by late African-American rapper Tupac Shakur has been offered for sale at 25,000 Dollars, 20 years after his death.

Tupac Shakur‘s Handwritten Love Letter From Jail Goes Up For Sale

Tupac Shakur‘s Handwritten Love Letter From Jail Goes Up For Sale: TMZ

According to TMZ, Goldin Auctions is presently auctioning off Tupac’s handwritten love letter that was in response to a “passionate letter” a woman sent to him, while he served time at the Clinton Correctional Facilities back in 1995.

The Bible Tupac Shakur Read While In Prison Is Up For Sale

One of the lines from the letter reads: “Ever been tied to a bedpost and licked like a lollipop?” Among a few other eye catching lines.

“Tupac wrote this letter to his paramour in black pen.

“The letter is incredibly explicit, and is a reply to a “passionate letter” received by Pac.”

The letter describes the ‘sexual gymnastics’ that Tupac wishes to perform with his partner, in extremely vivid detail.

It includes an eye that Tupac drew and he mentioned blindfolds, bubble baths, oily massages and “12 positions of lovemaking”.

Tupac’s Handwritten Lyrics Up For Sale

Ken Goldin, the owner of Goldin Auctions is expecting for the letter to go for about $25,000.

Tupac Shakur To Be Inducted Into Rock & Roll Hall Of Fame

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Fuel Depots Shut Down As NUPENG Begins Nationwide Strike

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Fuel depots across the country have stopped activities as a result of the three-day warning strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) which started today.
The strike by the union, is to protest against anti-labour practices in the oil and gas sector.

As a result of the strike, loading of petroleum depots across the nation have been halted.  A union official, however, told reporters that the leaders of the union would hold a meeting with the Federal Government by 1pm today.According to NUPENG President, Mr Achese Igwe, the strike became necessary in order to draw attention to pressing issues in the oil and gas sector, such as casualisation, job security, non implementation of collective agreements and non involvement of the union in the ongoing divestment system by Shell Petroleum Development Company Limited and others.

 

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