No Casualties Recorded As Dana Aircraft Overshoots PH Runway, Lands Inside The Bush

Featured Image

A Dana Aircraft – with registration numbers 9J0363 – flying from Lagos to Port-Harcourt has reportedly overshot runway at the Port-Harcourt International Airport on Tuesday night.

An aircraft is said to have overshot the runway when it moves past a specified point unintentionally, and this can be as a result of too much speed or that the plane is unable to stop.

But this particular incident was suspected to have been caused by a heavy rain, which was accompanied by strong wind and storm in Port Harcourt.

No casualty was recorded, as all passengers on board were safely evacuated from the bush area where it landed.

Confirming the development, the Federal Airports Authority of Nigeria (FAAN) said no one sustained injury in the incident.

“A Dana aircraft numbered 9J0363, flying from Abuja to Port Harcourt airport has overshot the Port Harcourt runway,” Henrietta Yakubu, spokeswoman of the agency, said in a statement.

“The incident was suspected to have been caused by a heavy rain, which was accompanied by strong wind and storm in Port Harcourt.

“No casualty was recorded, as all passengers on board were safely evacuated.”

The airline also confirmed the incident in a statement issued minutes after the incident occurred.

The statement read: “Our flight ​skidded off​ the runway ​at​ the Port Harcourt International Airport, as a result of the ​bad weather situation ​and torrential rain at the time of landing.

“No casualty was recorded and all passengers and crew disembarked safely.

“We commend the Pilot-in -command who was able to control the aircraft to a complete stop, before passengers and crew disembarked. We also wish to applaud the Captain for exhibiting the highest safety standards and handling the situation professionally.”

The post No Casualties Recorded As Dana Aircraft Overshoots PH Runway, Lands Inside The Bush appeared first on 360Nobs.com.

Source: New feed2

MUSIC: Mfon Abigail ft. JustJohn – Yahweh

Featured Image

Mfon Abigail is a writer, a broadcaster and a psalmist with a heart for God and His people. Mfon means Grace, and this has been her identity and story both in her life generally and on the stages, she has been on.

Yahweh is a song inspired by the Holy Spirit, which is her first Rap single featuring JustJohn a simple dynamic rap artist that loves God passionately.


 
Note: There is a file embedded within this post, please visit this post to download the file.

The post MUSIC: Mfon Abigail ft. JustJohn – Yahweh appeared first on 360Nobs.com.

Source: New feed

94 Students Go Missing In Yobe Girls’ School After Boko Haram Attack

Featured Image

No less than ninety four students have been reported to be missing after an attack by suspected Boko haram members on Government Girls Secondary School Dapchi, in Yobe state on Monday.

Boko Haram Jihadists Attack Girls School In Yobe

Daily Trust quoted a source in the school as saying that the number of missing students was realized after an afternoon roll call on the students.

According to the source, “after the roll call, 610 out the total number of 704 students have returned. We are still searching for the remaining 94 students”.

On whether the students were abducted, he said, “We cannot say, because the insurgents went into the students hostel, and many of these students scaled fence to the bushes. Until final list of these students no one can tell if they are abducted or not”.

The source further told the news outlet that some parents have also reported to the school authority that there children had reached their homes safely.

“And, we are calling on parents to help the school update its list by reporting immediately if their children arrived home safely,” the source said.

Also speaking on the incident when contacted, the State Commissioner of Education, who is outside the state on official assigment, said a competent team has been dispatched to the school.

“The team is profiling the students to know those who are missing? And, how many of them were able to return or ran to their families at home”, he said.

The post 94 Students Go Missing In Yobe Girls’ School After Boko Haram Attack appeared first on 360Nobs.com.

Source: New feed2

Why Burna Boy & Mr 2Kay Were Absent At Their Court Hearing Yesterday (READ DETAILS)

Featured Image

Prosecution counsel to the case against reggae dance-hall act, Burna Boy over his alleged involvement in Mr 2kay’s robbery attack at Eko Hotel and Suites last year has revealed the last development concerning the case.

The court hearing which was earlier scheduled for yesterday February 19th 2018 has been adjourned till April 17th, 2018 due to unavailability of both parties in court.

While Burna Boy has been away in the UK promoting his new album, “Outside” and working on other musical projects, Mr 2kay is in South Africa where he performed at the live eviction party of Big Brother Naija reality TV show.

Meanwhile, both parties are expected to appear in court unfailingly on the adjourned date for proper hearing.

The post Why Burna Boy & Mr 2Kay Were Absent At Their Court Hearing Yesterday (READ DETAILS) appeared first on 360Nobs.com.

Source: New feed

“Football Is More Than A Religion In Nigeria,” Says FIFA President During Lagos Visit

Featured Image

FIFA President Gianni Infantino has described Nigeria as a country with unquantifiable passion and love for football, and where football is more than a religion.

“I was told that in Nigeria football is passion, but it is a lie because it is more than that. In Nigeria I was told that football is love, but it is a lie it is more than that.

“In Nigeria, I was told that football is a religion, but it is a lie. It is more than that. In Nigeria, football is life,” he said in Lagos on Monday.

Infantino spoke at the maiden edition of the AITEO-NFF Awards, which was organised by the Nigeria Football Federation (NFF) and bankrolled by oil giants AITEO Group.

The News Agency of Nigeria reports that the event held at the Eko Hotels and Suites saw Chelsea FC winger Victor Moses winning the “Player of the Year” award.

Speaking also at the event, the Lagos State Governor, Akinwunmi Ambode, pledged his administration’s continued support to football and sports in general.

“We will continue to give our unrelenting support to football and sports in general, I want to assure the President of FIFA that whenever he is coming back, Lagos will be considered to host a FIFA tournament,’’ he said.

In his address, the Deputy Managing Director of AITEO Group, Francis Peters, said the oil conglomerate was happy to be part of football history in Nigeria in good times.

NFF president Amaju Pinnick, on his part, said the awards night was to celebrate Nigerian legends for their contributions to the development of football in the country.

He also said football administration was a journey and not a destination, adding “therefore, there must be a conscious effort to minimise errors for fear of losing the opportunity.

 “In Nigeria, football is a way of life and everybody is a coach. So, we need to be very careful. Football teaches us ethics and how to live a normal life,” Pinnick said.

NAN reports that Moses got the award and recognition for his stellar performances for the national team, the Super Eagles, en route their qualification for Russia 2018.

He was an integral part of the side during the historic qualification matches where he played in four of the six matches scoring three goals in the process.

Moses also helped his Chelsea side reclaim the English Premier League title in the 2016/2017 season where he featured in 40 games.

The 27-year old also got CAF’s recognition by being among the nominees for CAF’s Player of the Year award eventually won by Egypt’s Mohamed Salah.

To win the AITEO-NFF award, he beat competition from Leicester City’s Wilfred Ndidi and Lobi Stars’ Anthony Okpotu.

NAN reports that other winners at the awards include Rasheedat Ajibade who claimed the “Player of the Year (Women)’’ award and Ikouwon Udoh who emerged “Young Player of the Year (Women)’’.

Ann Chiejine won the “Coach of the Year (Women)’’ award, while MFM FC’s midfielder Sikiru Olatunbosun took the “Goal of the Year’’ award.

Remo Stars FC won the Fair Play award, while the “Coach of the Year (Men)’’ award went to Kennedy Boboye, coach of 2017/2018 NPFL champions Plateau United FC of Jos.

Channels Television won the “Developmental Award”.

The “All-Time Legendary Awards” went to Chiejine, Christian Chukwu, Uche Okechukwu, Austin Eguavoen, Felix Owolabi, Austin Okocha, Nwankwo Kanu, Segun Odegbami, Adokie Amaesimaka, Mercy Udoh and Thompson Usiyen.

The Platinum Award went to Infantino.

(NAN)

The post “Football Is More Than A Religion In Nigeria,” Says FIFA President During Lagos Visit appeared first on 360Nobs.com.

Source: New feed2

FG To Announce Refinery Investors In March – Kachikwu

Featured Image

The Federal Government will announce the private investors for the country’s refineries in the coming March, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, said on Monday.

The minister made this known while speaking at a session during the ongoing Nigerian International Petroleum Summit (NIPS).

According to him, the government was also considering a policy that would compel multinational oil and gas firms operating in the company to build refineries in Nigeria.

The minister said, by that time, international oil firms would no longer be allowed to ship out all the crude oil they produced in Nigeria.

The minister noted that emphasis would shift to local production of substantial portion of the crude oil produced in the country.

His words:  “We would get to a point where Nigeria, definitely, would be a major supplier of refined petroleum products. It just has to happen. Nothing else makes sense.”

“We are also saying directly to oil companies that a time would also come when we would not be open to see them move around all the crude oil they produce in Nigeria.

“We will like to see integrated refining and integrated processing here. It gives us more jobs and creates more investment.”

The post FG To Announce Refinery Investors In March – Kachikwu appeared first on 360Nobs.com.

Source: New feed2

BBNaija 2017 Winner, Efe Announces Release Date For His EP, “Am Sorry Am Winning””

Featured Image

Nigerian rapper, Efe who had his music breakthrough after he won the Big Brother Naija Season 2 has disclosed the release date for his forthcoming music project, an EP titled “Am Sorry Am Winning”.

The rapper took to his Instagram page to unveil the cover art of the EP with a caption announcing the release date as Sunday 25th February 2018.

See His Post Below;

 

The post BBNaija 2017 Winner, Efe Announces Release Date For His EP, “Am Sorry Am Winning”” appeared first on 360Nobs.com.

Source: New feed

BBC Unveils Igbo And Yoruba Channel Services In Nigeria

Featured Image

The British Broadcasting Corporation (BBC) has launched two new language – Igbo and Yoruba – services on Tuesday for Nigeria and the West and Central Africa region.

A statement issued by the BBC and signed by Marina Forsythe said the new services are part of the largest investment in the BBC World Service since the 1940s and are funded by the UK government.

“The Igbo service is mainly for audiences in eastern and South-eastern Nigeria as well as the large Igbo speaking diaspora.

“The Yoruba service targets South-west Nigeria, Benin and Togo as well as other parts of the diaspora,” the statement said.

It also said the services are fully digital and will include “exciting short format audio, video, graphics and illustrations”.

It also said twice daily, the teams will produce an episode of BBC Minute – keeping people in touch with the world in 60 seconds.

“The editorial agenda will reflect not only balanced impartial news, but also a rich mix of trending topics, sports, entertainment, business, health, education and women.

“There will be original content through our network of reporters on variety of stories and issues that matter to local people and resonate across the region,” it said.

It added that digital content created daily for the website and social media platforms, will cover a broad agenda with a strong focus on audience interactivity.

In total, 12 services are being launched by the BBC in Africa and Asia.

The post BBC Unveils Igbo And Yoruba Channel Services In Nigeria appeared first on 360Nobs.com.

Source: New feed2

Brace Yourselves, The Lagos Theatre Festival 2018 Is Coming! #LTF2018

Featured Image

The 5th edition of the Lagos Theatre Festival is set to take place from February 27th till the 4th of March 2018.

The theme of this year’s festival is Theatre In Unconventional Places with shows taking place in different locations all around Lagos. The festival will feature 98 shows from 47 companies/producers across Lagos Island and Mainland,

For more information about the festival, please visit https://www.britishcouncil.org.ng/programmes/arts/lagos-theatre-festival #LTF2018

For information on curated shows happening at #LTF2018, check here: https://www.britishcouncil.org.ng/programmes/arts/lagos-theatre-festival/lagos-theatre-festival-2018-curated-shows

For fringe shows, visit https://www.britishcouncil.org.ng/programmes/arts/lagos-theatre-festival/lagos-theatre-festival-2018-call-fringe-productions

 

The post Brace Yourselves, The Lagos Theatre Festival 2018 Is Coming! #LTF2018 appeared first on 360Nobs.com.

Source: New feed

Banky W Reveals Plans To Release New Album, ‘The Bank Statement’

Featured Image

Singer Banky W has revealed in a recent interview with Oliseh that he is currently working on an album titled, “The Bank Statement”. The singer made it known that he has commenced recording contents for the album.

While speaking about his new single, “Love You Baby”, Banky W disclosed that he co-directed the video with his film school teacher in the UK.

Meanwhile, Banky has also revealed his plan to take film directing business seriously as he his currently working on a short film which will be released before the end of this year.

Now that “The Bank Statement Album” is currently underway, the singer revealed that he has no plans to quit music but rather explore other options like movies and perform excellently well with them.

The post Banky W Reveals Plans To Release New Album, ‘The Bank Statement’ appeared first on 360Nobs.com.

Source: New feed

Banky W Reveals Plans To Release New Album, ‘The Bank Statement’

Featured Image

Singer Banky W has revealed in a recent interview with Oliseh that he is currently working on an album titled, “The Bank Statement”. The singer made it known that he has commenced recording contents for the album.

While speaking about his new single, “Love You Baby”, Banky W disclosed that he co-directed the video with his film school teacher in the UK.

Meanwhile, Banky has also revealed his plan to take film directing business seriously as he his currently working on a short film which will be released before the end of this year.

Now that “The Bank Statement Album” is currently underway, the singer revealed that he has no plans to quit music but rather explore other options like movies and perform excellently well with them.

The post Banky W Reveals Plans To Release New Album, ‘The Bank Statement’ appeared first on 360Nobs.com.

Source: New feed

Theatre Of Fashion By Fashions Finest Africa In Conjunction With British Council & Lagos Theatre Festival

Featured Image

The Lagos Theatre Festival (LTF) 2018 is set to hold from February 27 till March 4, 2018 in Lagos across various venues with focus on presenting innovative interpretations of new ideas that will inspire and challenge audiences, and new works that will spark conversations and debates.

It has ‘Theatre in Unconventional Spaces,’ as its theme.

Lagos Theatre Festival was conceived and launched in 2013 by the United Kingdom’s cultural organisation, British Council, inspired by the need to provide a platform for theatre makers in Nigeria to produce works for unconventional spaces and develop audiences for theatre productions.

This year, Fashions Finest Africa in conjunction with the British Council & Lagos Theatre Festival will be presenting the ‘Theatre of Fashion’ show taking place during the Lagos Theatre Festival on Sunday 4th March at Ember Creek, Victoria Island, Lagos at 5pm. This particular show is designed to be a blend of fashion, costuming and of course, theatre. This is to enlighten as well as entertain the lovers of the arts, fashion, and promote this integral area of theatre.

The Lagos Theatre Festival is ultimately aimed at creating a platform for the brains behind the captivating, creative outlooks designed through the sheer ingenuity of the costumiers while, behind the scene.

It will feature a Fashion Show and Panel talk on Fashion and Costumes in Theatre

Four amazing costumiers will feature as panelists at the event showcasing their works and speaking about the theatre world.

Isaac Bassey
Lagos Theatre Festival

Ituen Basi
Lagos Theatre Festival

Margaret Henshaw Da Costa
Lagos Theatre Festival

Mojola Yetunde

Lagos Theatre Festival

The post Theatre Of Fashion By Fashions Finest Africa In Conjunction With British Council & Lagos Theatre Festival appeared first on 360Nobs.com.

Source: New feed2

Falz Releases Trailer Of First Ever Concert Movie Experience (WATCH VIDEO)

Featured Image

Following the success of his concert in last year December, Nigerian Rapper Falz has announced the coming of the biggest music concert in Nigeria.

The movie which is carved around the music concert “Falz Experience” has been scheduled to hit cinemas on the 2nd of March 2018. The rapper has released the trailer video for fans anticipation.

Watch trailer below;

The post Falz Releases Trailer Of First Ever Concert Movie Experience (WATCH VIDEO) appeared first on 360Nobs.com.

Source: New feed

BurnaBoy Set For Collaboration With International Producers, Timberland And Skrillex

Featured Image

Nigerian Reggae Dancehall singer, Burna Boy has recorded a new song with international producers, Timbaland and Skrillex.

According to PulseNG reports, the Atlantic Records act, is currently working on a new project with two renowned international music producers. Skrillex produced more tracks on Justin Bieber’s “Purpose Album” which got nominated as ‘Album Of The Year’ at the Grammy Awards.

Timberland on the other hand is a legend in the global music scene with many awards to his name.

Below are viral videos of working relationship between Burna Boy and these International producers;

The post BurnaBoy Set For Collaboration With International Producers, Timberland And Skrillex appeared first on 360Nobs.com.

Source: New feed

OAU Lecturers Break Away From National ASUU

Featured Image

The Obafemi Awolowo University (OAU) chapter of Academic Staff Union of Universities (ASUU) has severed ties with the national body of the union.

It also formed a new association following a prolonged faceoff between the national and local chapter of the union.

The decision to pull out of ASUU national by OAU branch was taken at a congress held on February 12, when it rejected the resolutions of ASUU’s National Executive Council (NEC) meeting on the face-off between it and the parent body over an internal crisis.

It was learnt that the congress decided “to constitute itself into a branch that is totally independent of NEC, adopt appropriate name and open a new branch account for the check-off dues of its members in this regards”.

It was also gathered that the resolution of the congress of the OAU chapter was signed by the chairman of its caretaker committee, Niyi Sunmonu.

“Last year, 732 of the 1,371 academic staff of Obafemi Awolowo University wrote to the university management to stop payment of their check off dues to the national body to express our displeasure against the way the national body handles the OAU branch’s crisis. There are several reasons for pulling out which include the alleged unilateral removal of the elected treasurer by ASUU national president and also the alleged transfer of N11 million from OAU branch account to ASUU national account,” he said.

Also, the decision of ASUU’s NEC to accept the suspended and contentious result of the vice chancellor selection and the rejection of the caretaker committee to run the affairs of the union, after the presiding officers had abandoned the congress midway on Thursday, October 20, 2016, which he conveyed, was another reason they pulled out.

The post OAU Lecturers Break Away From National ASUU appeared first on 360Nobs.com.

Source: New feed2

Brazilian Football Match Abandoned After Players Received 10 Red Cards (VIDEO)

Featured Image

A hot-tempered Brazilian football match between Vitoria and Bahia was abandoned after 10 players were sent off after the match descended into chaos and an on-pitch brawl.

It was gathered that a total of 10 players – five from each side – received their marching orders in the second half after the first 45 minutes saw hosts Vitoria go 1-0 up through Denilson’s goal in the Bahia State Championship (Campeonato Baiano) game on Sunday, February 18, 2018.

Tempers became frayed when Bahia’s Vinicius netted an equalizer for the visitors from the penalty spot on 50 minutes.

It was also learnt that after leveling the score, the striker wheeled away to celebrate behind the goal, where he suggestively thrust his hips towards the crowd.

The striker’s celebration did not go down well with the opposition players, who rushed to confront him, thus, sparking a mass brawl.

Both sets of players piled in, punches were thrown, and – after a delay of 16 minutes to restore order – the referee sent off eight players.

Play did eventually restart, but when Vitoria had a further two players sent off, reducing the match to a six-a-side format, the referee was forced to abandon the fixture, with Bahia likely to be awarded a 3-0 forfeit victory.

The post Brazilian Football Match Abandoned After Players Received 10 Red Cards (VIDEO) appeared first on 360Nobs.com.

Source: New feed

Brazilian Football Match Abandoned After Players Received 10 Red Cards (VIDEO)

Featured Image

A hot-tempered Brazilian football match between Vitoria and Bahia was abandoned after 10 players were sent off after the match descended into chaos and an on-pitch brawl.

It was gathered that a total of 10 players – five from each side – received their marching orders in the second half after the first 45 minutes saw hosts Vitoria go 1-0 up through Denilson’s goal in the Bahia State Championship (Campeonato Baiano) game on Sunday, February 18, 2018.

Tempers became frayed when Bahia’s Vinicius netted an equalizer for the visitors from the penalty spot on 50 minutes.

It was also learnt that after leveling the score, the striker wheeled away to celebrate behind the goal, where he suggestively thrust his hips towards the crowd.

The striker’s celebration did not go down well with the opposition players, who rushed to confront him, thus, sparking a mass brawl.

Both sets of players piled in, punches were thrown, and – after a delay of 16 minutes to restore order – the referee sent off eight players.

Play did eventually restart, but when Vitoria had a further two players sent off, reducing the match to a six-a-side format, the referee was forced to abandon the fixture, with Bahia likely to be awarded a 3-0 forfeit victory.

The post Brazilian Football Match Abandoned After Players Received 10 Red Cards (VIDEO) appeared first on 360Nobs.com.

Source: New feed

Access Bank, 5 Other Banks Meet CBN’s Dividend Payout Rule

Featured Image

A circular of the Central Bank of Nigeria (CBN) on dividend payout by commercial banks and discount houses has been analysed based on the performances and balance sheet positions of all lenders.

According to a report released on Monday, February 19, by Afrinvest West Africa, an investment and research firm, only six banks have met the apex bank’s minimum requirement for Capital Adequacy Ration (CAR) and Non-Performing Loans.

ALSO READ: CBN Prohibits Nigerian Banks With Huge Bad Loans From Paying Dividends

They are: Access Bank, Zenith Bank, Guaranty Trust Bank (GTB), First City Monument Bank (FCMB), Wema Bank and United Bank for Africa (UBA). 

Hence these banks are excluded from the restrictions on dividend payment.

The Nation reports that the firm stressed that many lenders will not be able to pay dividends based on their capital reserves as well as the proportion of Non-Performing Loans (NPLs) in a bid to forestall any threats to customer deposits in the system.

On the criteria that require lenders to meet the minimum CAR before dividend payout, the research firm said all the banks under its coverage, save for Unity and Union, met the minimum requirement stipulated by the CBN.

“For Unity, the current CAR (as at nine month 2017) is unavailable while Union Bank had a CAR of 13.3 per cent (below CBN requirement of 15 per cent in first half of 2017). We envisage Union’s CAR will improve by fiscal year 2017, adjusting for the capital raise of N50 billion via rights issue in 2017,” it said.

On another requirement that banks and discount houses that have a Composite Risk Rating (CRR) of “High” or a Non-Performing Loan (NPL) ratio of above 10 per cent shall not be allowed to pay dividend, the report said only FBN Holdings has a non-performing loan ratio above 10 per cent which should disqualify the entity from paying dividend.

“However, given the Holding company structure operated by FBN Holdings, analysts believe dividend can be paid from earnings of subsidiaries, other than the bank,” it said.

It is understood that Diamond Bank, Fidelity Bank, Stanbic IBTC, Sterling and Union Bank are restricted to a maximum of 30% maximum payout ratio, with respective NPL ratio above five per cent but below 10%.

The post Access Bank, 5 Other Banks Meet CBN’s Dividend Payout Rule appeared first on 360Nobs.com.

Source: New feed2

Access Bank, 5 Other Banks Meet CBN’s Dividend Payout Rule

Featured Image

A circular of the Central Bank of Nigeria (CBN) on dividend payout by commercial banks and discount houses has been analysed based on the performances and balance sheet positions of all lenders.

According to a report released on Monday, February 19, by Afrinvest West Africa, an investment and research firm, only six banks have met the apex bank’s minimum requirement for Capital Adequacy Ration (CAR) and Non-Performing Loans.

ALSO READ: CBN Prohibits Nigerian Banks With Huge Bad Loans From Paying Dividends

They are: Access Bank, Zenith Bank, Guaranty Trust Bank (GTB), First City Monument Bank (FCMB), Wema Bank and United Bank for Africa (UBA). 

Hence these banks are excluded from the restrictions on dividend payment.

The Nation reports that the firm stressed that many lenders will not be able to pay dividends based on their capital reserves as well as the proportion of Non-Performing Loans (NPLs) in a bid to forestall any threats to customer deposits in the system.

On the criteria that require lenders to meet the minimum CAR before dividend payout, the research firm said all the banks under its coverage, save for Unity and Union, met the minimum requirement stipulated by the CBN.

“For Unity, the current CAR (as at nine month 2017) is unavailable while Union Bank had a CAR of 13.3 per cent (below CBN requirement of 15 per cent in first half of 2017). We envisage Union’s CAR will improve by fiscal year 2017, adjusting for the capital raise of N50 billion via rights issue in 2017,” it said.

On another requirement that banks and discount houses that have a Composite Risk Rating (CRR) of “High” or a Non-Performing Loan (NPL) ratio of above 10 per cent shall not be allowed to pay dividend, the report said only FBN Holdings has a non-performing loan ratio above 10 per cent which should disqualify the entity from paying dividend.

“However, given the Holding company structure operated by FBN Holdings, analysts believe dividend can be paid from earnings of subsidiaries, other than the bank,” it said.

It is understood that Diamond Bank, Fidelity Bank, Stanbic IBTC, Sterling and Union Bank are restricted to a maximum of 30% maximum payout ratio, with respective NPL ratio above five per cent but below 10%.

The post Access Bank, 5 Other Banks Meet CBN’s Dividend Payout Rule appeared first on 360Nobs.com.

Source: New feed2

Nigeria’s Crude Oil Production Falls In January

Featured Image

Nigeria’s crude oil production fell by 8,100 barrels per day (bpd) from 1.828 mbpd it recorded in December, to 1.819mbpd in January 2018.

The decrease may not be unconnected with the various line breaches caused by vandals in the later part of 2017, which led to the shut-in of production in many fields.

Nigerian Guardian reports that the development also had impact on the total Organisation of the Petroleum Exporting Countries (OPEC’s) oil production, which averaged 32.30 mbpd in January, representing a minor decrease of 8,000 tbpd over the previous month.

According to OPEC in its latest oil market report, while production mainly decreased in Venezuela, and Angola, partially offset by Iraq, Saudi Arabia, and Libya, Nigeria has continued to experience pipeline disruption, impacting negatively on its production volumes.

For example, the Nigerian National Petroleum Corporation (NNPC) disclosed that a total 90 pipeline points were vandalised, 41 points failed to be welded, and another six were either ruptured or clamped in November 2017.

The NNPC also said that 136 pipeline points were destroyed in the month under review while Port Harcourt Calabar-Aba and Aba-Enugu pipeline segment accounted for almost 67 per cent of the affected points.

It stated: “About 195,000bopd remained shut-in for the entire month of October 2017, due to slow recoveries from some wells and repairs on the 42- inch export line and fuel gas line.

“A plant trip a result of gas detected caused a drop in production for a day at Akpo Terminal. The production shut-in was 22,000 barrels. Production also dropped for eight days due to shut-in of some wells as a result of request from NLNG for Akpo to cut off gas export due to operational issues. The production shut-in was 61,000bpd. Another 83,000 barrels of production was also shut-in for a day due to intervention and preventive maintenance activities.“The Trans Forcados Pipeline was shut down for eight days due to leaks in the Oteghele and Yeye axis with the loss of approximately 200,000bopd of production.”

Meanwhile, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has assured that the Federal government is targeting an increase to 3mbpd.

He said: “Investment is needed to maintain essential work, just to get fields online and cap them will require an average of about $10 billion per year in investments over the next three to four years.”

The post Nigeria’s Crude Oil Production Falls In January appeared first on 360Nobs.com.

Source: New feed2

Court Frees Woman Accused Of Murdering Her Boyfriend

Featured Image

A High Court sitting in Maitama, Abuja on Monday discharged and acquitted a 26-year -old woman Sarah Ogah, charged with murdering her boyfriend, Friday Shehu.

NAN reports that the prosecution had on April 12, 2013, arraigned Sarah, on one count of charge of culpable homicide.

But while delivering his judgment, the presiding judge, Justice Peter Affen, discharged Ogah for lack of diligent prosecution.

The judge held that the prosecution failed to prove his case beyond reasonable doubts, saying that the two prosecution witnesses were not present at the scene of the alleged crime.

The judge said their evidence as to how the deceased met his death or what directly caused it was controvertible and not admissible under section 126 (a) of the Evidence Act, 2011 to prove the cause of the death of the deceased.

He held that the only direct evidence as to what caused the death of the deceased was the evidence of defendant herself.

Okeke held that the defendant’s evidence was the only eyewitness account of what transpired between the two parties.

He added that the prosecution did not lead any evidence to successfully contradict this, saying that his attempt to do so, was resisted by the defendant who was resolute in her answers.

The defendant consistently held that her late boyfriend “was armed and wanted to harm her and she took off the kitchen knife to scare him away”.

The judge held that by the foregoing available evidence in respect of what caused the fight and how it took place, ”it is evident that the refusal by a lady to marry a man or park one’s belongings should be a cause fight.

“The deceased holding a cutlass and screwdriver with a threat to kill her and approaching her in their room so armed. It is reasonable that the defendant had an apprehension of peril or danger to her life or great bodily harm. In the circumstance, given that the incidence occurred in their room with no one present, she cannot be said to have a reasonable mode of escape. By the reasons of the foregoing findings, the defendant had been able to make out a case for self-defense, with no evidence by the prosecution to contradict this.’’

Okeke held that as a result, “the defendant cannot be found to be guilty of culpable homicide as charged. In the circumstance, the defendant is discharged and acquitted,” he held.

The post Court Frees Woman Accused Of Murdering Her Boyfriend appeared first on 360Nobs.com.

Source: New feed2

Court Frees Woman Accused Of Murdering Her Boyfriend

Featured Image

A High Court sitting in Maitama, Abuja on Monday discharged and acquitted a 26-year -old woman Sarah Ogah, charged with murdering her boyfriend, Friday Shehu.

NAN reports that the prosecution had on April 12, 2013, arraigned Sarah, on one count of charge of culpable homicide.

But while delivering his judgment, the presiding judge, Justice Peter Affen, discharged Ogah for lack of diligent prosecution.

The judge held that the prosecution failed to prove his case beyond reasonable doubts, saying that the two prosecution witnesses were not present at the scene of the alleged crime.

The judge said their evidence as to how the deceased met his death or what directly caused it was controvertible and not admissible under section 126 (a) of the Evidence Act, 2011 to prove the cause of the death of the deceased.

He held that the only direct evidence as to what caused the death of the deceased was the evidence of defendant herself.

Okeke held that the defendant’s evidence was the only eyewitness account of what transpired between the two parties.

He added that the prosecution did not lead any evidence to successfully contradict this, saying that his attempt to do so, was resisted by the defendant who was resolute in her answers.

The defendant consistently held that her late boyfriend “was armed and wanted to harm her and she took off the kitchen knife to scare him away”.

The judge held that by the foregoing available evidence in respect of what caused the fight and how it took place, ”it is evident that the refusal by a lady to marry a man or park one’s belongings should be a cause fight.

“The deceased holding a cutlass and screwdriver with a threat to kill her and approaching her in their room so armed. It is reasonable that the defendant had an apprehension of peril or danger to her life or great bodily harm. In the circumstance, given that the incidence occurred in their room with no one present, she cannot be said to have a reasonable mode of escape. By the reasons of the foregoing findings, the defendant had been able to make out a case for self-defense, with no evidence by the prosecution to contradict this.’’

Okeke held that as a result, “the defendant cannot be found to be guilty of culpable homicide as charged. In the circumstance, the defendant is discharged and acquitted,” he held.

The post Court Frees Woman Accused Of Murdering Her Boyfriend appeared first on 360Nobs.com.

Source: New feed2

Naira Reacts As CBN Injects $210m Into FOREX Market

Featured Image

The Central Bank of Nigeria (CBN) on Monday, February 19, injected $210 million into the foreign exchange market even as the Naira appreciated by 8 kobo to N360.28 per dollar in the Investors’ and Exporters’ (I&E) window.

Good News! UK Export Agency Agrees To Accept Nigeria’s Naira For Trade Payments

Confirming the development, the Acting Director, Corporate Communications Department (CCD), CBN, Mr. Isaac Okorafor said:

“The CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the sum of $55 million. 

“According to figures obtained from the Bank on Monday, February 19 2018.  Customers in need of foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.”

“Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to N360.28 per dollar, yesterday, from N360.36 per dollar recorded last week Friday, indicating an 8 kobo appreciation of the naira.”

 Meanwhile, the volume of dollars traded in the I&E window yesterday stood at $181.01 million; even as naira  remained stable at  N363 per dollar yesterday, in the parallel market.

The post Naira Reacts As CBN Injects $210m Into FOREX Market appeared first on 360Nobs.com.

Source: New feed2