September 2, 2019

NNPC reports $226m oil revenue drop in June

September 2, 2019 10:15 am

Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown.

NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value of oil and gas production in Nigeria was $547.61 million. This, however, dropped to $321.23 million in June.

The full content of the report was posted on the NNPC webpage.

It said within the month under review, its under-recovery – a term it uses in place …

Unfathomable Mercy: A full length TV drama series 43

September 2, 2019 9:57 am

By MarkAnthony Nze

118. INT.CHURCH. DAY

After CHURCH SERVICE, PASTOR DAVID sits in his OFFICE counseling PRISCA.

PASTOR DAVID

Sister Prisca, I’m highly impressed with you for being stead fast in the things of the Lord

PRISCA

Thank you sir. Since I don’t have material possession for now to honour God with so I can only give him service, right from the bottom of my heart.

PASTOR DAVID

And I tell you, that’s what the Lord is interested in. heartfelt service and worship, that’s all he wants from us. He has everything so what can we possibly give him that …

Fashola alerts public to fake Facebook account in his name

September 2, 2019 5:53 am

Works and Housing minister Babatunde Fashola has alerted members of the public to a fake Facebook account opened in his name and warned people against falling prey to the antics of the scammers behind it.

Fashola, in a statement by Mr Hakeen Bello, his Special Adviser on Communications, said that the fake account, which had his name and picture, was opened by dupes and scammers.

The statement was made available to the News Agency of Nigeria (NAN), on Sunday in Abuja.

“The minister has, on several occasions in the …

How Nigeria lost $9.6b gas contract award suit in UK

How Nigeria lost $9.6 billion gas contract award suit in UK

September 2, 2019 5:36 am

The Irish gas firm involved in the $9.6 billion asset controversy with Nigeria at the weekend blamed President Muhammadu Buhari’s government for the nation’s precarious situation in the matter.

According to P&ID, the current administration failed to take a conciliatory stance and was negligent in the processes leading to the confirmation of the award by the English Court.

A court in the United Kingdom had, two weeks ago, affirmed the right of P&ID to seize at least $9.6 billion (about N2.9 trillion in the official exchange rate of N305/$) of Nigeria’s assets as arbitration award because the country failed to …