French oil major, Total is seeking to sell its 12.5 percent stake in the giant Bonga deepwater oilfield off the coast of Nigeria, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion.
Reuters quoted banking and industry sources as saying that the stake in Oil Mining Lease (OML) 118, which is located some 120 kilometres (75 miles) off the Niger Delta, is valued at up to $750 million.
Investment bank, Rothschild, is said to be running the sale process for the oil major.
Rothschild and a spokeswoman for Total declined to comment.
OML 118 is …
Mr Hyginus Omeje, Lagos State Sector Commander of the Corps, made this known in an interview with the News Agency of Nigeria (NAN) in Lagos on Wednesday.
He spoke on truck-related accidents and the need to regulate movement of trucks in the state.
“Most of these vehicles that we have on our roads, particularly trucks, tankers and trailers are overage.
“They are old and need to be replaced but the economy …
I actually believe that if the qualification marks are not considerably lowered, no Nigerian will qualify for heaven on Judgment Day. Mainly because we lie so much and have collectively chosen to make lying a national culture.
No one really?
Well, may be a few. Just a few.
And these would not be the world-famous pastors or Imams you know. Not the so-called miracle-working MOGs who inundate us with claims of their special status with a fiery God, nor those who persistently persecute you for not being part of their maddening crowd.
Also not one of those few would be …
Nigeria was the main country of origin of the migrants arriving across the Mediterranean to Italy in 2016 and 2017, though their numbers have since dropped.
Many of the arrivals were women and girls lured to Europe with false promises of jobs as hairdressers or seamstresses, only to find themselves selling sex on arrival to repay their debts.
Nigerians now outnumber Chinese or
The federal government is not in a hurry to reopen the country’s shut land borders as it unveiled yesterday the conditions that Nigeria’s neighbouring countries must meet before their pleas are heeded.
The government’s position on the border closure was disclosed yesterday in Abuja by the governor Central Bank of Nigeria (CBN), Mr Godwin Emefiele, after a meeting with President Muhammadu Buhari at the State House.
Some officials of the neighbouring countries have visited Nigeria since the border closure came into effect to plead with the federal government to review it.
But Emefiele insisted that the borders would remain closed …
A company identified as Bricks told its staff “that residents should move around with valid means of identification, and obey all directives by security agents,” as the army was about to launch a nationwide “Operation Positive Identification”
The operation, according to the statement, will start from November 1, 2019, and lasts until December 23, 2019.
The army said the information contained
The United Nations is working assiduously with the federal government towards ensuring that come 2030, every Nigerian is captured and have a legal identity.
This was announced in Abuja recently by the United Nations Children’s Fund (UNICEF) in an official open letter by its Nigeria representative, Peter Hawkins, to every Nigerian child in commemoration of the 30 years of existence of the Convention on the Rights of the Child.
The letter stated that Nigeria has made a lot of progress even though so much more needs to be done towards ensuring that all children have rights that are realised and …
Akongoes full-0n African on Akonda and deliberately tilt the composition of the album towards the Nigerian market and audience by featuring three Nigerian artists – Olamide, Kizz Daniel and Skales.
On the track ‘Bottom’ which sounds more like a song done by Olamide, Akon does not only sing in Nigerian pidgin, he also speaks Yoruba.
“Ki lele yi? Ibadi leleyi. Ikebe leleyi.Eru
…
A Nigerian national resident in Atlanta, Georgia, Olufolajimi Abegunde has been sentenced to 78 months in prison for cyber fraud.
Abegunde, an MBA graduate from Texas A&M University in College Station, Texas, who also ordered to pay $57,911.62 in restitution to the victims of his offense, a statement by the United States Department of Justice said.
Abegunde, 32, and Javier Luis Ramos-Alonso, 29, were both charged in a criminal organisation in which members “spoofed” emails and created fake profiles on dating websites.
The court said Abegeunde played a key role, along with Ramos-Alonso, in laundering fraud funds from an October …
• No room for Governor of the year category
• Female Footballer of the year also dropped
Israel Adesanya, rave of the moment and Nigerian-born New Zealand based Ultimate Fighting Championship (UFC) middleweight titleholder, was unveiled yesterday as one of the nominees for the prestigious 2019 Nigerian Sports Award.
Since the beginning of the year, Adesanya, who hails from Odogbolu in Ogun State, has been the talking point in international sports, flying Nigeria’s flag from one country to another in the money-spinning UFC arena.
Among other victories, Adesanya defeated homeboy, Robert Whittaker by KO to become the middleweight champion at …
In a recent tweet, a man named Othniel Anselm narrated how a drunk driver hit his sister and her friend in a tricycle, popularly known as “Keke”, the Keke driver died immediately, however, his sister and her friend were alive and rushed to the hospital.
“The drunk driver whose birthday was on Sunday, confessed to be drunk after celebrating overnight. He survived the accident. The keke driver died on the spot.”
The two ladies were rejected in the federal hospital they rushed them to because it was not the police who brought them in.
…“Sissy and her friend were still
