The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
Edo State chapter of the All Progressives Congress (APC) and the Deputy Governor of the state, Rt. Hon Philip Shaibu has engaged in a war of words over a pre-election matter in the court as Shiabu alleged that the former National Chairman of the APC, Comrade Adams Oshiomhole had recently said that the Supreme Court would give his party victory like the case of Imo state. But in a statement yesterday by the State Publicity Secretary of the APC, Chris Azebanmwan, the allegation which he described as weighty was false and that Shaibu was engaging in a smear campaign against Oshiomhole. He said, “The statement which he credited to Comrade Adams Oshiomhole is a blatant falsehood as no such words emanated from the elder statesman. It is a smear campaign that is aimed at tarnishing the pristine i...
Popular Nigerian singer Lotanna Udueze, more popularly known as BigLo, has passed on. According to close friends, the singer who was down with a kidney ailment died on Christmas day. Biglo’s kidney ailment was diagnosed in 2018 and last year, he began undergoing dialysis at a nursing home in California, U.S three times a week. He also tried raising funds for treatment. His UK based cousin, Zuby Udezue tried to raise £50,000; about N23 million at that time. Biglo who was popular especially in the early 2000s with fellow musicians, 2shotz and StylPlus, shot into limelight with the hit ‘Delicious’ which featured 2shotz. Although the track earned him a HipHop World Award for Best Rap Collabo, the chubby rapper however, went underground after the buzz died down. Some of his colleagues have take...
General Overseer of Holy Ghost Royal House of Restoration, the Supreme Archbishop Emmanuel Ojo, on Sunday in Ibadan urged Nigerian youths not to turn themselves into agents of destruction. He also admonished youths to be peaceful while making demands of government and to also embark on job creation rather than seeking government’s jobs. The cleric gave the advice at a press conference on the Church’s Royal Festival of Praise coming up on Jan. 23, 2021. He said Nigerian youths who are the future of the country must not destroy the country for their unborn generation. Ojo, who said he was not always happy seeing youths without future plans, added that “now that Year 2020 is over youths must change their characters and focus on right thoughts.’’ He also called on governments to continue to do...
YouTube The Managing Director and Chief Executive Officer of National Inland Water Ways (NIWA), Chief George Moghalu has told the Igbo to widen their horizon to convince other ethnic nationalities, if a Nigerian president of Igbo extraction must be realized. The All Progressives Congress (APC) governorship aspirant for Anambra 2021 election, Chief Moghalu said this during an interactive session with journalists in Nnewi on Saturday. He noted that the Igbo known for work hard should apply same and traverse the width and breadth of Nigeria to garner support for the 2023 presidency project and not to sit down at one place nursing self-pity. He declared that power could only be taken, not given. “Since it’s a democratic dispensation where number matters, there is need for Ndigbo to sit down an...
Nigerian Youth Union (NYU) has successfully intervened in the crisis that followed the National Delegates’ Conference of the National Association of Nigerian Students (NANS) which led to the emergence of Sunday Asefon as NANS President. NYU hosted the two factions in NANS Zone B, Jeremiah Friday Ohomah of Federal University of Petroleum Resource Effurun and Friday Offongekpe Etinyene of the University of Uyo, at the NYU National Secretariat Abuja, to possibly resolve the issues that might have arisen from the election. NYU President, Comrade Chinonso Obasi, in a statement released in Abuja, on Thursday, confirmed that the meeting was successful as aggrieved parties agreed to suggestions that would herald peace and unity in NANS. Obasi reiterated that one of the core mandates of the NYU is ...
Herald The Ken Nnamani groups in the diaspora have nominated former Senate President, Ken Nnamani, as the most desirable candidate from South East to run for 2023 Nigerian President. The coalition said that Nnamani was most qualified because of his antecedent and experience of leadership in national administration. The groups cited Nnamani’s role in the country’s critical era of alleged third term agenda of former President Olusegun Obasanjo and how he scuttled it, as a test case of his strong and unwavering character to preside over the country’s affairs. The groups’ Chairman, Lawrence Odoemelam, in a statement said that with the Igbos clamouring for a Nigerian President from the southeast, Nnamani fits into the cap for different reasons. He said that Nnamani ensured the stabilization of ...