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Properties / Re: I Built My Own House After Following Some Of Nairalanders' Advice by byna: 9:47pm On Jun 22, 2016
Completed mine last month. Approx 120days from foundation to move in. Thank God for his blessings

14 Likes 3 Shares

Business / Re: (photos)chicken Republic Charged Me Consumption Tax 5% by byna: 10:00pm On May 23, 2016
I tire joor

1 Like

Business / (photos)chicken Republic Charged Me Consumption Tax 5% by byna: 7:35pm On May 23, 2016
My Dears has anyone noticed the consumption Tax 5% alongside VAT 5% charged by Chicken Republic??

1 Like

Business / Re: Economy Finally In Recession! by byna: 11:12am On May 23, 2016
Recession kee? Lets brace up for harder times ahead!!

1 Like 1 Share

Politics / Militants Blow Up Chevron Oil Facility, Vows More Attacks by byna: 2:17pm On May 06, 2016
Militants in the Niger Delta yesterday blew up the Chevron Valve Platform located on the high sea near Escravos in Warri, Delta State in a renewed attack on oil installations in the country.

The attack is another setback to the nation's oil and gas production sector, even as the Shell Petroleum Development Company (SPDC) is still working to restore the Forcados export terminals after a similar attack two months ago.

Nigerian Navy spokesperson, Chris Ezekobe, who confirmed the incident yesterday, said the attack occurred about 40 nautical miles from the Escravos terminal, around the city of Warri.

Ezekobe said he was yet to know which militant group was responsible and there were no immediate details of any casualties.

The development may further reduce the nation's oil and gas output. But Chevron is yet to confirm if production has been halted at Escravos and how much of the process is affected.

A source at Chevron who confirmed the attack said that the company is working on a public statement, which was not ready as at press time.

It was learnt that the facility was completely destroyed with the use of a dynamite.

The Niger Delta Avengers (NDA), a new militant group, has claimed responsibility for the attack, warning that the deployment of soldiers in the region would not deter them from carrying out further attacks.

NDA threatened not to relent until it cripples the nation's economy

A statement by the group's spokesman, Madoch Agbinibo, noted: "The high command of the Niger Delta Avengers wants to use this medium to thank Strike Team 6 for successfully blowing up the Chevron Valve Platform. And we are ready to protect the Niger Delta people.

"This is what we promised the Nigerian government. Since they refused to listen to us we are going to zero the economy of the country.

"As for zeroing the Nigerian economy, the Niger Delta Avengers is done with the Niger Delta major oil installations. Now, we are taking the fight out of the creeks of the Niger Delta. We are taking it to Abuja and Lagos now," he said.

Agbinibo continued: "We want to pass this message to the all international oil companies operating in the Niger Delta that the Nigeria military cannot protect their facilities. They should talk to the Federal Government to meet our demands else more mishap will befall their installations."

The group had earlier claimed responsibility for the attack on the Forcados 48-inch Export Pipeline two months ago.

An attack was launched early this year on Escravos Lagos Pipeline System (ELPS) connected to Chevron Nigeria Limited's gas network at Escravos. This negatively impacted gas supply to some critical power projects.

The Federal Ministry of Power said the attack cut off the supply of 160 million metres standard cubic feet per day (MMSCD) of gas to operators of electricity generation facilities and a cut in power supply from the affected power plants.

Meanwhile, indigenous companies operating within the Nigerian petroleum economy yesterday raised the alarm over the uncertainty surrounding the international crude oil prices which has led to the deferment of investment plans or outright cancellation of capital projects.

Their fear was based on the fact that the local content capabilities that have been built in the industry over the years may be in danger of being eroded if the companies do not survive the downturn.

This is further compounded by the expectations of the International Monetary Fund (IMF) which has projected that growth in Nigeria and other oil-exporting countries would decline to 2.2 per cent this year.

Operators stressed the need to reduce cost of operations and projects through local capacity development, indigenous working assets acquisitions, developing local expertise, low maintenance and reduction of operational costs of existing assets.

According to the operators at the content workshop with the theme "Local Content Implementation in the Nigerian Oil and Gas Industry: A Cost Reduction Strategy," organised by the Petroleum Technology Association of Nigeria (PETAN), there should be cost-effective implementation of projects and utilisation of local resources to reduce overall cost.
They said there should be a policy direction to focus on sustainability of Nigerian local capacity to survive the declining crude oil prices.

At the event, Chairman of PETAN, Mazi Bank-Anthony Okoroafor, stressed the need for the industry to be placed on existing in-country capacity instead of patronage, adding that Nigeria should actively pursue reserves and production growth, which he said, has been on the decline.

Okoroafor stressed leveraging proven Nigerian companies and in-country capacity building, adding that proper implementation of the Nigerian oil and gas industry content development would significantly drive down the cost of doing business in the industry and cushion the effects of the low prices.

He stated: "The industry has operated under the Local Content Act regime for six years now and there is the need to take a closer look at the implementation strategy to ensure it is delivering the desired value to various industry stakeholders in particular and the Nigerian populace in general. Proper implementation of local content will lead to massive economic transformation of our great nation."

Chairman, PETAN Conference Committee, Ranti Omole, stated that based on the belief of indigenous companies, the association is partnering to reduce cost of operations and projects in Nigeria through increased local patronage.

He said: "The industry has been undergoing challenges and facing turbulent period for the past two years due to low prices of crude oil and low demand. This has resulted in severe adverse consequences in the industry as well as on the economy of many oil-producing nations including our country.

"This has led major players in the industry to rationalise their operations, seek efficiencies and cost-saving measures to ensure profitability and survival of their businesses."

Acting Executive Secretary, Nigerian Content Development and Monitoring Board, Daziba Obah, said with the right support and environment, indigenous companies were best positioned to provide services at lower cost without compromising standards.

Obah added that there was an opportunity to leverage the low value of the naira to source services, technology and solutions locally at much cheaper cost.

He noted that there would be much more cost-savings if operators develop increased project management capabilities, stressing: "Operators will save costs by optimising existing facilities and improving maintenance efficiencies."

Dwelling on the role of the Federal Government to help save indigenous companies from the pangs of crude oil prices, former Chairman of PETAN, Emeka Ene, said that there was the need to develop the steel sector for local production of steel billets, coils and plate.

Ene added that government should accelerate gas infrastructure along gas corridors to ease the availability of gas in oil and gas parks, oil and gas free zones and other manufacturing locations supporting oil and gas activities.

"There is the need to engage relevant agencies in foster cordial and seamless working relationship with respect to expatriate quota and issuance of work permit.

"There should also be a periodic industry-wide capacity audit of local companies to establish current capacities and embark on gap closure interventions. Research and development clusters should be encouraged to promote the development of home-grown technology," he said.

According to the IMF's April 2016 regional outlook report, economic activities in sub-Saharan Africa have weakened markedly, with growth for the region as a whole, falling 3.5 percent in 2015, the lowest in 15 years.

Specifically, the IMF expects the economy to slow further in Angola, given, among other factors, limited foreign exchange supply and lower levels of public spending, and in Nigeria as the adverse impact of lower oil prices is compounded by disruptions to private sector activities through exchange rate restrictions.

The report stated: "In view of these trends, governments should consider a set of policy options tailoring the urgency of adjustment to the extent of domestic vulnerabilities.

"Commodity prices have fallen sharply and, for energy prices, at an unprecedented pace. Oil and other commodity exporters are adjusting, but given the extent of the shock they are facing, policies are currently 'behind the curve.' "

http://allafrica.com/stories/201605060028.html
Religion / Re: 'Chris Okafor Raises Dead Baby Back To Life' (Photos) by byna: 5:25pm On Feb 08, 2016
Booyakasha:
Publicity stunt again... It's only in Nigeria you hear such lies, you know why? it's because nigerian's are easily carried away, even more than the missionaries that brought that religion to this country.. I'm a Christian but i hate how the church is now turning to a business centre.. why do we need to know? so we can come to his church of raising dead people... darkness, he is darkness, we need light not lies... *cough* end *cough* time is here already...

Okay, here's my little investigation: grin

The baby died, shouldn't they bury the baby?
Judging from the story, this happened on sunday if i guessed right?
Why did the parents not take the dead baby to the hospital?
Judging from the pictures, that baby doesn't even look dead
Who asked them(the parents) to take the baby to the resurrector?
Did the pastor advertise his resurrection skills before?
Okay, why did he start resurrecting babies now? why not since?
Who asked them to take the baby to the resurrector?
Who asked them to take the baby to the resurrector
Who asked them to take the baby to the resurrector?
Who asked them to take the baby to the resurrector? sad
Okay the pastor did?
Busted!!! we Nigerians are no longer gullible.. anti christ!!

The kain thunder wey go fire you , dey do press up. " The spirit which raised Christ from the dead will quicken your mortal bodies".. Read ur Bible
Politics / Re: Picture Of Governor Wike Holding A Bell by byna: 9:06pm On Jan 27, 2016
Hh
Politics / Re: 2016 Budget:Buhari To Spend N322M For Linking Of Cable To Driver’s Rest Room(pic by byna: 6:12pm On Jan 21, 2016
Jisos!!
Politics / Re: Finally! Alison-madueke Honours London Police Invitation. by byna: 6:06pm On Jan 21, 2016
Kk
Education / Re: A Plea For Help...NDDC has left us hopeless in the UK by byna: 5:37pm On Jan 21, 2016
If you have legal documents to prove that the promised to pay your feeding and upkeep, Pls drag them to court there. I'm sure you will get accelerated hearing for your inconveniences and plight. I have said it before. Crude oil prices has fallen, a whole shell is relieving 10,000 workers this year. It's better for government to diversify the economy fast to agriculture. If Buhari cannot cope, he should divide the country peacefully.. shekina

1 Like 1 Share

Politics / Re: Foreign Suppliers Blacklist Nigeria From Fuel Imports by byna: 9:39am On Jan 21, 2016
Goke7:


of course since Nigeria is broke, then the CBN is broke too, remember our major revenue which is from oil is depleting with the falling oil prices so cbn definitely can't have enough FX as we speak to support these transactions, the banks themselves are not healthier either, its all joined together.

Don't you think the anti-corruption drive by PMB to recover stolen monies may be targeted to shore up our dwindling FX? could it be that's the reason why the FG is taking it too serious to the extent that folks are wondering why they are expending so much energy on it instead of focusing on the economy? I think the answer to this is that Govt through the CBN truly doesn't have enough funds to run the economy yet.

What of diversification of economy to agriculture like cocoa in South West. If Buhari cannot cope with the Economy, he should divide the country peacefully.

3 Likes

Celebrities / Re: Frank Edwards Car Snatched And Returned In A 'Miraculous' Way (Photo) by byna: 4:42pm On Dec 28, 2015
MosakuAW:

Those boys that snatched your car dont need your car because they will be caught. What they really needed was the fuel not your car grin

No miracle will dry up fuel that suppose to last for 4days under hours only if your car is faulty.

All the same, congrats. My mind keep telling me that, na the fuel they need not your car grin

#Abi you don turn to Pastor Adeboye that drove his car from Ibadan to Lagos under 4liters of fuel.

Hahaha. You are Just a Fool. There is nothing too hard for God my friend. He divided d red Sea, remember?
Foreign Affairs / Re: Assad Makes Surprise Christmas Visit To Church(pix) by byna: 11:43am On Dec 20, 2015
H

1 Like

Nairaland / General / Re: Nigerian Student Jailed In UK After Burning Man's Genitals Using Iron During Sex by byna: 5:04pm On Dec 16, 2015
K
Politics / Re: Appeal Court Sacks Gov Wike, Orders Fresh Election In Rivers by byna: 4:37pm On Dec 16, 2015
K
Romance / Re: Man Denies Raping Teenager; Say His Penis Mistakingly Fell Into Her by byna: 4:32pm On Dec 16, 2015
K
Romance / Re: Man Denies Raping Teenager; Say His Penis Mistakingly Fell Into Her by byna: 4:31pm On Dec 16, 2015
J
Celebrities / Re: Rukky Sanda Stuns In New Pic, Shares Huge Cleavage by byna: 3:28pm On Dec 16, 2015
k
Celebrities / Re: Yemi Alade Looking Like An African "goddess" In New Stunning Photo by byna: 3:27pm On Dec 16, 2015
From the days of Johnny, I've always known this Girl is going Places. Humble to the core and doesn't mess around.. Kudos Girl

9 Likes

Travel / Re: Graphic Photos: Fatal Accident Along Oshodi-apapa Expressway Claims 2 Lives by byna: 5:02pm On Dec 13, 2015
kelvinsnipez:
god bless

SCAM
Properties / Re: Contact Us For Your Building's P.O. P Ceiling, Screeding And Pillar Designs. by byna: 7:05pm On Dec 12, 2015
WisdomTank:
Oh yeah!!

Cost implication , on a 4.2 x 4.9m sitting room pls nwachukwujonah@gmail.com
Properties / Re: Contact Us For Your Building's P.O. P Ceiling, Screeding And Pillar Designs. by byna: 7:01pm On Dec 12, 2015
WisdomTank:
Oh yeah!!

How much will this cost on a 4
.2 x 4.9m sitting room?
Properties / Re: Build a Standard 3Bedroom On A half Plot Of 324sqmetres at an Affordable Cost by byna: 1:14pm On Dec 11, 2015
pls forward to nwachukwujonah@gmail.com.
Politics / Re: Shuaibu Salisu: I Delivered $47m In 11 Suitcases To Dasuki - The Nation by byna: 7:17am On Dec 11, 2015
Smh
Celebrities / Re: Kim Kardashian And Kanye Take Saint West Home [photo] by byna: 6:39am On Dec 09, 2015
Other girls will be like?

Celebrities / Re: Korede Bello Is Police Youth Ambassador (Photo) by byna: 6:20pm On Dec 02, 2015
WISH HIM ALL THE BEST.

1 Like

Politics / Re: Old Couple Who Lost Their Only Child To Boko Haram (photo) by byna: 6:16pm On Dec 02, 2015
GOD KNOWS WHY. YOU CAN'T QUESTION HIM. HE CAN STILL DO IT AGAIN FOR YOU IF YOU BELIEVE. IT IS WELL WITH YOU.

1 Like

Politics / Re: PDP Senators Meet Over Amaechi, Others’ Confirmation: Nation by byna: 8:16pm On Oct 28, 2015
Issorite

1 Like

Nairaland / General / Re: Fuel Tanker Explodes On Ajaokuta Bridge by byna: 10:03am On Oct 28, 2015
frankwillzz:
God help us
You been
SCAMING US SINCE 19BC
Celebrities / Re: 2015 MBGN Queen, Unoaku Anyadike Contested Last Year But Lost (photos) by byna: 2:25pm On Oct 25, 2015
drsteves:
cute

Someone duped me after sending him credit. How How do I know you are 4real?

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