Richtaiwo:
Obviously, it is gradually inching towards the official rate. Isn't it high time CBN reduced it to, let's say, N900/$ or 1k/$. And same thing be repeated when it starts converging again. With more effort, we might see the rate getting as low as 200/$ before the end of the year.

Prod1:
He couldn't withstand the thought of another rod entering that hole

Mynd44:
To those telling people to dump the Naira and those listening to them, pray you don't end up buying dollar at an amount you won't want to sell it

The British energy giant, Shell, is concluding nearly a century of onshore oil and gas operations in Nigeria by selling its subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to the Renaissance consortium for a substantial $1.3 billion. This notable divestment signifies a strategic shift for Shell, as it aligns with the company's intention to withdraw from onshore oil production in the Niger Delta.

The Renaissance consortium, a powerhouse comprising ND Western, Aradel Energy, First E&P, Waltersmith – all prominent local oil exploration and production companies – and the Swiss-based trading and investment company Petrolin, secured the deal. This acquisition underscores a changing landscape in Nigeria's energy sector as Western companies, including Shell, strategically withdraw from onshore operations to focus on more lucrative offshore ventures.

The transaction, subject to approval by the Nigerian government, involves the transfer of responsibilities for dealing with spills, theft, and sabotage to the Renaissance consortium. Shell's exit has prompted calls for accountability, with Nnimmo Bassey, Executive Director of the Health of Mother Earth Foundation, insisting that Shell must take full responsibility for the environmental impact caused during its tenure.

The five key figures leading the Renaissance consortium are notable players in the Nigerian energy scene:

1. Adegbite Falade



The driving force behind the Renaissance Consortium's landmark acquisition is Adegbite Falade, the Chief Executive Officer of Niger Delta Exploration & Production (NDEP). A distinguished individual with a First Class B.Sc. in Electrical & Electronics Engineering from the University of Ibadan and an MBA from Warwick Business School, Falade brings over 14 years of senior executive experience in the oil, gas, power, and services sectors to the consortium.

Having previously served as the Managing Director and Group COO at OilServ Group in Port Harcourt, Falade's expertise extends across engineering, operations, project execution, commercial endeavors, client and stakeholder management, as well as strategy and enterprise development. His strategic leadership and industry acumen position him as a key player in steering the Renaissance Consortium toward a prosperous future.

2. Eberechukwu Oji



At the helm of ND Western Limited is Eberechukwu Oji, the Managing Director/Chief Executive Officer since March 2020. Armed with over 25 years of experience in the oil and gas sector, Oji is a Fellow of the Nigerian Society of Engineers and a Chartered Engineer with The Council for the Regulation of Engineering in Nigeria (COREN).

Oji's academic background includes a Master’s in Business Administration (MBA) from Warwick University, a Master's in Technology (MTech) in Petroleum Engineering from Curtin University, and a Master's in Engineering (MEng) in Electrical & Electronics Engineering. Prior to joining ND Western, Oji served as Chief Operating Officer (COO) at Neconde Energy Limited, overseeing exploration and production oil and gas accountability from reservoir to export point operations.

3. Ademola Adeyemi-Bero



Playing a pivotal role in the Renaissance Consortium, Ademola Adeyemi-Bero, the Managing Director of First E&P, brings a wealth of experience garnered over 20 years with Shell International. His diverse roles within Shell, including Business Director of Shell’s Nigeria Joint Venture and VP New Business, Africa within Shell International E&P, showcase a deep understanding of the oil and gas business across various functions.

Adeyemi-Bero's journey includes roles such as General & Asset Management and Chief Technical roles across multiple countries. Co-founding FIRST E&P after joining BG Group, he possesses a sound understanding of the Nigerian oil and gas business environment, making him a valuable asset to the Renaissance Consortium.

4. Samuel Dossou-Aworet



Samuel Dossou-Aworet, the founder and chairman of the PETROLIN group, stands as a distinguished petroleum engineer and a highly respected businessman with over 40 years of experience. Born in Porto Novo, Benin, he established the PETROLIN group in 1992, operating in trading, exploration, and production across Central and West Africa, the Great Lakes region, and the Middle East.

Dossou-Aworet's dynamic career includes serving as Chairman of the OPEC Board of Governors and acting as a Strategic Advisor to heads of state and international oil companies for over two decades. His influence extends to being the General Manager of Hydrocarbons in Gabon for more than 15 years, solidifying his position as a key figure in the Renaissance Consortium.

5. Alhaji Abdulrazaq Isa

Chairman and CEO of Waltersmith Petroman Oil Limited, Alhaji Abdulrazaq Isa Kutepa, brings over 30 years of experience to the Renaissance Consortium. Born in Lokoja, Nigeria, Abdulrazaq graduated from Ahmadu Bello University with a BSc (Hons) in Sociology.

His international exposure includes professional programs at Citibank Global Training School, Lee Kuan Yew School of Public Policy in the University of Singapore, and Cox School of Business, Southern Methodist University, Dallas, Texas. Abdulrazaq's extensive experience in strategy, enterprise transformation, asset development, and project management positions him as a seasoned entrepreneur and a vital member of the Renaissance Consortium.

Responsibility Transfer and Legal Challenges

Renaissance is set to assume responsibility for addressing spills, theft, and sabotage, a role previously held by Shell. The energy giant has grappled with multiple compensation lawsuits in recent years due to damage resulting from spills in the Niger Delta.

Nnimmo Bassey, Executive Director of the Nigerian advocacy group Health of Mother Earth Foundation, emphasized, "Shell must own up to its responsibility."

"This means full payment for the remediation and restoration of the polluted areas as well as reparations to the host communities. They cannot walk away from the virtually irreparable harm they have caused," Bassey said in a statement.

Operational under Shell's SPDC Limited, the company holds a 30% stake in the SPDC joint venture, overseeing 18 onshore and shallow water mining leases. As of the end of 2022, Shell's resources within SPDC amounted to approximately 458 million barrels of oil equivalent.

It's gathered that confirmation by Renaissance has been received for the sale, which is contingent upon approval from the Nigerian government.

robosky02:




Hello please delete this
Your posting a good write-up
In a wrong space

Ako Obioma, Managing Director of Worldwide Environment Tech Ltd and Daman Resources Nig Ltd, is facing severe criticism over alleged contract scams in Abia and Imo states.

The accusations come from various quarters, including a scathing statement by former Abia Speaker Rt. Hon Chinedum Enyinnaya Orji and a damning revelation from the Abia Reform Movement (ARM).

In a strongly worded statement signed by Jude Ndukwe spokesperson to the former Abia Speaker, Rt. Hon Chinedum Orji accused Ako Obioma of being a "crooked contractor" who diverted government funds meant for road projects to acquire exotic cars without delivering on the jobs.

"Ako Obioma is on record as one of those contractors in Abia state that did perfect the ignoble art of collecting government funds released for road contracts to buy exotic cars without delivering on the jobs. His dishonesty is nauseating and he can not possibly be someone that should offer any advice."

Also, a press statement by the Abia Reform Movement (ARM), signed by its Convener, Comrade Theodore Nwabueze and Mr Okechukwu Solomon and made available to the media on Monday in Umuahia the Abia State capital, described Ako Obioma as "a shamelessly desperate individual who has perfected the ignoble art of diverting public funds meant for road projects to his personal use."

ARM vowed to further expose the common thievery perpetrated by Ako Obioma whom they described as being notorious for absconding with funds meant for road projects once he is mobilised by government thereby shortchanging the people in the process.

"The claim that the notoriously failed contractor 'executed and handed over huge number of completed road infrastructural (sic) projects, and other meaningful and peoples-oriented (sic) projects...' is not only mischievous and ridiculous but a lie from the pit of hell peddled by enemies of the people.

"Those who peddled that falsehood failed to mention even if it is just one project among the so-called 'huge number of projects' they claimed Ako delivered. They could not have because there was actually none! Such 'huge number of projects' exists only in the deranged imagination of Ako Obioma the failed crooked contractor and his media hirelings.

"It is not only in Abia State that he used his companies to grossly shortchange and sabotage government efforts at providing infrastructure for the people, he extended his malfeasance to Imo State where he was awarded the contracts for the construction of Umuezegwu-Ogbor Ahiazu-Ekwereazu Ahiara Mbaise Road; and the Umuaka through Dikenafai Road and the Okwelle Roundabout.

"Just like he disappointed and abysmally failed his own kinsmen in Umuopara, Umuahia South LGA where he absconded with the contract sums paid for the construction of the all-important Umuopara Ring Road without executing the job, Ako Obioma 'exported' his ineptitude, incompetence and thievery to the people of Ihitte Oboma, Ahiazu Mbaise, Ideato South and Onuimo all in Imo State who till date still suffer the hardship imposed upon them as a result of the non-execution of the contracts awarded for the construction of their roads but which were all abandoned after Ako Obioma the crooked contractor got mobilised but absconded as usual with the funds.

"All Ako Obioma is interested in is the inordinate acquisition and endless primitive accumulation of exotic cars, including about 6 convertible Mercedes Benz cars, a Lamborghini car among others which he drives with glee even in his own community where he is held in both disdain and opprobrium; ostentatious holiday get-aways etc all at the expense of government and the people.

"Such an avaricious, rapacious and voracious element is supposed to be checked into a mental home for a psychiatric check as his level of mindless diversion of public funds is bewildering.

"We advise Ako Obioma to toe the honourable path of apologising to his people in Umuopara for failing them and also consider the option of making restitution to them and all the other communities extending to Imo State for absconding and living fat on their funds without delivering on the jobs he was mobilised for.

"This is the only way he can get some respite from his self-imposed restiveness and crookery," the statement concluded.

Efforts to obtain a response from Ako Obioma regarding these serious allegations proved futile as calls to his known phone number failed to connect.

Tragedy struck today as the historic First Niger Bridge in Onitsha became a blazing inferno, a consequence of a fuel tanker explosion that rocked the area, Igbere TV reports.

The incident sent shockwaves through the region, shrouding Onitsha and its surroundings in thick, billowing smoke. The First Niger Bridge, a vital link connecting the eastern and western regions of Nigeria, fell victim to the relentless flames, resulting in severe transportation disruptions and heightened safety concerns.

Eyewitnesses recounted the horrifying moment the fuel tanker erupted in flames, unleashing a massive fire that rapidly devoured the bridge's structure. The ensuing chaos prompted locals to evacuate the area, while emergency services mobilized to bring the situation under control.

Nigerian singer and songwriter Omorinmade Kuti, professionally known as Made Kuti, is set to embark on a journey of love with Adanna Onyenso, daughter of acclaimed actor Chris Onyenso.

Igbere TV learnt that the grand wedding is scheduled for early November.

Made Kuti, born on 26th September 1995 to the iconic Femi Kuti and Funke Kuti, is not merely a rising star in the Afrobeat scene; he's a luminary in his own right.

Raised amid the vibrant rhythms of the New Afrika Shrine, his musical journey began at an astonishingly young age.

Displaying an extraordinary talent, he effortlessly mastered a plethora of musical instruments, including the trumpet, alto, saxophone, piano, and drums during his formative years.

Remarkably, he picked up the trumpet at the tender age of 3.

After laying his foundational education in music at Uxbridge College, Hayes Campus, Made Kuti furthered his musical education at the Trinity Laban Conservatoire in London, an institution of immense significance, given that it was also the alma mater of his legendary grandfather, Fela Kuti. His profound connection to Afrobeat's legacy is palpable, and his commitment to both preserving and advancing the genre is nothing short of impressive.

Adanna Onyenso, the daughter of the esteemed actor Chris Onyenso, brings her own unique charm to this impending union. Her father, Chris Onyenso, is a revered figure in the Nigerian entertainment industry, celebrated for his roles in acclaimed films such as "Ashanti" (2003), "Risky Affair" (2004), and "Moonlight" (2006).

n3xt:


Is this still available

tobby20:
bastard you never even go you don Dey use ain’t

Passengers at Murtala Muhammed International Airport (MMA) Terminal 1 were left stranded today as they faced unforeseen hurdles in their travel plans.

A network complication has rendered Immigration processing temporarily impossible, leaving travelers unable to proceed with their journeys, Igbere TV can report.

The source of this unprecedented disruption stems from a fire incident that transpired earlier this morning at the airport, which, thankfully, has been promptly extinguished by the airport's emergency response teams.

However, the aftermath of this incident has created significant inconvenience for passengers, who find themselves stuck in a state of limbo within the terminal. With Immigration services temporarily unavailable, the frustrations of travelers have mounted, adding to the already tense situation.

Efforts are underway to rectify the network complications and restore normal operations at MMA Terminal 1. Airport authorities are working diligently to minimize disruptions and expedite Immigration processing for affected passengers.

Passengers are advised to stay patient and cooperative during this challenging period, as airport personnel are striving to resolve the situation as swiftly as possible.

genius43:


Wait for the RN12 Pro if it must be a Note series or look at either the Poco F4 or Mi 12 lite.

I thank all Nigerians, especially our youths who have joined me in the mission of taking back and reuniting Nigeria.

This project is yours and for the future of your children. I am just a facilitator.

Since I resigned from the PDP because of issues that are at variance with my persona and principles, I have consulted widely with various parties and personalities to ensure we do not complicate the route to our desired destination.

For me, the process of achieving our goal is as fundamental as what one will do thereafter.

Therefore, I have chosen a route that I consider to be in line with our aspirations and my mantra of taking the country from consumption to production; and that is the Labour Party which is synonymous with the people, workers, development, production, securing and uniting Nigerians as one family.

I invite all Nigerians to join me in taking back our country.

Be assured that I'll never let you down. -PO

Nigerian music star Mr Eazi and his long-time girlfriend, Temi Otedola are engaged, Igbere TV reports.

The couple took to their social media pages on Sunday, April 10, 2022, where they shared the big news.

In the video which has since gone viral, Mr Eazi is spotted on one knee proposing to the billionaire heiress.

The soundless video shared on social media lasted for about 38 seconds.

Mr Eazi and Temi have had one of the most beautiful and interesting relationships in the entertainment space.

Wife of former Senate President Toyin Saraki on Thursday posted a throwback photo on social media to celebrate her mum Ojuolape Ojora’s birthday, Igbere TV reports.

She described her mother, who holds the traditional title of Erelu O’odua, as her icon and inspiration.

“Happy Birthday Erelu Agba, The Erelu O’odua, my darling Mum! The hosts of God encamp around the dwellings of the just; deliverance he affords to all who on his succor trust!” Mrs Saraki wrote.

“My icon, my inspiration, amazing mum, grandma, great grandma, so blessed to have you guiding us all with loving kindness and wisdom. Every blessing, always! Amen.”

Mrs Saraki also posted photos of an indoor party held to celebrate her mother’s birthday.

The wife of former Kwara State governor was born into the Ojora and Adele royal families of Lagos.

Laila Charani, the ex-wife of businessman Ned Nwoko, on Saturday celebrated her 31st birthday, Igbere TV reports.

The Moroccan model and former co-wife of Nollywood actress Regina Daniels shared stunning photos and a video of herself on Instagram.

Captioning the video, she wrote: “Happy birthday to me.”

Laila announced her divorce from Nwoko on November 1, weeks after she unfollowed the 62-year-old and Regina on Instagram.

The mother of three has relocated to her home country and has been sharing pictures on social media suggesting she is living her best life.

Laila was married to Nwoko for 10 years and was believed to be close to Regina for whom she modelled some clothes in July.

Singer Ahmedu Augustine Obiabo popularly known as Blackface has hinted that members of the defunct group Plantashun Boiz are reuniting for a project, Igbere TV reports.

The group made up of Blackface, 2face and Faze disbanded in 2004.

Blackface announced the forthcoming project in an interview with Naija FM on Thursday.

Announcing his music plans for the year he said: “Expectations for this coming years, I go like to tell una say I go do another video for Plantashun Boiz very soon and I dey work on a project called the return for the band Plantashun Boiz.”

After the split, Blackface released the hip hop album Ghetto Child in May 2004 collaborating with a number of artists.

In 2021, he settled his feud with 2face. Their fight began after Blackface accused 2face of recording the hit song ‘African Queen’ without giving him due credit.

The music star also said he was never jealous of 2face. Blackface said this in an interview with Chude Jideonwo.

“I’m not jealous of 2face, why would I be jealous? 2face has always been the one everybody likes and I’ve had people throw that at me telling me ‘You know you have problems with him why you gonna have problems with him? Of course, we are going to have problems,” he said.

The two singers were urged to bury the hatchet at a tribute organized in memory of Sound Sultan.

Actress Nkechi Blessing could not hide her joy as she met veteran actor Pete Edochie on a movie set, Igbere TV reports.

In an Instagram post on Sunday, the 32-year-old shared a video of her sharing a passionate hug with the veteran as she hailed him.

Expressing her excitement, the actress stated that meeting Pete was an emotional moment for her as she grew up watching the ‘legend’. She also noted that Pete Edochie was her late mum’s favourite actor.

Captioning the post, she wrote: “This moments is emotional for me. A living legend, a man I grew up watching. My late mum’s favourite actor and I am here acting his daughter.I mean Akunna you cannot understand. Let me stop typing before I mistype.”

The movie titled Merry Go Wrong which is currently being filmed also features Clarion Chukwurah, Destiny Etiko, Jackie Appiah, Blossom Chukwujekwu and others.