NNPC, IOCs Sign Agreements To Generate 10 Billion Barrels Of Oil For $500bn

NNPC, IOCs Sign Agreements To Generate 10 Billion Barrels Of Oil For $500bn The Nigerian National Petroleum Company Limited and international oil companies operating in Nigeria, on Friday, signed various agreements that would ensure the production of about 10 billion barrels of crude oil and generate over $500bn revenue to all parties involved. NNPC officials and their counterparts from the IOCs including Shell, Chevron, Texaco, Sinopec, Sapetro, Esso Exploration and Production Nigeria Limited, among others, renewed their agreements in five Oil Mining Leases, OMLs, that included OMLs 128, 130,132, 133,…

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Oshoala, 19 Others Nominated For 2022 Ballon d’Or

Oshoala, 19 Others Nominated For 2022 Ballon d’Or Super Falcons star Asisat Oshoala has earned a nomination for the 2022 Ballon d’Or Award. France Football, the prestigious award’s organisers, announced the nominees in all categories ahead of the ceremony, and the 27-year-old Nigerian forward was named to the elite 20-woman list. Despite a season marred by injuries, Oshoala had an outstanding season with Barcelona Femeni, which explains why she is ranked among the top 20 female football players in the world. Oshoala has already established herself as Africa’s football queen, having been…

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Kaduna Train Attack: How Terrorists Fooled Nigerian Government To Release Detained Wives and Children – Garba Shehu

Kaduna Train Attack: How Terrorists Fooled Nigerian Government To Release Detained Wives and Children – Garba Shehu The terrorists who attacked the Abuja-Kaduna train in March and abducted scores of hostages fooled the Nigerian government to meet its demand but failed to release the hostages as promised, a media aide to President Muhammadu Buhari, Garba Shehu admitted in during an interview. Mr Shehu told BBC Hausa that the government met the demands of the terrorists, which includes the release of their wives and children from custody but the terrorists failed to…

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Five Chinese Companies To Delist From New York Stock Exchange

Five Chinese Companies To Delist From New York Stock Exchange Five Chinese companies to delist from New York Stock Exchange, including the country’s leading energy and chemical company, by the end of August. In separate statements issued Friday, China Life Insurance, PetroChina, Sinopec, Aluminum Corporation of China and Sinopec Shanghai Petrochemical said they had notified the NYSE and applied for “voluntary delisting.” All five companies cited “low turnover in the US” and “high administrative burden and costs” as their reason for the departure. However, the news comes after all five…

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Ransomware Gang Hacks Networking Giant, Cisco, Claims To Have 2.8GB Of Data

Ransomware Gang Hacks Networking Giant, Cisco, Claims To Have 2.8GB Of Data Ransomware gang hacks networking giant Cisco claiming to have access to 2.8GB of data as group publishes a partial list of files it claims to have exfiltrated. On the same day that the Yanluowang ransomware group published a partial list of files it says were stolen from Cisco, the networking giant’s Talos Intelligence Group confirmed that Cisco had, indeed, been hacked. The confirmation, that came by way of a Talos blog posting, stated Cisco was first made aware of…

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Nigeria Lost Over $240 million Worth Of Oil In July Alone, Says OPEC

Nigeria Lost Over $240 million Worth Of Oil In July Alone, Says Organisation of Petroleum Exporting Countries, OPEC. Nigeria lost about $241.1m worth of crude in July says OPEC Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the OPEC showed on Thursday. In its latest Monthly Oil Market Report for August 2022, OPEC stated that crude oil production figures based on direct communication indicated that Nigeria’s output dropped by an average…

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U.S. Extradite Three Nigerians From UK Over Alleged $5m Fraud

U.S. Extradite Three Nigerians From UK Over Alleged $5m Fraud United States (US) authorities have announced the extradition of three Nigerians from the United Kingdom (UK) over alleged $5m fraud to face charges in America for defrauding different American universities and other victims to the tune of $5 million. The suspects are Oludayo Adeagbo (alias John Edwards and John Dayo), 43, a Nigerian citizen and UK resident, and Donald Echeazu (aka Donald Smith and Donald Dodient), 40, a dual UK and Nigerian citizen, and Olabanji Egbinola, 42. According to a statement…

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Thieves Break Into Katsina State Government House, Steals N31m

Thieves Break Into Katsina State Government House, Steals N31m Thieves broke into the Katsina State government house, steals N31 million making it the second time for such to occur at the government house. In 2020, N16m was reported stolen from the office of the Secretary of Government of the State (SGS). Two government officials at the SGS office and a security guard were arrested in connection with the theft. Recent theft PREMIUM TIMES gathered from reliable sources at the government house that the theft occurred on Sunday, 31 July. A…

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Now, You Can Slip Out Of WhatsApp Group Chats Undetected

Now, You Can Slip Out Of WhatsApp Group Chats Undetected WhatsApp just lunched a new feature that will allow users to slip out of group chats without alerting others to their exit. Currently, pulling out of a WhatsApp group chat can be an awkward affair as everyone in the chat is informed when you leave. In larger groups, it can also be annoying. Soon, however, instead of notifying everyone in the group when someone leaves, only the admins will be informed. The feature will start rolling to all WhatsApp users…

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Crypto.com CEO Assures That Cryptocurrency Industry Will Come Back Very Strongly

Crypto.com CEO Assures That Cryptocurrency Industry Will Come Back Very Strongly Kris Marszalek, the CEO, and co-founder of the Singapore-based cryptocurrency exchange CryptoCom, said Wednesday that the crypto industry would come back very strongly from the current unstable market conditions.  CryptoCom CEO is Bullish on Crypto In an interview with CNBC, the millionaire CEO addressed the current bear market that erased billions of dollars from the entire market value of $3 trillion, with Bitcoin (BTC) and Ethereum (ETH) trading as low as $17,000 and $900, respectively, noting that the market…

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Challenges of Buying Properties in Nigeria – Chinedu Ndibe

Challenges of Buying Properties in Nigeria – Chinedu Ndibe No doubt, the Nigerian real estate sector is a gold mine. It contributes greatly to the wealth and savings of many Nigerians. And as a sector with high demand, it also plays a huge role in the country’s economy. Unfortunately, there are several critical challenges limiting its growth. It must be stated that the government has, over the years, made significant reforms to address these challenges. However more needs to be done. Here are the 4 major challenges of buying real…

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What Is Real Estate Flipping? and Why You Should Care

What Is Real Estate Flipping? and Why You Should Care Buy – renovate – sell This is the simplest way to explain real estate flipping. Also known as house flipping, this investment strategy involves buying a dilapidated or old and distressed building at a cheap price, holding it while you revamp and selling it for a higher price. Here in Nigeria, it is better known as fix and flip. House flipping is a great way to get into the real estate landscape, particularly for investor with little money. However, making…

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