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NNPC trading surplus rises by 860% to N20.4bn in one month

Kindly Share This Story: By Michael Eboh  The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June. In a statement on its Monthly Financial and Operations Reports for July 2020, Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, stated that significant increase in its bottom line was largely due to the 178 per cent rise in the surplus posted by the NNPC’s upstream subsidiary, the Nigerian Petroleum Development Company, NPDC. Obateru explained that NPDC’s impressive result was bolstered by the continuous improvement in global crude oil demand for the third consecutive month.  He added that the NNPC’s financials was further impacted by the 739 per cent increase in the profit of Integrated Data Services Limited, IDSL, and a 51 per cent growth in performance by Duke Oil Incorporated, both companies of NNPC.  According to

Edo Registered voters, PVCs collection by LGAs

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  Edo South is the dominant district in terms of registered voters and PVCs collection. View pictures in App save up to 80% data. Edo South has 1,281,414 registered voters, according to YIAGA, quoting INEC figures. In the zone, 78.1 per cent of the PVCs have been collected. Conversely Edo North has 564,122 registered voters; 84 per cent of the PVCs have been collected. In Edo Central, the total registered voters is 364,998; out of which 74.4 per cent have been collected. Edo South Oredo: Registered voters 313,553; PVCs collected 240,197 Ikpoba/Okha: Registered voters 315,410; PVCs collected 214,822 Egor: Registered voters 219,832; PVCs collected 158,817 Ovia Northeast: Registered voters 143,009; PVCs collected 113,167 Ovia Southwest: Registered voters 96,409; PVCs collected 77,468 Orhiomwon: Registered voters 118,672; PVCs collected 102,739 Uhunmwode: Registered voters 74,529; PVCs collected 57,290 Edo North Etsako West: Registered voters 160,137; PVCs collected 128,188 Etsako East: Re

Reaction without action: Complaining stifles change

Life is a competition. Anything that is quantifiable can be used as a measure of success, from how much sleep one gets to what kind of car one drives. But more than ever before, our generation delights in romanticizing our problems and our losses, which has led us to compete in an entirely different way. Instead of trying to portray ourselves as positively as possible, it is now common, and even popular, to emphasize the struggles in our lives to make our peers think that we have it the worst. And often, the negative stressors in our lives manifests themselves as an overwhelming amount of complaining. While it is good to talk about our problems to try to gain perspective, when all we do is complain, we set ourselves in the mindset that the things we complain about are unchangeable. It is time for us as a generation to open our eyes and realize that this couldn’t be farther from the truth. There are two levels on which complaining can negatively impact our lives. The first and most obvi

Nigeria’s next President: A riposte

By Segun Dipe Rumours about some people’s presidential ambition towards 2023 have been doing the rounds. The credit should go to the hecklers who help in spreading them. They, the hecklers, have been prickling innocent Nigerians with the noise of who wears the presidential cap of the country next. They have been egging them towards a particular direction, warts and all. Ordinarily, such rumours should be too early to make meaning, especially when the last election is still unfurling. But trust Nigerians, the end of one election is the beginning of jostle for another. And the reason is simple: Nigeria is an election-obsessed country. This perhaps explains why the country appears hexed in its choice of who rules over its affairs with the general parameter for assessing who a potential presidential material is revolving around three qualities, viz: a deep pocket, having been around for too long and being politically sagacious. Other qualities are pushed to the back-burner. According to Jo

Constitutional Review: Zone Us To Southwest, Okun People Write NASS

The Okun ethnic nationality in Kogi State has demanded relocation from the North -Central geopolitical zone to the South -West. They also wanted a separate state which would be made up of the Okun people and the core Yoruba speaking part of Kwara State . Their demand was contained in the memorandum sent to the Senate Committee on the review of the 1999 constitution , under the aegis of Okun Development Association. The memorandum, signed by Ambassador Babatunde Fadumiyo, on behalf of the President of ODA, expressed support for the restructuring of Nigeria to bring about a truly federal republic. The document noted that there should be a boundary adjustment that would bring together , ethnic groups separated from their kit and kin . It read in part,“ To ensure fairness and uphold human rights for minority nationalities who have been separated by artificial boundaries from their kith and kin , a referendum shall be conducted. “ This will enable such nationalities to choose which

Trump says he'd put down 'insurrection' and crush riots on election night: 'When looting starts, shooting starts'

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  President Donald Trump has been accused time and again of being someone who would not be sporting enough to accept the results of the 2020 presidential poll. With the November 3 election promising to be a not-so-smooth affair in times of the pandemic, the incumbent president’s opponents are even more apprehensive. Democratic candidate Joe Biden has even said in the past that the mercurial  Trump will be removed from the White House  by the military if he doesn't concede defeat after losing the poll.  . d And now, the 74-year-old Trump has come up with a sinister plan that would add fuel to the fear. Speaking to Fox News’s Jeanine Pinto on Thursday, September 10, the president said he would stifle riots on election night “very quickly” if the Democrats held protests against his potential victory.  President Donald Trump returns to the White House after posing for photographs in front of St. John's Episcopal Church June 1, 2020 in Washington, DC. (Getty Images) “We’ll put them

The 1983 Buhari Coup and The SW Media

By Demola Olarewaju I wasn't  going to say much about the person and passing of the former President Shehu Shagari beyond the perfunctory but yesterday I read a thread from someone I respect somewhat. First I think it’s important to say (as I’ve said before) that I understand this generation is coming into alternate historical knowledge and it feels compelled to denigrate past personalities upon discovery of their flaws - which mainstream History sometimes covers up. For me, that epiphany came in the past especially with past Yoruba Leaders whom many in my family adored and I grew up adoring too. But I had a mind that explored and I went in search of history as written by the people those Leaders disliked and I saw the flaws they’d hidden. The advantage the progressive camp in Nigeria has always had - especially in the SW axis - is that they always documented their experiences and those documents became mainstream. So if they disliked/hated someone, the records bore them witness be

THE VALUE OF THE NAIRA: A REVELATION THE VALUES OF NIGERIANS!

A currency's value is what is can fetch those who use it as a means of exchange!  Those in America use Dollars $ and those in the UK use Pounds Sterling £. Emiratis use Dirhams and Indians Rupees. Nigerians therefore use the Naira. The Naira today, is equivalent to 600 units of the GB£ and 500 units to the US$. Though we are quick  to lampoon the Naira as worthless, but let us compare how much value each of these currencies equivalents fetch their owners/holders, within their borders? In the US, a dollar ($) may not buy you more than a small bottle of water, while N500 will buy you a pack of 12 of the same bottles  of water in Nigeria! A pound (GB£) may not buy you even a small loaf of bread in London, but in Lagos, N600 will buy you and your partner, breakfast for 2, consisting of one N250 big loaf of bread, 4 fried eggs and 2 bottles of water! Days ago, I bought 50 pcs of medium sized oranges from the Ketu fruit market for N1,000, that's just $2! I bought 3 pineapples for N50

UK Court orders P&ID to pay Nigeria legal costs of £1.5 million

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A n English court found in favour of Nigeria’s pleas, heard in July, last weeweek.   Sir Ross Cranston at the Commercial Court said there appeared to be evidence of corruption in how P&ID had secured its contract. P&ID is seeking a payment of around $10 billion from Nigeria for failure to meet its side of the agreement. A man walks through foliage as gas flares burn in Idu, Rivers State, Nigeria. Photographer: George Osodi/Bloomberg The opposing sides will hold a case management conference after November. This will allow the participants to schedule a trial. Nigeria sees this trial as an opportunity to make its case that the contract was awarded wrongly. The July hearing was to determine whether Nigeria should be able to re-challenge the award. A representative from the Nigerian Attorney General said the award of costs was “another crucial win” for the country in its fight against “vulture-fund-backed P&ID. We are pleased that the English Courts have taken our fraud challen

How To Prevent Toilet Infection

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. Toilet infections are generally uncomfortable for both male and female which often displays symptoms like itching, pain on urination, bad odour and general discomfort in the private area Some harmful habits like squatting when urinating, wrong method of cleaning the anus after defecating, vagina douching, use of perfumes on the private area, use of dirty toilets and use of wet underwear may predispose a person to toilet infection. Although, most people find treating toilet infections quite embarrassing; it is important to treat its early so it does not snowball into another issue that will affect one’s sexual health. Below are helpful tips to prevent toilet infections: Stop Vaginal Douching Image credit: Pixabay Do not use medicated soap, antiseptics or salt to wash your private area has it causes harm to the bacteria living in the vagina. Only use water to clean up while bathing. Always Change Your Underwear Image credit: Pixabay It is advisable to change your underwear twice or whe

Nigeria's Federal System and Potential for Collaboration and Partnerships

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Nigeria's founding fathers bequeathed the country with a federalist system which  has a number of positive features that can potentially support a development agenda. The fiscal reserve belongs to both the Federal and sub-national governments. States operate a high degree of decentralized autonomy which is essential for development and fiscal stability.  The adoption of the federal form of government was borne out of the reflection of a cultural heterogenity that characterised the regions of Nigeria.  The governor of Ekiti state and Chairman, NGF having a cheerful moment with President Muhammadu Buhari, Vice President Yemi Osinbajo, Speaker House of Reps., Rt. Hon.  Femi Gbajabiamila and Senate president Ahmed Lawan.  Although the evolution of intergovernment relationships between the federal and State governments has occurred in fits and starts, partly due to the unitarist impulses of military rule but the democratization process since 1999 has problematized these unitarist impuls