The Nigerian National Petroleum Corporation recorded a shortfall of $3.3bn in 2015 in its cash call obligations to joint venture oil and gas assets being operated by private firms, data from the corporation showed.
The NNPC was only able to pay $4.13bn to the JV partners as against $7.39bn approved to be paid for last year for the development of the assets.
The nation’s oil and gas production structure is majorly split between joint ventures onshore and in shallow water with foreign and local companies and production sharing contracts in deepwater offshore.
The NNPC owns between 55 per cent (for JVs with Shell) and 60 per cent (for all others) and the JVs are jointly funded by the oil majors and the government through the corporation....
TVC E, POLITICS - Two years after impeachment of Vice Admiral Murtala Nyako,(Rtd) as Adamawa State Governor by lawmakers, the Court of Appeal Sitting in Yola has set aside the lawmakers' decision.
The Yola Division of Appeal Court on Thursday nullified the impeachment of the former governor by the 23 Peoples Democratic Party lawmakers in 2014, describing it as null and void.
The five judges led by Justice Hannatu Sankey in their ruling unanimously set aside Nyako's impeachment saying that his fundemental human right was infringed by the state House of Assembly describing the action of the lawmakers as impunity, recklessness rascality, arrogant and abuse of legislative power.
In the lead judgment read by Justice Tunde Ayotoye, noted that the respondents took law into their hands by flagrantly abusing the constitution of the Federal Republic of Nigeria to meet up their selfish desire adding that Nyako was not given fair hearing.
The court ordered...
[caption id="attachment_10042" align="alignleft" width="300"] Nigerian jailed Soldiers[/caption]
TVC E, NEWS - The president of the campaign for democracy, Dr Joe Okei-Odumakin has called for the immediate release of Brigadier-General Enitan Ransome-Kuti, the son of the late human rights activist, Beko Ransome-Kuti by the Nigerian Military high command.
This demand was made during the 10th anniversary celebration of the late Beko ransome-kuti.
Political correspondent, Ayodele Ozugbakun reports that the campaign for democracy led other civil rights activist to the Beko memorial cenotaph located in Anthony village area of Lagos.
It was a platform to mirror democracy in Nigeria in the light of the contributions of the late Beko to the enthronement of democracy.
The convener, Dr Joe Okei Odumakin used the anniversary to call for the release of beko's son who was recently sentenced to 10 years imprisonment by a military court.
A similar event was held at the airport hotel, lagos, by the Beko Ransome-Kuti memorial...
[caption id="attachment_10037" align="alignleft" width="225"] LBD + Red Accessories[/caption]
We all know that Valentine's Day is around the corner, and you may probably be wondering "what to wear"
There are a lot of ways to wear red, without screaming DANGER!. Here are three tips to guide and make you look hot on your special date or hanging out with friends.
First of all, wear red shoes with a black dress and red accessories to match, it looks elegant and alluring.
Secondly, why not just try wearing a red lipstick, with a black outfit.
Lastly, you can actually wear a red dress and black accessories to make it subtle and whichever way you decide to wear RED!, just don't forget to share the love. Gracias!...