FG To Split NNPC Into 30 Different Companies

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said that the NNPC is to be unbundled into 30 profit-making companies with separate Managing Directors in the weeks ahead as part of the ongoing transformation of the national oil company.Dr. Kachikwu made this disclosure at the 25th Oloibiri Lecture Series and Energy Forum in Abuja with the theme: “Technological Advances in Hydrocarbon Exploration and Exploitation: Solutions to Global Oil Price Stability”.
The Minister stated that the NNPC has been moved from a loss position of N160 billion to some N3 billion by January 2016, adding that by year end the Corporation should start making some profit.

“For the first time, we are unbundling the subset of the NNPC to 30 independent companies with their own Managing Directors. Titles like Group Executive Directors are going to disappear and in their place you are going to have Chief Executive Officers and they are going to take responsibilities for their titles. At the end of the day, the CEO of an upstream company must deliver an upstream result,” Dr. Kachikwu stated.

He also informed that as part of measures to stabilize crude oil prices, some members of the Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet with Russia on 20th March, 2016, in Moscow to fine tune collaborative strategies.

The Minister noted that the President Muhammadu Buhari administration is focusing on developing the nation’s gas resources in order to boost revenue as part of the diversification policy of the Federal Government.
Dr. Kachikwu said the petroleum sector, under his watch, would rapidly review the contracting cycle of projects from two years to six months in the upstream, stressing that efforts are in top gear to review the existing Production Sharing Contracts which is long overdue.

The Minister applauded the National Assembly on their efforts on the Petroleum Industry Bill (PIB) which he said would go a long way to promote efficiency in the governance structure of the industry.
He noted that for the Nigerian oil and gas industry to make remarkable progress, there is need for all the stakeholders in the upstream, midstream and downstream sectors to be on the same page on cost control, contracting circle, technology and environmental issues.
He called on stakeholders to adopt integrated approach towards resolving some of the challenges of the industry in Nigeria.


In his welcome remarks, the Chairman of the Society of Petroleum Engineers (SPE), Engr. George Kalu, said the Oloibiri Lecture Series and Energy Forum of this year coincides with 60 years of oil exploration and production in Nigeria, adding that the low price of crude oil affords Nigeria the opportunity to reduce cost through industry collaboration.

Agiliti Residents In Terrified State Of Minds, As They Are Scared Of What The Hausa Can Do Over The Night

As at the time i'm reporting this, All landlords of Agiliti are scared and are all outside in Agiliti Bus stop, because of the damage done to the houses of their co-landlords whose house  were been burnt, some hausa men entered into many Agiliti Residents houses and killed alot of their families. View the cause of the fight http://naijaears.blogspot.ae/2016/03/the-cause-of-nasty-fight-that-happened.html?m=1 This is the pictures from the scene during the soldiers intervention this afternoon.

We plead with the government to please send in more men to help stabilize the area, as the hausas are ready to cause more havoc in the mid night.

See Mercy Aigbe & Cute Son As They Steps Out In Adorable Traditional Outfit

Mercy Aigbe, the pretty actress and mother of two lovely kids visits her son's school on their Yoruba day. She said being a mother is her greatest achievement till date. The young boy looks so much like his mum.

The Cause Of The Nasty Fight That Happened At Agiliti, Mile 12 Lagos Between Community Members & Hausa In Mile12.

Between last night and the early hours of this morning, there was heavy chaos at Agiliti area of Mile 12 after members of the Community and Hausa's living in Mile12 were involved in a terrible fight that caused many people their properties and lifes.

According to what I know about the incident because I live in the vicinity, Hausa okada men have been causing serious trouble lately in Agiliti, They have been injuring many of the passengers they carry, this is because they follow one way, the road is a dualised road, and they are not ready to follow the road instructions by following the normal lane.

 I can sight Two incident that happened recently that i Am aware of;

A pregnant woman was on a bike one morning, when dis small hausa okada rider who was following one way collided with the pregnant woman's bike which made her to fall, hitting her stomach very hard on the ground.

Another incident happened with a small boy who wanted to cross the road, who was hitted by a hausa okadaman following one way. I can sight many more incident which i am aware of, the most painful part is you cant rebuke any one of the one way hausa okada men if they injure anybody, this is because they come in thousands to fight.

I think this is what led to the decison Agiliti youths took by stoping all Okada ridders from coming to Agilti community. When the Hausa okada men heard of the development, they decided to fight at them which caused the serious trouble that started today.

As I'm reporting this incident, Many houses have been burnt in Agiliti, and many people killed by the hausa men, the police on ground in the morning around 10am did not take any serious action to stop the chaos.

Not Until Governor Ambode sent in more policemen and Army Men from the State to come and rescue the situation around 2.00pm. Many arrest has been made and the situation is a bit calm.

Chaos in Oshodi As Thugs/Cultists Go On Rampage.

There was chaos at Bolade area in Oshodi, Lagos this morning after two local cult groups went on rampage, destroying properties in the area. The cultists are reportedly fighting over the chairmanship of the Oshodi motorpark. The police are working to restore normalcy in the area. There's another version of the story that claims thugs are fighting for supremacy...

Festus Keyamo Says Ese Oruru Should Be Allowed To Marry Yinusa If She Is Indeed 17 And Insists On Being With Him

See the tweets Festus Keyanmo posted On his Twitter Handle.

Arsenal Signs Nigerian Player Kelechi Nwakali for £2million

Kelechi Nwakakli has been in London for over a month trying to sort out a deal with Arsene Wenger's team. He has now put pen to paper after passing a club organized trial, with his academy Diamond Football Academy, set to receive over £2m as training and development fee.

His representative has confirmed the transfer of the 17 year old Under 17 World Cup star is a done deal and that the London club has agreed a 5-year contract with the Nigerian boy who was nominated for the 2015 CAF Youth player of the year.
‘Kelechi has signed a five-year deal with Arsenal,’ his agent Klay Ekeocha told Sports Day. ‘I won’t be able to mention the exact transfer fee but it is above £2m.’

Atiku Abubakar Visit His Driver Who Was Involved In A Car Accident

Former Vice President, Atiku Abubakar paid a visit to the hospital where his senior driver was receiving treatment after he had a car accident on his way to Lagos on official duty.

We have paid Sunday Oliseh,So We Are Ready To Meet Him In Court - NFF

The Nigeria Football Federation says they are ready to meet Sunday Oliseh in court after the ex-Super Eagles coach said he is meeting with his lawyers to discuss a legal move after claiming he is being owed salaries by the football body.

Sunday Oliseh resigned from his post on Social media on Friday and the NFF said they had paid him backlog of salaries totaling N20m on the 23rd of February through a Sterling Bank account before he resigned.
But Oliseh's lawyers gave the NFF 48 hours beginning from Monday to retract their comments or they would take them to court.

'The NFF is not bothered by such threats. He can go to court. Oliseh is not the only one who has lawyers. The NFF has a legal department and it is ready.'' Ademola Olajire, Head of Comunication  Department of the NFF said.

As Obasanjo, Ben Bruce, Others Attend 80th Birthday Celebration Of FMR PDP Chairman, Ahmadu Ali

Former PDP Chairman, Ahmadu Ali, celebrated his 80th Birthday yesterday March 1st. Ali was the party's chairman from 2005-2007. Former President Olusegun Obasanjo, Senator Ben Murray-Bruce, Senator Andy Uba and others were at his birthday celebration. View more pictures below.

Seyi Sodimu Celebrates Daughter's Birthday By Feeding The Homeless

The Love Me Jeje crooner shared the pictures and wrote;
"I asked my daughter Tomi Simisola who is at school in George Washington University, what she wanted for her birthday because, this time it is special. It only comes once in four years, and I wanted to do something special for her. But she told me instead of a party, she wanted to feed the homeless and less priviledged. So we did. It was a humbling experience to say the least. and I am very glad we did. I will surely do this again and more often I love you kid stay blessed." See the pictures after the cut...

Police Hand Over Ese To Parents; Dad Says She’s Hypnotised,Taking HerTo TB Joshua

Police authorities in Abuja yesterday night said Ese Oruru, freed Monday, will now be officially handed over to her mother, Mrs. Oruru, today.

14 years old Ese Rita Oruru was brought to Police headquarters at Louis Edet House at about 12. 55pm amid tight police protection.Her dad, Mr Charles Oruru, however disclosed that he has concluded plans to seek spiritual assistance from Lagos cleric, Pastor T.B. Joshua, founder of The Synagogue Church of All Nations (SCOAN).

Ese would have been handed over to her mother yesterday, but for inability of the woman to arrive Abuja by 8.00p.m. last night as she travelled from Yenagoa, Bayelsa State by road.

She was immediately ushered into the office of the Force Public Relations Officer, Assistant Commissioner of Police, Olabisi Kolawole, for what sources said was a debriefing exercise.

Also arrested and brought to Abuja by a Special Police team from Zone 1 headquarters, Kano, led by an Assistant Commissioner of Police, was the abductor of Ese, Yunusa, alias Yellow.

Both the abductor and the abductee were escorted by three representatives of the Emir of Kano to brief the police authorities about the roles the Emir and Kano Emirate Council played in getting Ese released.

At exactly 1 25pm, the Force Public Relations Officer was seen leading the freed Ese Oruru to the office of the Inspector General of Police for further briefing.

Attempts by newsmen to talk with Ese were rebuffed as the FPRO assured that as soon as Ese’s mother, who was being expected from Bayelsa arrived, the Police will brief the media on the matter by 4 pm.

Recall that Ese was abducted by one Yinusa, from her mother’s shop in Yenagoa Local Government Area of Bayelsa State on August 12, 2015, and whisked away to Kano State without the consent of her parents. She was as rescued  Monday night, following a directive by the Inspector General of Police, Solomon Arase, to the Commissioner of Police, Kano State, Mohammed Katsina, to liaise with the state’s Emirate Council and relevant persons in the state.

Micho Emerges Hot Favourite For Super Eagles Job

It appears the Nigeria Football Federation (NFF), have decided on Sredojevic Milutin alias Micho, to become the new permanent coach of the Super Eagles.The NFF, have already opened talks with the Serbian, who is currently working as coach of Uganda’s national team since the African Nations Championship in January this year.

Technical Committee chairman, Chris Green, met with Micho in Rwanda and it is believed that the former Rwanda and Orlando Pirates manager, will be heading to Nigeria, when the two-match mandate given to Samson Siasia and his assistants expires.

“Green met with Micho at CHAN and it is like it is already a done deal. The plan was to appoint Shuaibu Amodu for the Egypt matches and after those games, a substantive foreign coach will be named with Micho in pole position,” a top official disclosed to MTNFootball.

“But Amodu declined the post because he is hypertensive and so the temporary arrangement of Siasia and co, who have been told they will revert to their previous posts after the matches against Egypt.”
Another source added: “Micho’s representatives have told me they have established a link with the NFF for quite some time now.

Popular Nollywood Actress Responds Back To Fans Asking Her To Get Married

Pretty actress Daniella Okeke replied fans who have telling to go and get married, see her reply on her istagram page. 

FIFA Honours Lille Metropole’s Nigerian Goalkeeper Enyeama

World football governing body FIFA has honoured Lille Metropole’s Nigerian goalkeeper Vincent Enyeama for his heroics with the French club in Ligue 1.

Enyeama, who recently made his 100th Ligue 1 appearance for ‎Lille Metropole received his award from FIFA on Tuesday and took to Instagram to express his delight. In his words, he said: “This is how goodness and mercy will follow you all this month of March. First day of the month, FIFA got me a trophy for hardwork, dedication, success.”

“Thank you @fifa. I want to wish everyone reading this message a wonderful month of March. God did it for me. God will do it for us,” he wrote under a photograph of himself with a plaque.

Enyeama has been influential for Lille Metropole this season conceding just 20 goals in 25 games in addition to 49 saves.