So why is Nigeria a MINT country?
It's one of the MINT countries which are supposed to be replacing the BRICs as key nations to invest in. It's also challenging South Africa as the top African economy. Caira Sutton looks ...
Saturday, February 8, 2014
So Why is Nigeria a MINT Country?
So why is Nigeria a MINT country?
It's one of the MINT countries which are supposed to be replacing the BRICs as key nations to invest in. It's also challenging South Africa as the top African economy. Caira Sutton looks ...
Friday, February 7, 2014
Berlin Film Festival Opens With Late Actor Hoffman A Noted Absence
Berlin Film Festival Opens With Late Actor Hoffman A Noted Absence
The death of celebrated American character actor Philip Seymour Hoffman of an apparent drug overdose dampened the opening on Thursday of the 64th Berlin film festival where director Wes Anderson's comedy "The Grand...
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Thursday, February 6, 2014
The Relationship Between Atlantic Energy Drilling Concepts and Nigerian Petroleum Development Company
TEMPLARS MEDIA STATEMENT
THE RELATIONSHIP BETWEEN ATLANTIC ENERGY DRILLING CONCEPTS AND NIGERIAN PETROLEUM DEVELOPMENT COMPANY
1. On the instructions of our client, Atlantic Energy Drilling Concepts Nigeria Limited (Atlantic Energy), we are constrained once again, following recent comments by the Governor of the Central Bank of Nigeria (CBN) Mallam Sanusi Lamido Sanusi, to set the records straight regarding the nature of the relationship between NPDC and Atlantic Energy.
2. At the resumed hearing by the Senate Committee on Finance on 4 February 2014 on the non-repatriation of oil revenue to the Federation Account, the CBN Governor, while making his submissions to the Committee stated inter alia as follows:
“We have held the position that some of the crude shipped by NPDC is shipped from oil wells that belong to the Federation. JV’s that Shell went out of which NNPC took over and handed over to NPDC which then handed over to two Nigerian companies, Atlantic Energy and Seven Energy and transferred revenue that should come to the Federation to private hands”
3. This unfortunate and misleading statement totally mischaracterizes the relationship between Atlantic Energy and NPDC. It is indeed cause for grave concern that despite Atlantic Energy’s past efforts to clarify, in the public domain, the nature of its relationship with NPDC the facts of this matter continue to be deliberately distorted by otherwise knowledge persons.
4. In the interest of accuracy and for the benefit of the public it is necessary, even at the risk or repetition, to clarify as follows:
a. In 2011, Shell Petroleum Development Company (Shell), Total E&P Nigeria Limited (Total) and Nigerian Agip Oil Company (Agip) divested their interests in OMLs 26, 30, 32 and 42 (the “Diversted OMLs”) to various Nigerian companies.
b. Around the same time, the NNPC simultaneously exercised its rights under the joint operating agreements (JOAs) governing the Divested OMLs and assumed operatorship of the OMLs. The NNPC subsequently assigned its interests in the Divested OMLs as well as its new role of
operator to its subsidiary NPDC.
c. In May 2011, NPDC entered into a Strategic Alliance Agreement (SAA) with Atlantic Energy in relation to the Divested OMLs. Under the SAA, Atlantic Energy has undertaken to, among other things, provide NPDC with required technical capacity, assist NPDC in funding its share of the costs of petroleum operations through payment of its cash call obligations, and also provide technical training to NPDC’s staff. In return for the foregoing, Atlantic Energy simply receives remuneration from the NPDC and does NOT have any ownership interest of any kind whatsoever in the Divested OMLs.
d. For the avoidance of doubt, the SAA model is not uncommon in the oil and gas industry. Indeed, it has been successfully adopted in Malaysia, China and Iran as a tool by national oil companies like NNPC to meet cash obligations as well as to develop technical capacity.
e. Nothing in the transaction between NPDC and Atlantic Energy involved the transfer or handover by the NNPC or the NPDC of any portion
whatsoever of NPDC’s 55% participatory interest in the Divested OMLs to Atlantic Energy.
f. Atlantic Energy has made investments in hundreds of millions in the relevant OMLs including the payment of the entry fees prescribed by the SAAs.
g. Among other significant investments and contributions, Atlantic Energy has in furtherance of the SAAs, invested in a number of key projects including the upgrade of the OML 34 area to a 360 million standard cubic feet of gas per day producing facility. This all important plant is the single largest gas supply facility for the Escravos-Lagos pipeline system which distributes critical gas feedstock to power plants in
South East Nigeria and to a number of countries in the West African region.
h. The production optimization activities and infrastructure improvements initiated by NPDC and Atlantic Energy following the SAAs have arrested production declines in the underdeveloped fields comprised in the relevant OMLs, thus resulting in increased production year-to-year.
i. Furthermore, on account of Atlantic Energy’s contributions, NPDC has recorded significant step-change progress in understanding the subsurface reservoirs and surface facilities in the areas comprised in the relevant OMLs, thus resulting in a 200% increase in certified reserves and of 200 million barrels of crude oil in new field development plans.
j. In return for the enormous obligations assumed by Atlantic Energy, the SAA explicitly confer on Atlantic Energy the entitlements to receive
remuneration-in-kind from the NPDC.
These are the facts of the matter and we trust that members of the public shall be guided accordingly.
SIGNED
MANAGEMENT
TEMPLARS (LAW COMPANY)
Victoria Island, Lagos.
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Tuesday, February 4, 2014
Chief Igbinedion, the Esama of Benin Kingdom Lauds Lancelot Imasuen's Epic Film "Invasion 1897"
Mike Omoreigbe who played the lead role as “Oba Ovoramwen”, Chief Gabriel Osawaru Igbinedion, the Esama of Benin Kingdom and Lancelot Imasuen.
Chief Igbinedion, the Esama of Benin Kingdom Lauds Lancelot Imasuen's Epic Film "Invasion 1897"
On Sunday February 2 2014,lancelot Oduwa Imasuen the producer/director of "Invasion 1897" and the leading stars Mike Omoregbe, Ehinwema Nosa and writer Ossa Earlice paid a courtesy visit to the home of one of the great citizens of Benin Kingdom in Edo State his excellency Chief Gabriel Osawaru Igbinedion, the Esama of Benin Kingdom as part of the efforts to increase the cooperation and support for the local and international premieres of the epic film.
Chief Igbinedion lauded the effort of the filmmaker saying: "Lancelot Oduwa Imasuen, I have enormous respect for having thought of bringing a great story like this to greater limelight, because in Benin, we do not write history, we make history." He further opened the doors of his media houses, ITV and Radio, Benin and Abuja in support of this noble and just cause for the restoration of the dignity, integrity and nobility of the great heritage of Benin Kingdom as the pride of Africa in the world.
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Monday, February 3, 2014
Nollywood Digital:The Nollywood Digital Revolution in Motion!
For the first time in the Nigerian film industry, I have launched Nollywood Digital, to connect the filmmakers, cinematographers, photographers, broadcasters and marketers to the knowledge base of digital media technologies of the manufacturers and also to bridge the wide communication gap between them.
Nollywood Digital focuses on digital film production and digital distribution of Nollywood movies in all genres for the promotion of accessibility to the latest developments in digital cinema technology to improve the quality of the movies and increase the appreciation of Nollywood to boost the Nigerian film industry in the world.
Visit the Nollywood Digital Blog on http://nollywooddigital.com/wordpress/.
Nollywood Digital Logo designed by Daniel Kale of IDEA & IMAGE Limited, Lagos, Nigeria.
Tel: 234 805 350 9116
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Thursday, January 30, 2014
Happy Birthday Pastor Adeolu Adeboye
Happy Birthday Pastor Adeolu Adeboye and it is great that we are birthday mates.
God deserves all the Glory for great things HE has done and HE is still doing in our lives for the manifestations of the sons of God in our generation. I wish you many happier returns of the day with longer life and more prosperity in the abundance of the infinite grace of JEHOVAH GOD. Cheers.
For the earnest expectation of the creature waiteth for the manifestation of the sons of God.
~ Romans 8:19
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Wednesday, January 29, 2014
We Don't Need Leaders Who Are Title Chasers, But Nation Builders
~ British historian Lord Acton.
I thought that he would be a responsible leader, but within a year of taking office, he was as bad as all the rest. Absolute power corrupts absolutely.
Political jobbers and political contractors are the worst kind of politicians and they are in majority in Nigeria and they have no conscience and no shame.
They are the title chasers who have been causing the destruction of lives and properties in their desperation for power. And we don't need such political leaders, because what we need most are nation builders who will lead the populace in the nation building of a New Nigeria in the leadership of Africa in the world.
~ By Ekenyerengozi Michael Chima
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Tuesday, January 28, 2014
Miss Fair and White Gold Beauty Contest Takes Lagos by Storm
MISS FAIR AND WHITE GOLD BEAUTY CONTEST TAKES LAGOS BY STORM
~ By Ingram Osigwe
A sublime and novel kind of pageantry is about to break in Lagos with a brilliance and surreal excellence that will create a new distinct class for itself among beauty contests. Powered by the Bozac Group, it is themed: “Miss Fair and White Gold 2014”.
Miss fair and White Gold is programmed to be an annual contest that will select the brand face for the Fair and White Gold Ultimate line of beauty products and cosmetics. Fair and White Gold comes in a complete line of 13 exceptional skincare, face and Body, day and night formulae for the contemporary Nigerian woman who desires the best skincare in the world. Manufactured in France by Labo Derma beauty research facilities, they are specially formulated for all African skin types, from light, to chocolate and ebony, cutting across all skin textures and ethnic systems. The line covers special beauty treatments and formulae for cleansing and exfoliation to, fading and brightening, as well as hydration and protective skincare treatments, to meet all skincare needs and challenges of the modern Nigerian woman.
To quote the managing director of Bozac Group, Mr. Patrick Chibueze “the essence of the contest is to showcase the ability of Fair and White Gold line of cosmetics to transform the average woman into a paragon of virtuous beauty and glamour and, and to sustain their beauty with the most naturally effective organic range of beauty care products, without any obtrusion into their God given skin biological profiles”.
According to him, the Fair and White Gold Range are all formulated with organic ingredients and natural emollients that cleanses, tones, rejuvenates and protects the African Woman’s skin, revealing its natural beauty and sheen and keeping it fresh and supple despite harsh weather conditions and ultraviolet radiation.
The Miss fair and White Gold who will serve as the brand ambassador will be unveiled to the Nigerian public on the 13th of February (Valentine’s eve) at the Civic Centre in an event that will lend a new definition to the words pomp and pageantry. The event will equally afford the company the opportunity to launch for the first time a complete line of 13 exceptional skincare, face and Body, day and night formulae .
The pageant promises to showcase the most beautiful young women in Nigeria with three of them coming out tops to clinch the winning prizes.
§ The First prize is a brand new Nissan 2013 Rogue and a Diamond Studded, Russian Jewel Crafted Swarovski Wristwatch
§ 1st Runner-Up will be a Diamond Studded, Russian Jewel Crafted Swarovski Wristwatch and N250,000 cash Prize
§ 2nd Runner Up will be a Diamond Studded, Russian Jewel Crafted Swarovski Wristwatch and N150, 000 Cash Prize. Application is hotly ongoing by lovely young women all over the country.
Application is absolutely free. However; applicants are advised to use professionally shot images only. Contestants are to apply at http://www.missfairandwhitegold.com with two pictures, one portrait and one full length
~ Ingram Osigwe is the media Consultant to Bozac Group
MD/CEO Fullpage International Communications Limited Mobile: +2348034107643; +2348020553131; +2348073916641
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Monday, January 27, 2014
Euronews to Launch Africanews, 1st Pan-African Multilingual News Channel in Congo Brazzaville
PRESS RELEASE
Euronews to launch Africanews, 1st Pan-African multilingual news channel, in Congo Brazzaville
Euronews will bring to Africa its unique know-how as a multi-lingual and multi-cultural news channel, broadcasting around the clock
LYON, France, January 27, 2014/ -- In 18 months time, Euronews (http://www.euronews.com) will have a sister channel in Africa. In partnership with the national television channel of the Republic of the Congo, Euronews will bring to Africa its unique know-how as a multi-lingual and multi-cultural news channel, broadcasting around the clock. Starting with English and French, and then adding other languages widely-spoken on the continent, Africanews aims to become the first Pan-African rolling news channel. The headquarters will be in Brazzaville and regional offices will be set up across the continent. Africanews will adhere to the same editorial charter as Euronews, guaranteeing its independence. The two networks will share their news, creating a synergy that will give Africa its rightful place in the world of news and give the world the latest news from the continent.
Michael Peters, CEO of Euronews S.A., and Jean Obambi, Managing Director of Télé Congo, signed on Saturday 25 January in Congo Brazzaville a cooperation agreement for the launch of a Pan-African news channel to be known as Africanews. Under the auspices of the President of the Republic of the Congo, Mr. Denis Sassou Nguesso, they formalised the partnership that will lead to the launch in the summer of 2015 of a bilingual news channel in French and English, to be followed by other major languages of the continent (Portuguese, Arabic, Swahili, etc.). The headquarters will be in Brazzaville and regional offices will be set up across the continent.
Euronews, the top news channel in Europe, has developed a unique know-how in broadcasting. The channel produces 13 different language versions, 24/7. Its programmes are created by a newsroom of more than 400 journalists of 30 nationalities, and reach 400 million households in 155 countries.
At the signing of the agreement for Africanews, Michael Peters stated:
"Twenty 20 years after the launch of Euronews, we are breaking new ground in the world of news. Since 1993, Euronews has covered global news from a European perspective, speaking to viewers in their language. The company's multinational shareholder base gives the channel the independence and the means to inform viewers without promoting any particular viewpoint. Its global success in terms of viewer numbers is proof of the channel's professionalism and its ability to integrate diversity.
Euronews has the experience, the reputation and the resources necessary to convey this model which respects the values and value of different cultures. It is precisely this model of tolerance in a world of diversity that we hope to share with Africa, via Africanews, the first independent and multilingual news channel on the continent.
Africanews is different from existing channels because it aims to give Africa its rightful place in the world of news and to give the world the latest news from the continent which is itself a news market, in the same way and at the same level as other regions of the world.
Our strategic and highly ambitious project will not be a mere African "window" made by Euronews, as most international news channels do, but rather a full-fledged Pan-African network, with editorial choices made by Africans for an African audience.
To develop this project, we were lucky to have the help of Stephen Smith, a recognized specialist on Africa (see below: Stephen Smith and Africanews). Stephen, former Africa Editor for two French daily newspapers Libération then Le Monde, is providing advice and recommendations for the editorial and strategic aspects of Africanews.
The public television channel Télé Congo decided to join us in this adventure. Our teams will now begin the preliminary studies and organisational work to be ready to launch Africanews in 2015.
We take great pride in announcing this emblematic cooperation project and we are eager to launch this new player on the world media scene," he added.
What will Africanews be like?
Africanews will produce news content focused on Pan-African news, for its television channel and related products, both linear and non linear (see below: Africanews in other media formats).
Africanews will have a team of 40 professional journalists and technicians based in Brazzaville, covering sub-Saharan news thanks to its regional offices and a vast pool of correspondents around the continent.
As soon as the channel begins broadcasting, flagship programmes and special reports will help give Africanews its truly African identity.
Africanews will freely choose, use and adapt the international news content produced by Euronews to create programmes for its own viewers. In the same way, Euronews will be able to pick up productions from its sister channel in Africa to round out the programmes it broadcasts around the world. Thanks to this synergy, Africa will benefit from wider international exposure as it becomes a key feature in the Euronews editorial line-up.
In keeping with the Euronews model, Africanews will be available from the start in both French and English. The goal is to then expand to include the other widely-spoken languages in Africa (Portuguese, Arabic, Swahili, etc.), making it accessible to the largest number of African viewers.
The news teams at Africanews and at Euronews in Europe will adhere to the same editorial charter.
For all of its news teams, Euronews is the absolute guarantor of editorial independence and is responsible for the hiring of journalists; it continually monitors full compliance with the editorial charter.
Will Africanews be available in other media formats?
The content of Africanews will benefit from the extensive know-how of Euronews, making it as widely and easily accessible as possible for all types of users.
Starting with linear formats, offering TV broadcasts 24/7, live streaming of the channel on the internet, and then with live mobile applications and perhaps digital radio programmes.
The non-linear formats will start right away with the websitehttp://www.africanews.com and then gradually move into specific mobile applications, following the latest trends in media consumption on the continent.
For example, Euronews, at the cutting edge of mobile applications, has been selected by Nokia to be included in its new operating system, S40, soon to be released in Africa, one of the most dynamic markets for mobile phones.
Africanews will be accessible to a large number of people on the continent thanks to rebroadcasts by local partners and operators, with the support and expertise of Euronews' international teams.
What is the business model for Africanews?
Africanews will be based on a model financed by advertising. It will then be able to develop by adding new public and private partners, in particular for the set-up of its regional offices around Africa and for adding new languages.
Advertising opportunities on Africanews will enable African and international advertisers to reach the African audience via a complete communication package: advertisements spread across the 24-hour schedule will cover all time zones and all formats including Africanews.com and then mobile applications, along with opportunities for sponsorship of TV and key online programmes (business, special reports, weather...) or linked to business and cultural events covered by the Africanews team of journalists.
Stephen Smith and the Africanews project
Recognised around the world for his expertise in African affairs, Stephen Smith supported Euronews from the very beginning of this ground-breaking project to develop an African media network. He worked with the Euronews management team in all phases of building the project. His advice and recommendations range from editorial aspects to strategy for Africanews. In close coordination with the Euronews teams, Stephen Smith will participate in creating the channel and ensuring its future development.
Stephen Smith, an American journalist, is most noted for his work as Africa Editor for Libération (1988-2000) and then for Le Monde (2000-2005), having earlier served as African correspondent for Reuters and RFI. He has written some 15 books and academic publications on the subject of Africa and, since 2007, has taught African Studies at Duke University in the United States.
Distributed by APO (African Press Organization) on behalf of Euronews S.A.
For further information, please contact:
Grégoire Olivero de Rubiana
Director of External Relations
tel. +33 (0)6 60 69 30 34
Lydie Bonvallet
Head of Press and Public Relations
tel. +33 (0)4 72 18 80 56
About Euronews
Europe's most-watched news channel, Euronews (http://www.euronews.com) provides rolling coverage of world news. Thanks to its 400 journalists from over 30 countries, the channel is available 24 hours a day in 13 language services (Arabic, English, French, German, Greek, Hungarian, Italian, Persian, Portuguese, Russian, Spanish, Turkish and Ukrainian). An independent media hub, Euronews offers a unique perspective on, and factual analysis of, current events. Founded in 1993 in Lyon, France, the channel can be watched in 400 million homes in 155 countries, and delivers a complete range of products (websites, mobile applications, smart TV, radio, etc.).
Follow the trends and euronews teams on Twitter: @euronews_inside
Download our apps!
SOURCE
Euronews S.A
Chief Willy Obi (Odinanwa) Conferred With Agbarusia Ngele
On Saturday, December 28, 2013 Chief Willy Obi, (Odinanwa), the Executive Chairman of Obison Homemate Explorers Limited & PANDA Events Centre Sabo – Yaba was conferred with a new title, Agbarusia Ngele of Akokwa, by His Royal Highness, Eze (Sir) Ikenna C. Okoli (KSC), Okoli V, Agbakwuruibe III, the 11th Obi of Akokwa.
The ceremony which took place at the palace of the Obi was part of the celebration of the Odu-Obi Festival 2013.
Guests of the new Agbarusia Ngele of Akokwa were hosted to a grand reception at Obison Villa at Owerre-Akokwa.
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