Monday, May 30, 2016

Video - The technology ecosystem in Nigeria

Video - Has President Buhari delivered on his promises

A year of triumph, consolidation, pains and achievements is how Muhammadu Buhari describes his first year in office.In an anniversary speech on Sunday, the Nigerian President promised to boost the economy, eliminate corruption, build roads and bridges and defeat Boko Haram.They are similar to the pledges made in his presidential election campaign.Buhari inherited several problems from the previous government when he took over a year ago.Since then, a new threat has emerged, which is attacking the heart of the economy.The Niger Delta Avengers are an armed group sabotaging pipelines in southern Nigeria, home to most oil and gas fields.The Avengers are demanding more of the national oil revenue to benefit the population of the poor and polluted Delta region.How will he deal with the threat and the many problems Nigerians face?Presenter: Martine DennisGuests:Lai Mohammed, Nigerian Minister of Information.Donu Kogbara, Nigerian journalist and former member of the Presidential Committee on Oil & Gas.Manji Cheto, Nigerian security consultant and political risk analyst.

Friday, May 27, 2016

Video - Nigeria's currency falls to N350 per dollar in parallel market

Earlier this week, Nigeria's Central Bank said it would set up a more "flexible" exchange rate policy, but so far the details of how it will be implemented, are not clear. On Thursday, the Central Bank told currency traders to submit bids for dollars at the current, fixed rate of 197 Naira to the Dollar.

Video - The cake master of Lagos, Nigeria

A young Nigerian is causing quite the stir in the country with his unique cake designs. Kema Abuede is popularly known as the "Cake Priest", and he got into the industry after failing to secure an admission to a polytechnic to study mass communication.

Nigeria Delta Avengers attack oil facility, vows to "shock the world"

Niger Delta Avengers, the new militant group that has launched multiple attacks on oil and gas installations in the Niger Delta region, has struck yet again.

The group announced its latest assault on Friday, saying it blew up a gas and crude trunk line belonging to the Nigerian National Petroleum Corporation, NNPC, in Warri, Delta State, late Thursday.

The Avengers announced the attack via its Twitter handle.

The group said that the facility was “heavily guarded” by the Nigerian military, in an apparent attempt to mock the Nigerian armed forces’ capacity to check its activities.

“At 11:45pm on Thursday.@NDAvengers blew up other #NNPC Gas and Crude trunkline close to Warri. Pipeline that was heavily guarded by Military,” the group tweeted.

The NNPC is yet to comment on the attack. Its spokesperson, Garbadeen Mohammed, told PREMIUM TIMES he was still collating information on the incident.

The group rejected a meeting recently convened in Abuja by the federal government, warning of its readiness to carry out an attack that will “shock the whole world”.

“The Niger Delta stakeholder’s meeting is an insult to the people of Niger Delta. What we need is a Sovereign State not pipeline Contracts.

“To the IOC’s, Indigenous Oil Companies and Nigeria Military. Watch out something big is about to happen and it will shock the whole world,” the group said.

The new group has launched several attacks on oil and gas infrastructure since February 2016, demanding a sovereign nation of the Niger Delta people.

On Thursday, the group claimed responsibility for another attack on a gas pipeline belonging to Chevron in Delta state.

“We warned Chevron, but they didn’t listen. NDA just blew up the Escravos tank farm main electricity feed pipeline,” it said.

The militants said the oil facilities were sabotaged following attempts by Chevron to carry out repairs of main Escravos crude oil pipeline it blew up earlier.

A spokesperson for the group, Mudoch Agbinibo, had earlier this month warned the Nigerian government of further attacks if their demands were not met.

Last week, Chevron’s Makaraba crude oil line was attacked on the offshore Okan manifold in the region.

The attack followed previous ones on the company’s facilities at Abiteye, Utunana and Makaraba platforms in Warri South-West area of Delta State resulting in the loss of over 40,000 barrels of oil per day.

The Management of Chevron Nigeria Limited declined comments on Wednesday’s attack.

Sola Adebawo, manager communications and government relation at CNL said the oil firm would not immediately comment.

“We are not able to comment at this time,” Mr. Adebawo said in a text message on Thursday.

Residents in the area said that an explosion occurred on Wednesday night.

Eric Omare, Spokesman for Ijaw Youths Council confirmed the incident but did not provide details.