NAIJAFEED

Tuesday, July 7, 2009

Nigeria lost 589,000 barrels of crude oil per day in the last two months

The Nigerian militant attacks on oil facilities in Nigeria have lead to the country's drastic cut in oil production. It's been reported by the Group Managing Director of the Nigerian National Petroleum Corporation Mr. Mohammed S Barkindo that 12 oil facilities attacked by the militants caused the shut down of 589,000 barrels per day in two months. He mentioned that the situation is getting out of control and that all major oil companies operating in the Niger Delta have been hit by the militants.

Daily Trust

Related story: Oil War

Oil prices drop to around $64. a barrel despite militant attacks in Nigeria

After the barrage of attacks by Nigerian militants in the Niger Delta on major oil facilities. The price of oil surprisingly dropped from an 8 month high of $73 a barrel last week to around $64 a barrel this week as unimpressive unemployment figures showed that America and Europe will not be making an economic recovery as soon as expected.

Head of sales trading for Saxo Capital Markets in Singapore shared these comments on the economy:

"It's not looking pretty in terms of economic data, the demand side fear is coming back into play."

"More and more people are becoming convinced we won't see a full-blown recovery any time soon."

Some other analysts still expect the prices to rise again on signs that the worst of the economic slowdown will soon be behind us. Gerard Rigby, an energy analyst at Fuel First Consulting in Sydney said "I think the market will look for some positive news and head back up toward $70, there's been some profit taking in the last week, but I don't think there was a real change in sentiment."

allAfrica The herald bulletin

Wall Street reports Nigerian militants will attack Trans-Sahara pipe if built

Styl-Plus Return

Their smash hit single 'Olufunmi' was responsible for putting Nigerian pop music on the global map. Now the R&B trio are making a come back to the mainstream!

Styl-Plus recently performed for the president of Sierra Leone to celebrate the country's independence day and their performance reportedly brought the house down. This current success has certainly set a precedence for a resurgence of the group that started it all in Nigeria.

According to their manager,the group plans to be moving to Lagos, Nigeria in a few weeks, they plan to stage a concert in Lagos currently titled 'Styl-Plus and Friends' to mark their move to the city. The manager also mentioned that they are working on a new album.

This Day Online

P-Square landlord misbehaving

Nigerian drug enforcement agency arrest 50 year old woman with 585g of cocaine

As 50 year old Akormadu Florence was about to board a KLM flight at the Mallam Aminu Kano International Airport in Nigeria, she was arrested by operatives of the National Drug Law Enforcement agency on suspicion she might have drugs on her. They were right, as she was kept under observation by the operatives, she excreted 42 wraps of cocaine, weighing 585 grammes.

Mr. Sumaila Ethan who is the area commander of the special unit of the National Drug Law Enforcement Agency (NDLEA) disclosed that drug traffickers have come up with new tricks to out maneuver NDLEA agents by abandoning their luggage as unclaimed at the airport, then storming the airline office to claim the same consignment at a later date.

Ethan added "The drugs were packed in a bag and left unclaimed among others, and no sooner the bags were about to be taken to the Egypt Air office than NDLEA operatives insisted in searching them, during which a bag, which tag was believed to have been removed to conceal the identity of the trafficker was searched and the drugs was discovered."

Ethan also made this statement to deter future drug traffickers "Let me warn that Kano Airport is a no-go area. My officers have been placed on alert to foil any move drug barons may make to ferry their drugs through the airport, as all loop holes have been blocked."

AllAfrica

Nigerian executed in China

Nigerian drug trafficker excretes $87,373 worth of cocaine

Monday, July 6, 2009

R Kelly performing in Nigeria photo gallery

Over the weekend, fans at the R Kelly concert in Nigeria definitely didn't forget to bring their cameras, phones and other cool gizmos kids carry around these days, as they went snapping away happily during R Kelly's show at the This Day Music Festival. Click on the thumbnails up top for a closer look.

R Kelly video interview on first trip to Africa

Femi Kuti answers 3 sensitive questions about Africa