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Leading African investment company, Heirs Holdings, has acquired 45 percent participating interest in Nigerian oil licence OML 17 and other assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In a statement on Friday, the company said one of its subsidiaries, TNOG Oil and Gas Limited would have sole operatorship of the asset.    The statement also stated that the transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of $1.1 billion, provided by a consortium of global and regional banks and investors.  According to the statement, the investment demonstrates a further important advance in the execution of the company’s integrated energy strategy and the group’s commitment to Africa’s development through long-term investments that create economic prosperity and social wealth. It partly read, “OML 17 has a current production capacity of 27,000 barrels of oil

Femi Adesina The Special Adviser to the President on Media and Publicity, Femi Adesina, has said Nigerians who fail to commit the security situation of the country into the hands of God could be guilty of indirectly prolonging the war against insurgency. Adesina disclosed this in an article on Thursday titled, ‘The Decent for the Indecent, the Just for the Unjust’. Femi Adesina The presidential spokesman said rather than understand the fact that only God can give victory, some Nigerians had become wailers. He said, “But victory is from God alone. That is what we must realise as Nigerians. Do we ever pray for our troops in the frontlines? Do we remember those youths, our pride, and strength, faced by death daily, as we sleep in the comfort of our homes, ensconced in the tender bosom of our wives. “As we pray; God give me money. Give me a car. Give me a promotion. Kill my enemies. Do it now. Do we ever remember our soldiers? Ere you left your room this morning, did you think

A 59-year-old man, Komolafe David, has alleged that a policeman brutally assaulted him and seized his phone after he asked to sit beside the officer in a bus. David, who identified himself as a Deacon of The Apostolic Church of Nigeria, narrated his ordeal before the Lagos State Judicial Panel set up to probe police brutality and other related matters, on Friday. thecable He said, “The last three days in the year 2010, my church, The Apostolic Church of Nigeria, organised a three-day early morning prayer. I already attended the first day, and the 30th was the second day. I was coming to attend the prayer meeting. I joined a coaster bus at Mile 2. Upon entry, the bus was full; the only available space was where this policeman was sitting, and I politely asked him to move. “I was surprised at the sudden rude and violent response from him. Politely, the second time, I told him the seat was large enough to take the two of us, but he responded violently. The driver decided to sto

An international broadcast journalist, Hannington Osodo, has dragged Nigeria’s former Vice President and owner of Gotel Africa Media Limited, Alhaji Atiku Abubakar, before the National Industrial Court (NIC) in Lagos. Osodo accused Atiku of owing him and others so many months unpaid salaries after breaching contracts they had with his company as consultant, and the suit filed on the journalist’s behalf by his counsel, Olumide Aju, a Senior Advocate of Nigeria, is praying the court to order the company to pay him the claim. January 27th has been fixed for hearing of the case. Others allegedly affected include David Guinan, Ebong Udoma, William Chu, Devon Petley, Susie Iliyan, Teddy Vuong, Kostas Sergiadis and Richard Spiropoulos.  SaharaReporters had last year exposed how Gotel failed to pay the expatriate workers for several months in breach of their contracts. The workers who were all hired between late 2014 and early 2015 revealed that they left Nigeria hapless and with o

Illustration Nigeria’s Minister of Health, Dr Osagie Ohanire, has said the country will receive 10 million doses of coronavirus vaccine in March. In a statement on Thursday, the minister said the 10 million doses were in addition to 100,000 expected doses of Pfizer vaccine. Illustration However, the statement did not specify the type of vaccine the 10 million doses would be or if the batch would be financed by the African Union or as part of COVAX, which links the World Health Organisation with private partners to work for pooled procurement and equitable distribution. Nigeria has officially reported some 104,000 COVID-19 cases, out of which 1,382 have been fatal. The country has a population of around 200 million so the reported COVID-19 figures are believed to be lower than the true situation, especially with its low testing. With the second wave of the pandemic, cases have risen sharply since the end of November, notably in the economic capital Lagos, a city of about 20

Illustration Nigeria’s Minister of Health, Dr Osagie Ohanire, has said the country will receive 10 million doses of coronavirus vaccine in March. In a statement on Thursday, the minister said the 10 million doses were in addition to 100,000 expected doses of Pfizer vaccine. Illustration However, the statement did not specify the type of vaccine the 10 million doses would be or if the batch would be financed by the African Union or as part of COVAX, which links the World Health Organisation with private partners to work for pooled procurement and equitable distribution. Nigeria has officially reported some 104,000 COVID-19 cases, out of which 1,382 have been fatal. The country has a population of around 200 million so the reported COVID-19 figures are believed to be lower than the true situation, especially with its low testing. With the second wave of the pandemic, cases have risen sharply since the end of November, notably in the economic capital Lagos, a city of about 20

Nigeria tells us that today is Armed Forces Remembrance Day, a day set aside for our “heroes” in uniform. While there is no doubt to my mind that many officers in our army are heroes, think Sani Bello who saved the life of Gen. Ironsi’s ADC, Andrew Nwankwo, and Usman Jibrin, who flew many Igbo officers to safety during the pogroms of 1966, and even Mohammed Shuwa, who ensured that Igbos were protected in the area under his command, the fact is that on the balance, the Nigerian Army has a murderous reputation, and as I  once referred  to them, are an equal opportunities brutaliser. The Nigerian Army is only an arm of the Nigerian state, and  this video  attempts to chronicle some of the atrocities committed in Nigeria, by both state and non-state actors. This is one of the tragedies of Nigeria. The number of people who have been killed in mass atrocities in the country since “independence” perhaps gets close to the 100,000 mark.  Imagine that! Close to 100,000 people killed i

The consumer price index, (CPI), Thursday recorded 15.75 percent increase (year-on-year) in December 2020. In its monthly report released on Friday, the National Bureau of Statistics, (NBS) said the increase was 0.86 percent points higher than the rate recorded in November 2020 (14.89) percent, according to Vanguard. It also said that increases were equally recorded in all the Classification of Individual Consumption According to Purpose (COICOP) divisions that yielded the Headline index. On a month-on-month basis, the NBS explained that the headline index increased by 1.61 percent in December 2020. This it said was 0.01 percent rate higher than the rate recorded in November 2020 (1.60 percent). The percentage change in the average composite CPI for the twelve months period ending December 2020 over the average of the CPI for the previous twelve months period was 13.25 percent, representing a 0.33 percent point increase over 12.92 percent recorded in November 2020. The urba

Global health experts gathered on Thursday to tackle new coronavirus strains blamed for a fresh surge in infections as countries including Britain and France tightened restrictions to head off a further worsening of the pandemic. The World Health Organisation (WHO) emergency committee session came as their colleagues were seeking the origins of the virus on a long-delayed mission to the pandemic ground zero in Wuhan, China, AFP reports. Almost two million of the more than 91 million people who have caught the disease have died, but the figures are widely believed to be an underestimate. “When you first met almost a year ago, just 557 cases of the disease we now call COVID-19 had been reported to WHO,” WHO director-general, Tedros Adhanom Ghebreyesus, said in his opening remarks to the emergency meeting. Much of the planet is facing a second or third wave of infections, with populations chafing under painful and economically damaging restrictions. Already hard-hit by a new v

Long-time leader, Yoweri Museveni, took an early lead in Uganda’s presidential election according to preliminary results on Friday, though his main rival, Bobi Wine, said there had been widespread fraud and his supporters had the right to protest, Reuters reports. With 29.4% of votes from Thursday’s ballot counted, Museveni had won 1,852,263 votes, or 63.9%, while main opposition candidate Bobi Wine had 821,874 (28.4%), the electoral commission said just after 11 am.  The normally bustling capital Kampala was quiet on Friday, a holiday after Thursday’s poll, with most shops closed.  The election campaign was marred by deadly crackdowns by security forces on opposition candidates and their supporters. Wine, a singer-turned-lawmaker who has galvanised young Ugandans with calls for political change, told a news conference he had video proof of voting fraud. “We are winning,” he said. “We are putting every legal, every constitutional and every non-violent option on the table,”

Long-time leader, Yoweri Museveni, took an early lead in Uganda’s presidential election according to preliminary results on Friday, though his main rival, Bobi Wine, said there had been widespread fraud and his supporters had the right to protest, Reuters reports. With 29.4% of votes from Thursday’s ballot counted, Museveni had won 1,852,263 votes, or 63.9%, while main opposition candidate Bobi Wine had 821,874 (28.4%), the electoral commission said just after 11 am.  The normally bustling capital Kampala was quiet on Friday, a holiday after Thursday’s poll, with most shops closed.  The election campaign was marred by deadly crackdowns by security forces on opposition candidates and their supporters. Wine, a singer-turned-lawmaker who has galvanised young Ugandans with calls for political change, told a news conference he had video proof of voting fraud. “We are winning,” he said. “We are putting every legal, every constitutional and every non-violent option on the table,”

Reno Omokri A former media aide to then President Goodluck Jonathan, Reno Omokri, has warned the Muslim Solidarity Forum to stop intimidating the Bishop of the Catholic Diocese of Sokoto, Matthew Kukah, or be prepared for an equal threat. The Muslim Solidarity Forum had on Tuesday asked Kukah to tender an unreserved apology to Muslims or leave Sokoto State quietly over the comments he made at Christmas, calling them ‘malicious comments’ against Islam. Reno Omokri The acting chairman of the forum, Professor Isa Muhammad, said, “Our intention at Muslim Solidarity Forum is not to hold brief for the President, as he has those who are paid to do that; rather our concern is the image and reputation of Muslims, which Mr Kukah finds pleasure in attacking without an iota of caution, and by referring to him [the president] as a Muslim, that automatically brings all Muslims into the issue. “These callous statements are unbecoming of someone who parades himself as Secretary to the Natio