Day: December 12, 2017

PDP convention: The aftermath

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The elective Convention of the Peoples Democratic Party (PDP) that took place at the Eagle Square in Abuja on Saturday, December 9, was a charade and an anti-climax. Everyone who had been a witness to the travails of the once-upon-a-time ruling party which lost power to the All Progressives Congress in 2015 – viz, the humiliation, the victimization of the party and its agents by the successor-government, the catastrophic seizure of the party by a certain Ali Modu Sheriff, the desertion of the party by opportunists seeking fresh foothold, protection,…

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Tekno and Drake collaboration seems to be in the works

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2017 is about to come to an end, and Tekno’s highly-anticipated debut album is still as elusive as ever. It’s hard to complain though, the “Pana” singer still managed to give us some of the year’s best songs — both as a producer and an artist. Well, Tekno seems set to carry his endless winning streak into the new year by collaborating with none other than Drake. Although there have been no official announcements from either party, Drake recently shared a rather suggestive picture of the singer at work in his studio. While…

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Addax/NNPC to invest $3.5bn in onshore, offshore operations

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Addax Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC, plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124. In a statement, Addax stated, “The first oil producer in this drilling campaign was recently drilled and completed ahead of schedule and at significantly lower cost than budget. Preliminary well test results have also exceeded…

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Mohamed Salah beats Victor Moses to BBC award

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Liverpool star Mohamed Salah has been crowned BBC African Footballer of the Year for 2017, The Express reports. The Liverpool winger emerged victorious to scoop the prize in a star-studded five-man shortlist. Among the other contenders were his team-mate Sadio Mane, Chelsea’s Victor Moses, Borussia Dortmund striker Pierre-Emerick Aubameyang and Red Bull Leipzig’s Naby Keita. Moses finished fourth and soon-to-be Liverpool player Keita came fifth. Salah said, “I have always followed my way, and I want everyone in Egypt to follow my way. “Since I left Egypt, in my mind,…

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UEFA Champions League: Chelsea book Barcelona, PSG face Real Madrid

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UEFA has made the draws for the Round of 16 with English champions Chelsea paired with Barcelona. Shakhtar Donetsk will face AS Roma, while defending champions, Ronaldo’s Real Madrid booked a titillating face-off with Neymar’s Paris Saint Germain. Sevilla got Manchester United, whiile Porto will face Liverpool. The UEFA draw for Round of 16 Swiss Club FC Basel will face Manchester City and 2017 runners-up, Juventus will face Tottenham Hotspur. Bayern MUnich will play Beşiktaş of Turkey. First legs will be played on February 13/14 and 20/21, with second legs…

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Netanyahu: More European countries will follow US on Jerusalem

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Fending off widespread international criticism, Prime Minister Benjamin Netanyahu said Monday that recognizing Jerusalem as his country’s capital made peace possible, rather than distancing the prospect of an agreement with the Palestinians. Netanyahu, as he arrived for talks with EU foreign ministers here, said the move last week by US President Donald Trump “doesn’t obviate peace; it makes peace possible, because recognizing reality is the substance of peace, it’s the foundation of peace.” Standing next to EU foreign policy Chief Federica Mogherini at the headquarters of the European Union, he…

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Oil prices jump above $65

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Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent crude futures on Tuesday, the international benchmark for prices of crude, were at $ 65.07 dollars a barrel at 0211 GMT. U.S. West Texas Intermediate (WTI) crude futures were at 58.21 dollars a barrel. Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after…

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Hackers steal $10m from U.S., Russian banks

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Previously undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said. Group-IB warned that the attacks, which began 18 months ago and allowed money to be stolen from banks’ Automated Teller Machines (ATMs), appeared to be ongoing and that banks in Latin America could be targeted next. The first attack occurred in the spring of 2016 against banks in First Data’s (FDC.N) “STAR” network, the largest…

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