By Alex C CAMAC Petroleum Limited, a wholly-owned subsidiary of the United States-based CAMAC Energy Inc., has entered into a credit facility with Zenith Bank plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. Proceeds from the term loan facility will be used for further expansion and development of Oil Mining Leases (OMLs) 120 and 121 offshore Nigeria, including the Oyo Field. US dollar borrowings under the term loan facility will bear interest at the rate of LIBOR plus 7.5 percent, subject to a floor of 9.5 percent. The security package for…
Author: Pride Team
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By Alex C Access Bank plc, with operations in eight other countries, plans to raise N68 billion ($420 million) in a share sale as it pursues expansion and stronger cash reserves. Shareholders are expected to vote on October 13, on the proposal to sell shares to existing investors. The Nigerian Stock Exchange (NSE) suspended movements in the bank’s share price until January 27, to “preserve shareholders’ value” before the planned stock sale. Nigerian banks are preparing to sell equity and debt after the central bank last month changed the way lenders calculate capital buffers. However, the Central Bank of Nigeria…
It was exactly 3 weeks after my last experience at the night club of Orientals, with Ivy (Read here). That was the night I vowed I was gonna be a ‘bad guy’ with girls. Not a pretty decision, I know. After such embarrassment and never-to-be-repeated insult on masculinity, I drank myself to stupor – thanks to Neil; he drove me home, locked my door and left a note of encouragement – he always does that. I was so ashamed of myself that I was locked up indoors for a whole week. Thank God I’m not an office person. I probably…
Man-to-Man is a weekly column that appears every Friday on Pride Magazine Nigeria Online. It is a column for men written by men that aims to encourage and empower our male readers to become Better Men in all spheres of life. We welcome contributions to this column and topics can cover all the gamut of life and living: career, power, politics, finance, love, dating, sex, fashion, grooming, health, fitness, cars, life, and spirituality. Welcome to Man-to-Man Charles O. Anyiam-Osigwe Coordinator cao@pridemagazineng.com So you are interested in dating an older woman? Why? Is it that you do not find women your…
Non-deterrent court sentences, the lust for money and porous borders have been identified as the three major challenges obstructing the fight against importation of sub-standard goods, especially foods and medicines, into Africa. This is among the consensus reached by participants at a two-day seminar organized by the Tanzania Food and Drugs Authority. “Our bitter experience is that the control of fake and substandard drugs is a complicated issue, due to the fact that a good number of these do not enter through official border posts, thus in fact control needs co-operation between neighbouring states,” TFDA director-general Hiiti Sillo disclosed. Other…
The Ebola epidemic currently ramapaging in the Tano River countries of West Africa is showing the potential to gradually wipe out whole families. A boy who watched as his parents succumbed to the virus and ran away from home has now been diagnosed with the virus. The 11-year-old boy who was identified Ebola positive at Freetown’s Ola During Children’s Hospital has since been transferred to the Kailahan quarantine centre, leaving anxiety in his wake. The medical team at the children’s hospital are full of trepidation that they may have caught the Ebola virus from the boy, as…
LAUGH QUOTE Get your facts first and then you can distort them as much as you please. – Mark Twain Knock! Knock! Knock, knock. Who’s there? Orange. Orange who? Orange you going to let me in? WISE GUY’S ANSWER TO STUPID QUESTION QUESTION: “What’s the difference between a guitar and a fish?” WISE GUY: “You can’t tuna fish.” TEACHER AND STUDENT TESTING, TESTING. The first day of the school year – first lesson. Teacher: Please sit quietly, if you want to ask something – raise your hand. Jani immediately raises his hand. Teacher: You want to…
MOVIES No Good Deed Taraji P. Henson, Idris Elba, et al. It’s average, it’s black and here is the best part… It’s winning! As Guardians of the Galaxy continued to lead the box-office un-interrupted a lot of people waited for the HIT movie that’ll send the Marvel comics heroes below, little did they know that all it’ll take is an Idris Elba and a Taraji combo. With Elba just coming off a not-too-successful Nelson Mandela movie and Taraji not being too superb in “Think Like a Man Too”, we all didn’t see this coming. The movie opened at the top…