South Africa’s government is continuing its work with business and labor to try averting a sovereign credit-rating downgrade and boosting the economy, President Jacob Zuma said. The parties are working together to reduce policy uncertainty amid a weakening economy and rising unemployment, Zuma said in a televised speech in Pretoria on Monday. The country “can weather the storm,” he said. Business leaders in South Africa started meeting with government at the beginning of this year after ratings companies warned of a downgrade to junk and Zuma’s shock firing of former Finance Minister Nhlanhla Nene caused the rand to plummet and…
Author: Pride Team
Chevron is losing substantial part of its oil production as attack on its offshore platform in the Niger Delta puts pressure on the company. “Approximately 35,000 barrels per day, b/d, of Chevron’s net crude oil production in Nigeria are impacted,” company spokeswoman Isabel Ordonez said. Suspected militants used explosives to blow up the Okan platform, a collection facility for offshore oil and gas that feeds the Escravos terminal in southern Nigeria. The impact of the attack was significant in a country where Chevron’s net daily production in 2014 averaged 240,000 barrels of crude oil, 236 million cubic feet of natural…
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In the scheme of fashionable things, men barely get a voice. Terms like ‘boring’ ‘bleh’ ‘obvious’ ‘conventional’ have been associated with male style. This is majorly due to the fact that most men aren’t daring enough to plunge into unorthodox style – Denrele, though sometimes extreme, is forever king for paving the way through unplied stylish routes. Male fashion doesn’t have to be boring, and it doesn’t quite matter if your comfort zone is a classical suit get-up, even a suit can be zhooshed. There are five Nigerian menswear brand that have put the fun into masculinity. Kola Kuddus Kola…
Former Minister of Interior and chairman of Integrated Oil & Gas Limited, Captain Emmanuel Iheanacho has assured that his company’s 20,000 Barrels Per Day (BPD) capacity refinery is on course and will be delivered in 15 to 18 months from day one of construction activities. He said having secured approval licence five months ago; efforts are currently on in perfecting construction site takeoff logistics. Answering questions on the current fuel shortage being experienced nationwide, he was quick to argue that “It is really a question of supply and demand,” and that “There is a lot of demand, as we have…
The recent 2015/2016 ranking of world universities has ranked a Nigerian University as number 801 among world universities just as it was discovered that over $2billion leaves the shores of this country annually for the funding of foreign education. The National Bureau of Statistics, 2015 also revealed that 64 million youths representing 23.9% of Nigerian youths are unemployed, which is over 50% of the work force of the country. It was further disclosed that 33% of Nigerians across board cannot read or write while only 43% of Nigerian children have access to secondary education. This was made known Monday by…
All Progressives Congress (APC) in Ondo State has condemned the circumstances surrounding the death of the AAU student, and also the unwarranted N25, 000 reparation fee leveled on over 17,000 students of Adekunle Ajasin University, Akungba Akoko for damaging the institution property during a protest last month, over the killing of a student of the institution. “The Party described the fee as outrageous and a wicked plot to exploiting the poor masses and the unpaid workers in the state. Addressing journalists in Akure, the State capital, the State Publicity Secretary of the Party, Omo’ba Abayomi Adesanya and the Director of…
Chief Executive Officer of the Commonwealth Enterprise and Investment Council (CWEIC), Oliver Everett has commended the anti-corruption efforts of President Muhammadu Buhari, saying the war on corruption embarked upon by the President since assuming office about a year ago had positively changed the perception of investors about the safety of their investments in Nigeria. The CWEIC’s CEO gave this commendation at a meeting with a group of Nigerian businessmen at the Lagos House in Alausa, Ikeja, According to him, “In terms of investment, there is huge interest in Nigeria at the moment. I think it is well known that there…
The Lagos State Government has recorded total revenue of N101.69 billion in the first quarter of Y2016 budget with a surplus of N4.85bn as against an expected deficit of N29.92bn. Speaking today at the Bagauda Kaltho Press Centre, Alausa Ikeja, during the 2016 annual Ministerial Press Briefing of the State Government in Commemoration of the first year in office of Governor Akinwunmi Ambode, the Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade stated that the performance was N4.40 billion more in absolute terms compared to Y2015 despite the dwindling statutory allocations from the federal government. According to him “It…
HOLY HUMOUR A Sunday school teacher of preschoolers was concerned that his students might be a little confused about Jesus Christ because of the Christmas season’s emphasis on His birth. He wanted to make sure they understood that the birth of Jesus occurred a long time ago, that He grew up, etc. So he asked his class, “Where is Jesus today?” Steven raised his hand and said, “He’s in heaven.” Mary was called on and answered, “He’s in my heart.” Little Johnny, waving his hand furiously, blurted out, “I know! I know! He’s in our bathroom!!!” The whole class…