Paddy Adenuga: How I NEARLY bought Chevron Netherlands




It was October 2013, two years had passed since I had left the family business in Lagos, Nigeria and moved to London, England to start my own oil trading company. My time in the family business, as a director in the telecoms division and upstream oil & gas company was challenging to say the least but engaging and ultimately rewarding. However, I have never felt comfortable with sitting back and getting a golden pass through life. Whilst the easy thing to do was to be a “good boy and good son” and enjoy all the luxuries of being in a family business – I decided that striking it out on my own once again was the best course of action.
I’ve always loved the oil & gas business, like many other Nigerians. However, what I love about the business, particularly the exploration and production (upstream) side, was the mixture of strategy, operational capability, technical know-how, politics and business acumen which all had to be married with a gambling spirit and sheer luck to be successful. In my decision to move to London, I decided I would only be in the oil & gas business as long as it didn’t pose a direct conflict to the family’s interests. There is striking it out on your own and then there is just being plain foolish. Luckily for me, I had stopped being foolish by then.
The modus operandi of my oil trading business was simple. I kept an office in Lagos with a small team of five to run operations and logistics. I converted one of the bedrooms in my townhouse in London into a study. My team in Lagos under my guidance would get oil trading contracts and I, sitting in London, would either market these contracts to the global oil trading houses to execute in Nigeria on a joint venture (JV) basis or in some instances, I would find the capital to execute the contract from end to end. This formula proved effective and it was good enough to pay my bills and afford me an above modest lifestyle.
One of the traits I took from my parents is that I am highly ambitious and find it hard to sit still. There always has to be a new conquest, a new mountain to climb, or, as is the case most times, a new business to go after. Oil trading was my day job but was never exciting to me except for when I got paid. After days and weeks in London plotting my next move, I came up with an idea and a plan. In the world of upstream oil & gas, especially in Africa, companies that were operators, actively producing oil & gas in commercial quantities that wanted to invest or participate in the oil business were the darlings of the industry. They were like the prettiest girl in high school and every guy wanted her to come to the prom with him.
Most of the oil producing nations in sub-Saharan Africa such as Nigeria, Angola, and Equatorial Guinea would always require any investor into oil & gas assets in their country to either be an oil & gas operator with production on stream or be partnered with an operator, deemed a “technical partner”. This logic makes sense. If you are going to buy prized national assets, you should have the know how to develop and operate them or at least be partnered with an entity that does. I decided that I was going to use a Trojan Horse strategy. I had read ancient Greek literature when I’d attended military academy in Texas and it served as inspiration. I would acquire an oil & gas operating company in Europe (the Trojan Horse), where the political barriers and costs to entry in comparison to Africa would be significantly lower. I would then use this newly acquired company, which would now be of Afro-European in heritage, to become a technical partner to many local and international investors in the upstream oil & gas business in Africa. This company would be the first of its kind and likely the most sought-after oil & gas company on the African continent because of its unique DNA and ownership. After thinking of this idea, I took myself out to a bar a few blocks from my house and ordered myself a nice strong drink. I felt like a genius.

Are there bookshops in Nigeria?- Chimamanda Ngozi Adichie Reaction

   


 "Are there bookshops in Nigeria?" The question posed by a French journalist last week incensed acclaimed Nigerian novelist Chimamanda Ngozi Adichie.
At an event held in a ritzy Paris government building under crystal chandeliers, Adichie launched a blistering assault on perceived French arrogance.
"I think it reflects very poorly on French people that you have to ask me that question," said Adichie.
"My books are read in Nigeria. They are studied in schools. Not just Nigeria, across the continent in Africa."
The subsequent outrage on social media was perhaps predictable: insults hurled at the French journalist amid accusations of racism and colonial prejudices.
Adichie wasn't done yet. The novelist, who was born in Nigeria but now lives in the United States, followed up with a Facebook post the next day arguing that the bookstore question was "giving legitimacy to a deliberate, entitled, tiresome, sweeping base ignorance about Africa".

Jay Z bashes Trump over ‘shithole’ comment

        

 
 

It’s hard to criticise US President Donald Trump and not get a rebuttal.
Hip hop icon Shawn ‘Jay Z’ Carter bashed Trump on Saturday during an interview on The Van Jones Show on CNN.
The rapper criticised Trump’s reported uses of “shithole” in reference to African countries, saying, “it’s disappointing”.
He said: “Everyone feels anger. After the anger, it’s really hurtful because he’s like looking down on a whole population of people.
“You are so misinformed because these places have beautiful people and beautiful everything.”
Jay Z also commented on Trump’s claim that African-American unemployment record in the US was at an all-time low under his administration.
He said: “It’s not about money at the end of the day. Money doesn’t equate to happiness. It doesn’t. That’s missing the whole point. You treat people like human beings, that’s the main point.”

Bruno Mars leads winners with six awards at Grammys 2018

 
       



Bruno Mars won six trophies at the 2018 Grammy awards, including three of the top honours, to emerge the biggest winner on Sunday night. The R&B singer was closely trailed by Kendrick Lamar who made a clean sweep of all the rap categories.

Jay Z, who went into the awards as the highest nominated artiste, went home empty-handed.


Here is the full list of winners.

PHOTOS: The glitz and glam on Grammy awards red carpet

                

Armed with white roses, celebrities stormed the 2018 Grammy awards red carpet decked to the nines.

The 60th edition of the biggest music awards, which took place in New York, held on Sunday night.

See photos from the red carpet of the event.

Tobi Bakre as First Head of House on BBNaija Season 3

   
Tobi Bakre has been crowned the first head of house in the ongoing Big Brother Naija reality show.

The housemate emerged winner of the tasks given to all the contestants by Big Brother, popularly addressed as Biggie.

The head of house challenge was split into two parts with the first part carried out on Sunday after the launch and the second part carried out on Monday.
After the fake eviction of the six housemates who could not get bed spaces, Biggie announced the first task which involved padlocks.

NCC to unveil report on mobile call charges




The Nigerian Communications Commission (NCC) says it will play host to a stakeholders’ meeting on mobile voice termination rates February 1.
Findings on cost based study for determination of mobile voice termination rates in the country will be presented at the session.
The study was conducted by PricewaterhouseCoopers (PwC) and it will be unveiled to stakeholders at the Digital Bridge Institute (DBI), Cappa, Oshodi, Lagos.

Aisha Buhari: The Critic In The Other Room



           Mrs Aisha M. Buhari, the wife of President Muhammadu Buhari is probably the most loved person in Nigeria today, especially by critics of her husband’s administration. She first came to our notice in this regard when in the course of her ailing husband’s medical vacation in London, she famously declared through BBC Hausa Service that the Buhari administration had been hijacked by a cabal.


Long before anybody raised the issue, she was the first to observe that President Buhari has no business seeking a second term in office the way he was carrying on.


She even added that,

she would not join him for any second term campaign. I had written a piece at the time titled “Aisha and that BBC interview”.

PHOTOS: Islamic Cleric Arrested With Female Private Parts, Kidney, Lap in Lagos


                        

The Lagos State Police Command has arrested an acclaimed Islamic cleric, Abdulfatai Kayode, with suspected human parts on Okedumola Street, Alakuko area of the state.

Female private parts, a kidney, intestines, a heart, lap, among other human parts, were allegedly found in his apartment.

Kayode was apprehended on Tuesday when the state Commissioner of Police, Edgal Imohimi, led operatives to the community.

The suspect said the parts were given to him by a herbalist identified simply as Sadiq for safekeeping.

PHOTOS: Islamic Cleric Arrested With Female Private Parts, Kidney, Lap in Lagos



            
The Lagos State Police Command has arrested an acclaimed Islamic cleric, Abdulfatai Kayode, with suspected human parts on Okedumola Street, Alakuko area of the state.

Female private parts, a kidney, intestines, a heart, lap, among other human parts, were allegedly found in his apartment.

Kayode was apprehended on Tuesday when the state Commissioner of Police, Edgal Imohimi, led operatives to the community.

Check Out The New Lexus LF-1 Limitless SUV

 

               
Lexus is showing off a new luxury crossover concept at the North American International Auto Show this week: The LF-1 ‘Limitless,’ which has a sleek, sporty look, and a range of features designed around alternatives tailored to a potential owner’s drivetrain preferences and more.
he Lexus LF-1 is designed to potentially house either a fuel cell, plug-in hybrid, gasoline or all-electric powertrain, and this is something that Lexus is looking at as an example for how it envisions its entire vehicle lineup will operate by 2025 and beyond.


The car also has LED lighting surrounding the grille for signalling to external drivers and people, and its flowing lines are meant to evoke sport performance capabilities as well as versatility.


See more photos below...

Benue killings: We’ve arrested eight herdsmen, say police




The police in Benue state say they have arrested eight herdsmen over the death of 10 persons and seven livestock guards in Guma and Logo local government areas of the state.

Moses Yamu, police public relations officer in the state, announced this in a statement issued on Wednesday.

“Eight herdsmen, six in Guma and two in Logo, had been arrested in connection with the attacks,” the police spokesman said.

He added that the command had made additional deployments in the troubled area to forestall further occurrence and restore confidence of the people.

Yamu said the situation in the two local government areas had been brought under control while investigation was ongoing.

“They attacked Tomater village in Sengev council ward, Akor village in Nzorov council ward and Bakin Kwata village in Umanger council ward of Guma LGA,” he said.

“Among those killed were seven (7) members of Benue State Livestock Guards, their vehicle burnt and an uncertain number of persons injured in separate attacks between 31/12/2017 and 02/01/2018.

“Again, Agba-Uko near Azege village and Tse-Aga village of Logo LGA experienced the same fate, where one person was killed, one motorcycle burnt and four persons injured.

“All the injured from both LGAs are currently undergoing treatment in various hospitals in the state.”

According to him, five combined teams of mobile and conventional policemen engaged the armed herdsmen in a gun duel in Guma.

On Tuesday, Samuel Ortom, governor of Benue, said 20 people were killed in the attacks.

The Benue Anti-Open Grazing law came into effect on November 1, 2017, to forestall attacks on Benue communities.

The law stipulates a five-year jail term or an option of N1 million fine for violators

The attack is the first by suspected herdsmen since the law came into effect.

Charly Boy Uurges Nigerians to "Gallant’ in 2018




Charle Oputa, a musician and activist better known as Charly Boy, has urged Nigerians to do away with the attitude of indifference in 2018.

Charly Boy, who championed the #OurMumuDonDo movement in 2017, said Nigerians “must [be] gallant this 2018 before water carry us”.

In a video post on Instagram, he lamented that many were “starving, dying of hunger, frustrated and forgotten” yet continue to endure and forge ahead.

“See how they have turned us to slaves in our father’s house,” he said while sounding a note of warning that: “Henceforth, make una gallant, make una receive sense. We no go take this I don’t care behaviour. Mumu time is over.”

Big Brother Naija 3: BBNaija Starts On The 28th Of January 2018



+

M-Net West Africa has officially announced when the upcoming Big Brother Naija 2018 edition start.

With a return for it third season and that means the countdown is on to your favorite reality TV show obsession come Sunday 28, January 2018 with 24/7 hours show time.

The new Big Brother Niaja 2018 season isn’t far away as M-Net is starting its press announcements and auditions were recently concluded!
Planning on enjoying Big Brother from your couch instead? Yeah, me too. Here’s what you need to know to get ready for Big Brother Naija Season 3!
The hit reality series of Big Brother Naija, hosted by Ebuka Obi Uchendu, will premiere with a special two-hour episode on Sunday, January 28 at 19:00 on DStv channel 198 and GOtv channel 29.

Why Globacom Badly Wants to Acquire 9mobile — But may not get It

THE INSIDER: Why Globacom badly wants 9mobile — but may not get it

Globacom desperately wants to acquire 9mobile — but it would take a miracle for the nation’s second largest mobile network to get its wish, those with inside knowledge of the goings-on have told TheCable.

The company formerly known as Etisalat Nigeria was taken over in July 2017 following a N541 billion debt overhang.

Mubadala Group, the major investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator as a result of the debt owed to a consortium of 13 banks, and insisted that the brand name be dropped, leading to the birth of 9mobile.

FLASH: 9mobile Sale Deadline Extended by 16 Days

EXCLUSIVE: 9mobile sale deadline extended by 16 days
The sale process of 9mobile will now be concluded on January 16, 2018 following an approval of the extension of the deadline by the Nigerian Communications Commission (NCC), TheCable can report.
The previous deadline of December 31, 2017 could not be met, as earlier reported by Technology Times, the authoritative online ICT newspaper.
This necessitated a request for extension by the board of directors of Emerging Markets Telecoms Services Ltd, owners of the 9mobile licence.
In a letter to Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), Umar Danbatta, executive vice chairman of NCC, acknowledged the risk posed by the year-end deadline for submission of binding offers by prospective bidders for the purchase of 9mobile.
Umar wrote: “The Commission is in receipt of a letter dated 29th November 2017 by which the Board of Directors of Emerging Markets Telecoms Services Ltd. (9Mobile) requested for an extension of the deadline for the submission of binding offers by prospective bidders from 31st December 2017 to 16th of January 2018.
“Having carefully considered the reasons given for the proposed extension in the letter under reference, the Commission confirms that it has no objection to the request and that the extension can be communicated to the Company.

Deaths that shook us as Sunnygist Team in 2017...Onukaba, Eucharia Anunobi’s only child, Tinubu’s son…


Death is inevitable but humans, being mortals, cannot get used to the news of death, irrespective of the frequency it occurs.
People die every day, but who they are and the circumstances surrounding it, are factors that determine the degree of the effect.
While some deaths are received with relatively less sorrow or grief, others shock people to their bone marrows.
Nigeria had its fair share of deaths in 2017, ranging from the casualties of Boko Haram insurgency in the north-east, to the victims of the clash of herdsmen, to people who died of natural causes.
Below are some of the deaths that shook us in 2017.

Unmarried Hausa Actress, Rahama Sadau Criticized For Revealing She’s Not A Virgin On Social Media.


Some Nigerians have taken to social media to condemn Hausa movie actress Rahama Sadau after revealing she is not a virgin. The beautiful actress promised to answer her fans truthfully during a question and answer session conducted recently on her Instagram page.

One of her male fans asked her whether she is a virgin.

The actress answered truthfully by saying “NO”, knowing fully aware that she is not married.


Now, the actress is receiving backlash from some Nigerians for revealing her “secret”.

Photos of Flavour, Anna Banner and their Daughter Playing on Christmas day




Singer Flavour, his second baby mama, ex-beauty queen Anna Banner and their daughter, Sophia spent Christmas day together at a recreational park.
Glad to see they are both co-parenting well! 
More photos below…

Things To Do Before Moving from 2017 into 2018

 

For those who journeyed through a difficult 2017, the possibility of a new slate is a welcomed outlook. For others, the year was filled with fond memories and hold the hope for continued blessing.

The end of a year has this unique and beautiful optimism that only a closed chapter can bring. We often reflect on the good and the bad, and look to the future with hopefulness. As you take in this time and embrace reflection, how can you make the most of this gift? What should you be doing to close 2017 and take on 2018?

Here are things you can do as you step out of this year and into a new year;

Write down what you learned in 2017 You would be remiss to exit the year without reflecting on what you learned. What did God teach you and show you about life, ministry, calling, and Himself? What lessons do you never want to forget?

Take some time to think through all the lessons you acquired throughout the year. Maybe you learned something about yourself the hard way through a difficult trial. Perhaps truths were made aware of to you in Scripture. Consider all the ways God spoke to you and gather those lessons into one place so that you never forget.

Account for your 2017 blessingsNo matter how hard your year was, surely God moved in beautiful and gracious ways. Every good gift--everything good thing you have--was given to you by God (James 1:7). Which means He deserves all the praise!

New Photos of Veteran Broadcaster/Actor, Sadiq Daba, In A UK Hospital

 

 

Veteran broadcaster/actor, Sadiq Daba, who is currently battling Leukemia and Prostate cancer, gave an update of his journey to humanright’s activist, Joe Odumakin. Read the letter he sent to Odumakin below as well as photos of him in the hospital

Top 10 Richest Nigerians In 2017

 

Forbes, a website renowned for ranking of richest people in the world, has made available the list of richest people in Nigeria in 2017.

In the latest release, 9 Nigerians made the billionaires club cut with some, just few million dollars away from reaching the benchmark.

Below are top 10 richest Nigerians;

1. Aliko Dangote: Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira.
 
Net Worth: $12.5 billion.
 
2. Mike Adenuga: Mike Adenuga is the second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil.
 
Net Worth: $10.5 billion.
 
3. Femi Otedola: He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors.
 
Net Worth: $2.3 billion.
 

How Successes In Agric Is Diversifying Nigeria's Economy, by VP Osinbajo

 
**Agriculture and aquaculture in particular, is easily one of the most critical of the multiple engines that will help diversify our economies, and create jobs and prosperity, especially for our young people.

**We have focused on agriculture as being the pathway for sustainable growth for our people, and providing much needed jobs for the hundreds of thousands of young people graduating from various levels of our educational institutions.

ADDRESS BY VICE PRESIDENT YEMI OSINBAJO AT THE 10THMINISTERIAL CONFERENCE/ANNIVERSARY CELEBRATION OF THE FISHERIES COMMITTEE FOR THE WEST CENTRAL GULF OF GUINEA (FCWC) AT TRANSCORP HILTON HOTEL, ABUJA, ON DECEMBER 15, 2017.

Protocol
It is my pleasure and privilege to express the warm felicitations of the Government and people of Nigeria to you all on this occasion of the Tenth Conference of Ministers and the Tenth Anniversary of the Fisheries Committee for the West Central Gulf of Guinea (FCWC). Please accept also, our congratulations on the occasion of your tenth anniversary.

Let me also extend the gratitude of the Government and people of Nigeria, to the FCWC for giving us the opportunity to host this anniversary, I’m told this is the second time Nigeria is hosting this yearly meeting and I hope we will be given the chance to host it frequently.

It is important to remind ourselves of the objectives of this regional body, which includes the strengthening of sub-regional cooperation in fisheries management, monitoring, surveillance and enforcement operations; and the development of the capacity of small-scale fishing operators in member countries, to create sustainable livelihoods.

Witness Recalls Train Derailment: 'It's Devastating' | NBC News

A Lawyer, Arrested For Assaulting Housemaid



                                
Lagos police command has released the mugshot of the lawyer who abused and assaulted her housemaid, a teenage girl...

Why Many "Uneducated" People Are More Successful In Business

  
You will be amazed at the number of Uneducated successful business men and women compared to the huge number of educated men and women who are struggling to build a little business like selling doughnuts or cake or event decoration. 

Not everyone was or will be privileged to go through the four walls of a university but whether you are educated or not is not a guarantee that you will succeed in business...

I know some people will say that education isn't all about going to the University, polytechnic or college of education, yes, but there are so many people who can't read or write properly but are doing well in business. Now, let me share with you just five reasons why most Uneducated business men and women are more successful than their educated counterparts.

They Strive More To Be Relevant It's a well known fact that we live in a society where people believe that if you don't go to school you are are loser. As such, those not privileged to go to school who have ended up in business are striving more to succeed. The truth is, most educated people are too relaxed. They always feel that things should work for them easily because they have a first degree, master degree or a doctorate or PhD. While their Uneducated Counterparts are putting in more efforts in making sure that the society doesn't mock them, they are busy waiting for things to happen on their own terms.

FG Orders Arrest of Marketers Who Hoard Petrol



                      
The Federal Government has ordered security agencies to arrest petroleum marketers who purposely hoard products to create the artificial scarcity currently being experienced in parts of Nigeria.

This is even as oil marketers have been warned to desist from hoarding the product or risk being arrested by industry regulators who have been detailed for enforcement.

The order was disclosed by the Nigerian National Petroleum Corporation (NNPC) in a statemnet issued on Monday in Abuja.

NNPC spokesman, Ndu Ughamadu, who signed the statement said that the warning followed the uncovering of 144 oil tankers filled with petroleum products in Kano.

Photos :President Buhari’s Participation at the Opening Ceremony of the 5th AU-EU Summit



Today, President Buhari participated at the Opening Ceremony of the 5th AU-EU Summit in Abidjan.

See more photos below…

Mr Eazi Falls On Stage And Injures Himself While Performing At Manchester (Watch Video)





Mr Eazi fell from stage and reportedly bruised his face while he was performing at a concert in Manchester, England.

Watch video below;

Jay Z Admits He Cheated On Beyonce


                             

Jay Z has finally admitted cheating on Beyonce as he reveals the couple had therapy to stop them getting divorced.

The US rapper dropped hints he had been unfaithful on album 4.44 and Beyonce touched on his infidelity on Lemonade but it was never confirmed.

But in a tell-all chat with the New York Times, Jay Z reveals he shut down his emotions and pushed his wife away when he addressed issues from his past.

He said: "You have to survive. So you go into survival mode, and when you go into survival mode, what happens? You shut down all emotions.

"So, even with women, you gonna shut down emotionally, so you can't connect. ... In my case, like, it's deep. And then all the things happen from there: infidelity."

The hip hop legend hasn't named the woman he cheated with, but Beyonce called her "Becky with the good hair" in Lemonade.