Gbese!! Nigeria Loses N689 Billion After Niger Delta Avengers Shut Forcados

Eight months after Shell declared force majeure on the export of Forcados in Nigeria, the country has reportedly lost at least N689 billion.
Forcados is one of the nation’s largest crude oil grades and has been shut since February after it was attacked by militants in the Niger Delta.
Today reports that the International Energy Agency had in April estimated that Nigeria could lose up to $1 billion, which amounts to about N197 billion by May.
“The Forcados terminal in Delta state, one of Nigeria’s biggest terminals, was scheduled to load 250,000 barrels of crude per day.
“At $40 per barrel, Nigeria could stand to lose about $1 billion between February, when force majeure was declared, and May, when repairs are expected to be completed,” the agency had said.
The report said, however, that eight months after, the Forcados had not been reopened.
The report further said with an average oil price of $48 and an exchange rate of N300 to a dollar, the loss recorded from June 20 to October 21 now amounts to N442.8 billion.
On Friday, October 21, the ministry of Finance confirmed that the country’s revenue had had really dropped by about 12 per cent from August to N279.75 billion.
It also said the nation’s export volume dropped by 1.15 million barrels resulting in a $46.52 million drop in oil export sales for the government.
The ministery said in a statement: “Force majeure was declared at the Bonny Terminal and there was a subsisting force majeure at the Forcados Terminal.
“Shut-in and shutdown of the pipeline for repairs and maintenance also contributed to the drop in revenue.”

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“We Are The Cause Of Nigeria’s Economy Hardship”- APC Accepts!!

The All Progressives Congress (APC) has finally admitted to being responsible for the economic challenges that Nigeria is going through.
The party has always pointed accusing finger at the Peoples Democratic Party (PDP) as the cause of Nigeria’s recession which it said could have been avoided if the party had saved for the rainy day.
The PDP has also been blamed for being corrupt with the infamous misappropriation of $2.1 billion meant for the purchase of arms. Several top members of the party have been arrested and arraigned by the Economic and Financial Crimes Commission while some are under the radar of the anti-graft agency.
According to Premium Times, the new position by the APC to take responsibility for the current situation was communicated explained Governor Rochas Okorocha of Imo who spoke after the meeting between President Muhammadu Buhari and APC governors.
The meeting took place at the Presidential Villa on Monday, October 24.
According to speculation, the meeting was also to address the disquiet over the recent ambassadorial nomination made by President Buhari with some governors reportedly unhappy that they were not consulted before the nominations.,

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BREAKING NEWS: See what a MAN U fan did after watching the match (MAN U vs Chelsea Fc

The sad incidence happened this morning in the university of calabar student hostel Hall 4, The guy whose name is Agwoatumbe, hanged him self this morning after sleeping over the match he watched yesterday by 4:00pm ( MAN U 0 - 4 Chelsea FC ) ...his friends who were with him told splensizy that.... he said yesterday was going to be the last day he is  watching MAN U's match, not knowing that he had this type of hazardous thought in his mind.....may his soul rest in peace.......MAN U fans will miss you in their mist @ next match.

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NL Review- splensizites, What Happened To Olamide And Phyno At The MAMAS? Why Did They Fail To Win Any Award? (Let’s Discuss)

 
The 2016 MTV Africa Music Awards has come and gone with gusto.
The major highlight of a truly exhilarating event in Johannesburg South Africa, from a Nigerian perspective, was Wizkid’s dominance.
The artist raked 3 strong awards, most notably, the prestigious Artist of the Year honor.
 
However, despite nominations, Nigeria’s Olamide and Phyno failed to pick up an award in the Hip-Hop category.
The snub was met with disbelief among their fans in Nigeria, considering the duo are the giants of Hip-Hop music in Nigeria, but Naijaloaded.com.ng has observed the brush off with more scrutiny, and we are afraid MTV Africa might actually have a point or two to ignore them.
First, here are songs from the duo so far in 2016.
SONGS RELEASED
Olamide-

After dropping the “Eyan Mayweather” album in 2015, Olamide has released 8 personal singles this year alone:
Who You Epp, Sere Ft Lil Kesh, I Love Lagos, Abule sowo, Konkobility, Lies People Tell ft Maupheen Dalis, Owo Blow, Konkobility, Orobo.

Phyno-

Connect’, ‘Fada Fada’ ‘E Sure For Me’, ‘Pino Pino’.
STYLE
Olamide and Phyno’s style of music to business plan are mostly for a specific target of Nigerians from the West and East respectively.
Olamide, 27, has a nack of rapping in Yoruba, while Phyno, 30, on the other hand does his thing in Igbo, sandwiched with occasional Pidgin English– For people outside Nigeria, it is utter gibberish.
And it was no surprise the major domination of the Hip-Hop category in the MTV MAMA awards 2016 was shared between South African acts in Cassper Nyovest, AKA, Nasty C, and Emtee. 
The notable connection between these guys is they all rap and sing in English, which is accepted and easily digested in every part of Africa and outside Africa.
STRATEGY 
For Olamide and Phyno though, they do not have international ambitions in their strategy and not like it is really important.
They are more than contented with local dominance and you can observe from their respective release in 2016 that nothing will change anytime soon.
When the former was asked recently if he is chasing an international collaboration, he said:
“I will never pay for an international collaboration, Fela never did any international collaboration neither did he lobby or pay for any international collaboration, and his music went as far as all over the world.
“He was relevant while alive and even after his death, his music was much sought after, so why would I want to pay for an international collaboration because I want to remain relevant in the music industry”. Olamide retorted.
Unfortunately, Olamide and Phyno will continue to be ignored for international honors like MTV Africa Music Awards unless there is a drastic change of logistics in their music.
Do you agree with this analysis? Why was Olamide and Phyno Snubbed In the MTV Music Awards 2016? Join the conversation

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