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OPL 310: Optimum’s default clause termination letter invalid – Lekoil

An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.
FILE PHOTO - Medical workers bring a patient out of an ambulance, amid the spread of the coronavirus disease (COVID-19) pandemic, outside Royal London Hospital, in London, Britain, January 17, 2021. REUTERS-Toby Melville

Global life insurers impose restrictions, worried about long-term pandemic risks

Global life insurers are taking steps to curb payouts stemming from the coronavirus pandemic, including long-term health consequences that are not fully understood, industry sources told Reuters.
Lai Mohammed is the current Nigeria's Minister of Information and Culture. A Nigerian lawyer, and former National Publicity Secretary of the All Progressives Congress.

Nigerian government raises hate speech fine to N5 million

The code also contains the Antitrust provision aimed at boosting local content and local industry due to laws prohibiting exclusive use of rights by broadcasters who, according to the minister, intend to create monopolies and hold the entire market to themselves.
Governor Atiku Bagudu of Kebbi State 2

Kebbi step-up efforts to boost fish production for export

The Kebbi State Government says it has set in motion machinery to provide material support and training to fish farmers to improve production of fish for domestic and export purposes.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

Power: World Bank loan will unlock economic growth – capital market operator

A capital market operator, Mr Godwin Anono, says the World Bank loan of $750million to fix energy challenges in the country will unlock the country’s economic growth.
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and other West African nations has secured $184 million to finance the appraisal drilling and initial development programme activities on the Ogo field within Oil Prospecting Lease, OPL 310.

Lekoil, Optimum agrees on deferring $7.6 million OPL310 payment due May 2

Lekoil said it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the final tranche of payment of US$7.6 million due on or before 2 May 2020.
Sadio Mane has stated he was unsure about Jurgen Klopp when the Liverpool manager first had contact with him while in charge of Borussia Dortmund in 2014.

Sadio Mane credits upbeat Jurgen Klopp with keeping Liverpool spirits high

Liverpool striker Sadio Mane has praised manager Juergen Klopp for his positivity as the club’s players sit idle with the Premier League on hold and the team facing the prospect of missing out on a first championship triumph in 30 years.
Almustapha Asuku new NYCN President

NYCN hails President Buhari for naming Abuja Stadium after MKO Abiola

The National Youth Council of Nigeria (NYCN) has commended President Muhammadu Buhari for bestowing an additional honour on late Chief M.K.O Abiola by renaming the National Stadium Abuja after him.

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The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

Nigeria threatens to ban flights from UAE, Netherlands

The task force said the Ministry of Aviation and its relevant agencies have been mandated to take the necessary reciprocal measures as may be permissible under the laws and other international obligations expected to be discharged against Emirates airlines operating from the UAE and other airlines from The Netherlands.
Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

Manchester United boss rules out late title push despite derby win

Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

NIOB, PSN, 28 others seek more roles for Nigerian professionals

Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB approves $1.3 million grant for female financial inclusion research in Africa

The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent.
Liverpool manager, Jurgen Klopp, has confessed that his boys were tired and not ready to play and paid dearly for the defeat against Brighton.

Jurgen Klopp hopes for respite for struggling Liverpool

Liverpool manager Jurgen Klopp hopes a change of competition will give his side a break from their wretched Premier League form that has put their chances of a top-four finish in jeopardy.

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Speaker of the House of Representatives, Femi Gbajabiamila, yesterday said that the parliament passed 2021 in good time to ensure the country maintains the January to December budget cycle started last year.

Reps speaker praises health workers in fight against coronavirus

Femi Gbajabiamila, Speaker, House of Representatives, has commended Nigerian health workers for being the major contributors to the success in the COVID-19 fight.
1. President Muhammadu Buhari, on Thursday, met with the new Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, at the State House, Abuja.

EFCC: No more congratulatory messages for Abdulrasheed Bawa

The Economic and Financial Crimes Commission, EFCC, has observed the increasing number of messages published in the print media by groups and individuals, congratulating Mr. Abdulrasheed Bawa on his well-deserved appointment as the Executive Chairman of the Commission.
According to a statement signed by the commissioner of homeland affairs, Samuel Aruwan, the order comes into effect on April 9.

Official: Troops kill four bandits, recover three rifles in Kaduna

The Kaduna State Government said troops of Operation Thunder Strike (OPTS) have killed four bandits and recovered three rifles in Chikun Local Government Area of the state.
2. Girls who were kidnapped from a boarding school in the northwest Nigerian state of Zamfara, are seen after their release in Zamfara , Nigeria March 2, 2021. REUTERS-Afolabi Sotunde

Zamfara governor: How abducted schoolgirls were released

“Alhamdulillah! It gladdens my heart to announce the release of the abducted students of GGSS Jangebe from captivity. This follows the scaling of several hurdles laid against our efforts. I enjoin all well-meaning Nigerians to rejoice with us as our daughters are now safe,”, Mutawalle tweeted to announce the release of the schoolgirls Tuesday morning.

Abia government tasks NBC to urgently delineate boundary with Akwa Ibom

Following the incessant border clashes between Ariam communities in Ikwuano council area of Abia State and their counterparts in Ini and Obot Akara councils of Akwa Ibom State, the Abia state government has tasked the National Boundary Commission, NBC, to urgently delineate the boundary between the two states.