Conoil discovers huge gas reserve in Niger Delta

Conoil Producing Limited, Nigeria’s leading indigenous petroleum, exploration and production company, has discovered huge deposits of gas in the central part of its Oil Mining Lease 136 (OML-136) in offshore western Delta of Nigeria.

The company made the discovery in Agge-3B. T1 well while appraising an undrilled compartment of the Agge field complex. The well was located in a water depth of 140 metres and reached a total depth of 2,710 metres, below mean sea level. The newly discovered gas reserve has a gross thickness in excess of 160 metres.

Reports said that the production test over the lower intervals of the new pay zones yielded an impressive volume of 24.2x MMScft/d on a 36/64" choke. Further ongoing studies will assess the impact of the Agge-3B, T1 results on the field reservoir and in addition to other discoveries, provide available options for the development of the block. Conoil Producing Limited is the operator of the Joint Venture in which Total Exploration and Production Nigeria Limited (TEPNL), a subsidiary of TOTAL S.A owns a 40 percent working interest in the license.

Conoil was awarded the oil block OML 136 (formerly OPL 458) in 1992, after the company had successfully proven itself as a major indigenous player in a sector that was hitherto dominated by foreign companies.
Conoil has over the years, built up a broad based experience and extensive competence relating to the exploration, development and production of crude oil and gas fields as well as the operation of production units and pipelines.

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYSHOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

Before going into the real business of the day, I would like to warn that if you are one of those that take pleasure in defrauding people, I don’t think this useful piece of information is for you.
Secondly, don’t force yourself into any business that you know too little about, because you will find it difficult to make much progress in that business. It is also important that you have a genuine interest for anything you wish to start both online and offline.
Most importantly, try to gather the necessary skills required to excel in any business you wish to start.
Let nobody deceive you, you must show some commitment and hardwork for you to make great progress online. The major difference between working online and offline is that you decide how and when to work online in most cases.
Working online is great because there is nobody to query you or boss you around, and you have the opportunity of getting involved in many opportunities in the shortest period of time.
As a Nigerian, instead of wasting a lot of time on the internet seeking whom to defraud, you can use less time to achieve great things.
Some of the genuine online opportunities you can start today include Blogging, article publishing, affiliate marketing, commodities trading, forex trading, options trading, or you can also join the revenue sharing system organized by Google known as Google adsense.
All the above are some of the genuine ways of earning online especially as a Nigerian, but the most important thing is to acquire the necessary skills needed to excel in each of them. For this reason, I have packaged an e- book that will help you to excel in blogging, article publishing, affiliate marketing, etc, and I am also giving out Forex tutorial manual, a guide on how to make money from the Nigerian Stock Market, Google adsense blueprint and two powerful motivational books as bonuses for purchasing this simple but powerful e-book “THE AFFILIATES GUIDE”
Inside this book, you will learn how to become a better affiliate and make consistent income from affiliate commissions; how you can use a free blog to earn great income; how to earn from publishing articles online, the easiest ways to attract visitors to your webpage, how you can easily sell your own products to greater number of people, etc. Don’t forget that this e- book comes with mouth- watering bonuses that you cannot afford to miss.
This package with all the bonuses will only cost you 2,000 naira(two thousand naira)- the cheapest you can ever get considering the quality of the e-book and the bonuses that come with it.
What you need to start;
• The skills which the e-book will provide.
• A computer with an internet connection.
HURRY AND GRAB A COPY BECAUSE IF YOU DELAY, IT COULD BE DANGEROUS. USE THE PAYMENT DETAILS BELOW TO ORDER FOR YOUR COPY.
Payment details:
Oceanic bank international Plc.
Acct no: 0050001022931.
Acct name: Asiegbu, Tochukwu Ebuka.
After payment, text your name, e mail, teller no to 08064004963 or send a mail to (asiegbutch@yahoo.com) with the subject "Affiliate", and your copy will be forwarded to your e mail address immediately the payment is confirmed.
Have a great online money making experience!!!

South Africa foils white extremist plot

Police in South Africa say they have foiled a plot by white extremists to bomb black townships ahead of the 2010 FIFA World Cup finals.

Seven white extremists have been arrested in connection with the plot, a spokesman for the police special investigations unit, Musa Zondi said Friday.

They were arrested late last month in the northeastern town of Phalaborwa, near the Kruger National Park. Five of those arrested have been charged with terrorism, Zondi added.

The police raid on the terrorists came following the killing of white supremacist Eugene Terre'Blanche which inflamed race tensions amid calls for revenge from his far-right movement.

"They were conspiring to engage in terrorist activities, which includes the fact that they wanted to blow up areas in which black people live," Zondi said adding that the charges against two of the detainees were dropped on Friday.

Police chief Bheki Cele told reporters on Friday that the 2010 FIFA World Cup will begin on June 11 as scheduled.

South African Police Minister Nathi Mthethwa had broken the news about the plot on Thursday, saying right-wing extremists who were planning to bomb black townships and create chaos were arrested.

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYSHOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

Before going into the real business of the day, I would like to warn that if you are one of those that take pleasure in defrauding people, I don’t think this useful piece of information is for you.
Secondly, don’t force yourself into any business that you know too little about, because you will find it difficult to make much progress in that business. It is also important that you have a genuine interest for anything you wish to start both online and offline.
Most importantly, try to gather the necessary skills required to excel in any business you wish to start.
Let nobody deceive you, you must show some commitment and hardwork for you to make great progress online. The major difference between working online and offline is that you decide how and when to work online in most cases.
Working online is great because there is nobody to query you or boss you around, and you have the opportunity of getting involved in many opportunities in the shortest period of time.
As a Nigerian, instead of wasting a lot of time on the internet seeking whom to defraud, you can use less time to achieve great things.
Some of the genuine online opportunities you can start today include Blogging, article publishing, affiliate marketing, commodities trading, forex trading, options trading, or you can also join the revenue sharing system organized by Google known as Google adsense.
All the above are some of the genuine ways of earning online especially as a Nigerian, but the most important thing is to acquire the necessary skills needed to excel in each of them. For this reason, I have packaged an e- book that will help you to excel in blogging, article publishing, affiliate marketing, etc, and I am also giving out Forex tutorial manual, a guide on how to make money from the Nigerian Stock Market, Google adsense blueprint and two powerful motivational books as bonuses for purchasing this simple but powerful e-book “THE AFFILIATES GUIDE”
Inside this book, you will learn how to become a better affiliate and make consistent income from affiliate commissions; how you can use a free blog to earn great income; how to earn from publishing articles online, the easiest ways to attract visitors to your webpage, how you can easily sell your own products to greater number of people, etc. Don’t forget that this e- book comes with mouth- watering bonuses that you cannot afford to miss.
This package with all the bonuses will only cost you 2,000 naira(two thousand naira)- the cheapest you can ever get considering the quality of the e-book and the bonuses that come with it.
What you need to start;
• The skills which the e-book will provide.
• A computer with an internet connection.
HURRY AND GRAB A COPY BECAUSE IF YOU DELAY, IT COULD BE DANGEROUS. USE THE PAYMENT DETAILS BELOW TO ORDER FOR YOUR COPY.
Payment details:
Oceanic bank international Plc.
Acct no: 0050001022931.
Acct name: Asiegbu, Tochukwu Ebuka.
After payment, text your name, e mail, teller no to 08064004963 or send a mail to (asiegbutch@yahoo.com) with the subject "Affiliate", and your copy will be forwarded to your e mail address immediately the payment is confirmed.
Have a great online money making experience!!!

No evidence of oil on US shores

No evidence of oil impact has been seen on US shores after a giant oil spill in the Gulf of Mexico raised concerns over an ecological disaster, a coast guard says.

After days of suspension due to bad weather, a new overflight on Monday confirmed that there has been no oil on US land yet.

On Tuesday night, US oil platform Deepwater Horizon was burnt after a massive explosion and sunk into the Gulf of Mexico, killing 11 workers.

More than one hundred workers escaped from the incident.

"Based on our overflights, there has been no confirmed oil on land yet," said coast guard spokesman Curtis Thomas.

"Bad weather prevented overflights and dispersant activities on May 2. Planning is currently under way to open a second airbase in Florida for dispersant activities."

At the time of the explosion, there were 700,000 gallons of diesel fuel onboard the platform, which had been drilling 8,000 barrels a day.

Over 150,000 gallons of chemicals have been dropped from planes to stop the spread of the oil spill which is threatening US shores.

The White House has issued a statement in which President Barack Obama said the federal response to the disaster "was being treated as the number one priority."

IBB must account for $12.4bn oil windfall – Falana

Human rights lawyer, Femi Falana, has called on former Nigerian military head of state, General Ibrahim Babangida (Rtd) to account for how his regime spent the Gulf war windfall of $12.4billion which allegedly got missing. A statement by the Lagos-based lawyer, said: “The point is that Nigerians deserve explanations as to what exactly happened to the accrued oil revenue of $12.4bn which apparently went missing during the Babangida government. “And anyone who loves this country would expect accountability for the missing funds.

No amount of misinformation or misrepresentation of the facts and conclusions of the Okigbo report by anyone can stop the demand by Nigerians for accountability in this matter. The action by the civil society groups is indeed patriotic.”

According to him, based on an Okigbo panel report which made several conclusions on how the money was spent, a petition dated April 7, 2010 by a coalition of civil society groups in the country sought accountability for the money to the new Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke, asking him to prosecute the former military president. The group, in its petition dated April 7, 2010, threatened to go to court to compel the justice minister to try the former president.

The group comprising Social Economic Rights and Accountability Project (SERAP), Committee for the Defence of Human Rights (CDHR), Access to Justice (AJ), Civil Society Legislative Advocacy Centre (CISLAC), Women Advocates and Documentation Centre (WARDC), Human and Environmental Development Agenda (HEDA) and Nigeria Voters Assembly (VOTAS).
According to Falana, IBB has reportedly said that he “was never indicted by the Okigbo Report,” and that much of the funds went to infrastructural development of the Federal Capital Territory, Abuja.

The lawyer pointed out that Babangida, in a press release titled “Who is Afraid of General Ibrahim Babangida?” signed by his spokesman, Prince Kassim Afegbua denied that he was ever indicted by the Okigbo panel. What the report revealed was that much of the funds were concentrated on infrastructural development of the Federal Capital Territory, Abuja, which it considered was not a priority. According to him, Babangida said the report also called for an overhaul of the Central Bank of Nigeria (CBN) to enable it perform its functions optimally.
 
SUNNEWS

Spring Bank springs back

Spring Bank Plc one of the eight banks rescued by the Central Bank of Nigeria (CBN) late last year has returned to profitability. This disclosure, which was scooped from the bank and confirmed by the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido last week has restored the investors hope in the bank.

The bank, in line with the vision of the new management has also embarked on training and re-training of staff and also on massive promotion across the entire cadre.

The modest performance level has additionally impacted positively on the share price of the bank at the Nigerian Stoke Exchange (NSE), where the stocks witnessed a significant price rise from 96 kobo in September 2009 to a peak level of N1.32 in January, 2010.
The CBN Governor, who was visibly pleased about the development, said that contrary to criticisms, the intervention of the CBN in the banking industry last August has helped immensely to restore and increase customer confidence.

“I can assure you that the bank has returned to profitability, just like the CBN governor has said. There is a total turnaround in the bank, investors’ confidence has been restored and the investors’ can now be assured of better returns on their investment soonest” a senior official of the bank who pleaded anonymity said.
The top bank executive also said the return to the path of profitability has been made possible by the continued backing of the CBN and other strategies introduced by the Sola Ayodele-led Management from October last year.

Earlier the apex bank’s Governor, Sanusi, while fielding questions in an interview on Channels Television recently saidSpring Bank Plc was one of four rescued banks that posted a profit last February.
The new strategic direction put in place by the administration essentially focused on effective liquidity management, loan recovery, operational efficiency and corporate governance as well as recapitalization.
Accordingly, the bank has been able to achieve a significant improvement on income during the period, while increasing liquidity ratio to about 50 per cent, thereby, doubling the required regulatory minimum of 25 per cent. It has also recorded a steady growth of the deposit base since the takeover in October 2009.

Happy with the early results of these strategies and the hardwork of staff, the Group Managing Director/Chief Executive Officer of the bank, this month, promoted 25 junior staff who have always maintained exceptionally high performance level.

Ayodele said in a statement to staff that the promotion exercise was strictly based on merit and will serve as a motivation to others while helping to renew staff confidence in the bank. She commended the staff of the bank for working assiduously with her administration and encouraged them to work harder towards the timely recapitalization of the bank in order to ensure optimum delivery of stakeholder value.
The Ayodele-led administration took over the management of the bank following the intervention of the Central Bank of Nigeria (CBN) in the banking industry in October last year.


SUNNEWS

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

Before going into the real business of the day, I would like to warn that if you are one of those that take pleasure in defrauding people, I don’t think this useful piece of information is for you.
Secondly, don’t force yourself into any business that you know too little about, because you will find it difficult to make much progress in that business. It is also important that you have a genuine interest for anything you wish to start both online and offline.
Most importantly, try to gather the necessary skills required to excel in any business you wish to start.
Let nobody deceive you, you must show some commitment and hardwork for you to make great progress online. The major difference between working online and offline is that you decide how and when to work online in most cases.
Working online is great because there is nobody to query you or boss you around, and you have the opportunity of getting involved in many opportunities in the shortest period of time.
As a Nigerian, instead of wasting a lot of time on the internet seeking whom to defraud, you can use less time to achieve great things.
Some of the genuine online opportunities you can start today include Blogging, article publishing, affiliate marketing, commodities trading, forex trading, options trading, or you can also join the revenue sharing system organized by Google known as Google adsense.
All the above are some of the genuine ways of earning online especially as a Nigerian, but the most important thing is to acquire the necessary skills needed to excel in each of them. For this reason, I have packaged an e- book that will help you to excel in blogging, article publishing, affiliate marketing, etc, and I am also giving out Forex tutorial manual, a guide on how to make money from the Nigerian Stock Market, Google adsense blueprint and two powerful motivational books as bonuses for purchasing this simple but powerful e-book “THE AFFILIATES GUIDE”
Inside this book, you will learn how to become a better affiliate and make consistent income from affiliate commissions; how you can use a free blog to earn great income; how to earn from publishing articles online, the easiest ways to attract visitors to your webpage, how you can easily sell your own products to greater number of people, etc. Don’t forget that this e- book comes with mouth- watering bonuses that you cannot afford to miss.
This package with all the bonuses will only cost you 2,000 naira(two thousand naira)- the cheapest you can ever get considering the quality of the e-book and the bonuses that come with it.
What you need to start;
• The skills which the e-book will provide.
• A computer with an internet connection.
HURRY AND GRAB A COPY BECAUSE IF YOU DELAY, IT COULD BE DANGEROUS. USE THE PAYMENT DETAILS BELOW TO ORDER FOR YOUR COPY.
Payment details:
Oceanic bank international Plc.
Acct no: 0050001022931.
Acct name: Asiegbu, Tochukwu Ebuka.
After payment, text your name, e mail, teller no to 08064004963 or send a mail to (asiegbutch@yahoo.com) with the subject "Affiliate", and your copy will be forwarded to your e mail address immediately the payment is confirmed.
Have a great online money making experience!!!

Serie A: Roma go top, Milan battle back to draw

AS Roma beat Atalanta 2-1 to hit the Serie A summit for the first time since 2007.


The Giallorossi took advantage of Inter Milan's 2-2 draw at Fiorentina on Saturday to leapfrog them in the standings with a victory at the Stadio Olimpico.
Mirko Vucinic put Roma on their way in the 12th minute before Marco Cassetti doubled the advantage before the half-hour mark. Atalanta striker Simone Tiribocchi reduced arrears in the 53rd minute but Roma held on for a crucial win.
The result lifts Roma one point clear of Inter with five games remaining while Atalanta remain 18th, four points adrift of safety.
AC Milan's title hopes took a huge blow as they were held to a 2-2 draw at home by Catania.
Gaston Maxi Lopez (12 minutes) and Adrian Ricchiuti (43) put the visitors in front, but Marco Borriello netted after 47 and 80 minutes to claim a point.
Palermo remain on course for the coveted fourth-placed finish and a place in next season's Champions League after a 3-1 defeat of Chievo Verona. Marcos put the visitors in front after 18 minutes, but Javier Pastore equalised 10 minutes later and Fabrizio Miccoli scored twice, the first from the penalty spot, to seal victory for Palermo.
Juventus are fifth, three points behind Palermo, after a 1-0 win over Cagliari, courtesy of Giorgio Chiellini's first-half strike. The defender headed in Mauro Camoranesi's cross after 35 minutes to retain the Bianconeri's hopes of Champions League football next term.
Lazio moved six points clear of the relegation zone with a come-from-behind 3-2 win at Bologna. The hosts were 2-0 up after 16 minutes with goals from Roberto Guana and Daniele Portanova, but Stefano Mauri pulled one back before the break. Andre Dias levelled after 63 minutes and Tommaso Rocchi netted a 68th-minute winner.
Siena boosted their survival hopes with a 3-2 win over Bari, but remain in the relegation zone. Abdelkader Ghezzal scored twice, cancelling out goals for Emmanuel Rivas and Jose Ignacio Castillo, before Aleandro Rosi netted the winner after 66 minutes.
Livorno slipped closer towards the Serie A trapdoor as a 2-0 home defeat to Udinese left them with a mountain to climb to avoid relegation this season.
Udinese's in-form strikers Alexis Sanchez and Antonio Di Natale scored the goals in the first half to lift the Friulians seven points clear of the bottom three with five games remaining.
Antonio Cassano earned Sampdoria a 1-0 victory over Genoa in the 102nd Genovese derby to take them back into contention for a place in the Champions League next season.
Cassano struck in the 23rd minute to earn the home side all three points with a 1-0 win which took them level with Palermo on 54 points, three ahead of Juventus. Genoa's own hopes of qualifying for Europe took a knock in the process as they slipped six points behind the top six with five games of the season remaining.

World Bank Forecasts 4.8% GDP Growth for Nigeria

The World Bank is estimating that Nigeria's economy will grow by 4.8 per cent this year, up from 4.3 per cent in 2009, its managing director Dr. Ngozi Okonjo-Iweala said yesterday.

The World Bank's outlook was significantly below the Central Bank of Nigeria's forecast of 7.53 per cent last month, and a 6.4 per cent estimate from nine analysts polled by Reuters in January.
Nigeria, once the darling of frontier market investors, hopes its fortunes will improve as the global economy gradually recovers, and after fixing problems in its banking sector rescued in 2009 by the regulator.

"This economy is just waiting for a bedrock of right and consistent policies ... to get some of our sectors going," said Dr. Okonjo-Iweala, the World Bank's managing director for Africa, at an economic conference in Lagos.
To improve the economy in the long run, she said Nigeria's leadership must find a way to solve the country's unemployment problem, especially among its young.

She estimated unemployment for 15-24 year olds at around 31 per cent.
Africa's most populous country of 140 million people will need to create 24 million jobs over the next decade to cut unemployment by half, Okonjo-Iweala said.

"The most worrying is that an estimated 50-60 per cent of our graduates from tertiary institutions cannot find adequate jobs on completion of studies," she said.
The vast majority of Nigerians live on less than $2 a day, despite having Africa's biggest oil and gas industry.
Widespread poverty has led to the growth of militant groups in the oil-producing Niger Delta in recent years, and has helped stoke sectarian tensions in the country's "Middle Belt."

THISDAY NEWS