BREAKING NEWS: 2016 Batch A (Stream II) Orientation Course Starts Monday 13th June

A statement from the Management of the National Youth Service Corps(NYSC), late Monday in Abuja states that the Orientation Course for the 2016 Batch A Stream 11 Orientation course will start from MONDAY 13th JUNE to WEDNESDAY 29th JUNE 2016 Nationwide.

Oil prices jump amid supply worries

Oil prices rebounded Monday as investors worried about plummeting Nigerian production after a militant attack in Nigeria.

Output of Nigeria's Bonny Light crude has fallen by an estimated 170,000 barrels per day (bpd) following recent attacks on pipeline infrastructure, according to media reports Monday.

Oando secures $475m loan

Nigerian oil firm Oando said on Monday it has secured a 94.6 billion naira ($475 million) loan facility from 10 domestic banks under plans to restructure its finances and return to profitability this year.

The financing was led by Access Bank, includes Diamond Bank, Ecobank, FCMB, Fidelity Bank, Stanbic IBTC Bank, UBA , Union Bank and Zenith Bank.

The facility is a five-year term loan, paying Nigerian interbank rate plus two percentage points with a three-year moratorium on principal.

"In a bid to return to profitability in 2016, I am happy to announce the successful completion of restructuring our overall debt profile," Chief Executive Wale Tinubu said in a statement.

Oando is still due to post results for 2015, having reported a $246 million loss in the nine months to September. The company posted a record loss of $1.10 billion for 2014.

It paid $1.5 billion to acquire ConocoPhillips' Nigerian business in 2013, when oil prices were at a peak. But high financing costs coupled with the plunge in oil prices have hit profits, leaving it unable to service its debt.

In April, Fidelity Bank said it had placed a 22.4 billion naira ($113 million) loan to Oando on a watchlist and taken a special provision of 5 percent on the advice of Nigeria's central bank to all lenders exposed to the company.

Fidelity then said the central bank had given lenders a deadline to reach a deal to resolve the debt issue, which would include a sale of assets.

Oando said on Monday its restructuring plan would include the sale of assets worth $350 million this year.

Jonathan Opens Up: I am Being Investigated for Corruption

Goodluck Ebele Jonathan, the former president, says he is currently under investigation for corruption.

In an interview with Bloomberg TV, Jonathan said that he could not make comments about the investigations.

Nollywood Actress, Wife of Jide Kosoko. Henrietta Kosoko is dead

According to several news reports, Nollywood actress and the wife of Jide Kosoko, Henrietta Kosoko has passed on today. Reports came that the 53-year-old actress passed away a couple of hours ago after she slumped and was rushed to the hospital.

Words of Wisdom

As soon as you develop an intimate relationship with an individual, you must work at maintaining the same level of respect that you have expressed at the beginning.

Thousands flee huge wildfire as it bears down on upmarket LA suburb that's home to stars including Kim, Kanye and Kylie Jenner

Thousands of people have been forced to flee their homes and celebrities have been sharing pictures of billowing smoke as a wildfire tears through southern California.

Kim Kardashian and Kanye West left their Calabasas home on Friday just before a third-alarm brush fire sparked up on Saturday in the area and Kylie Jenner shared photos of smoke on social media.

Senate Proposes Life Imprisonment for Culprits of Sale, Production of Fake Drugs

Disturbed by the increasing spate of the production and sale of fake and counterfeit drugs, as well as processed foods and the adverse effects on the citizenry, the Senate has proposed life imprisonment for anyone convicted of the acts.

This provision is contained in a new bill, entitled: ‘A Bill for an Act to Amend the Counterfeit and Fake Drugs and Unwholesome Processed Foods,’ that is currently in the works in the upper legislative chamber.

Is God Dead 2?

God made evil and good because of freewill

True! God said in his word, choose between good and evil, but I implore you to choose good….. Note he advised us to choose light because he is  not happy seeing any one perish, he is not happy when we don’t acknowledge him but still, he gave us the freewill to CHOOSE.

Killing Christians on flimsy excuse unacceptable – Northern CAN

The Northern chapter of the Christian Association of Nigeria has condemned the killing of a 74-year old Igbo market woman, Mrs Bridget Agbahime, accused of blaspheming Prophet Mohammed by irate mobs in Kano State.

The body noted that  the killing of Christians using flimsy excuses was unacceptable.