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The National Bureau of Statistics (NBS) says Nigeria has realised N118.49 trillion from unsmooth production as well as refining from 1961 to 2014. The NBS report, which has additional information from the Nigerian National Petroleum Corporation (NNPC), said: “The oil statistics on unsmooth oil production as well as oil refining reflects that a full 32.70 billion barrels of unsmooth oil valued at N118.49 trillion has been produced betwixt 1961 as well as 2014. “The highest barrels of unsmooth production was recorded inwards the twelvemonth 2005 amongst 918.66 1000000 barrels valued at N6.14 billion. “The lowest was, however, recorded inwards 1961 amongst 16.80 1000000 barrels valued at N18.73 million. “The yearly domestic unsmooth oil refining information from 1997 to 2014 besides reflected that 844.19 1000000 of unsmooth oil has been received as well as 835.58 1000000 processed inside the stream nether review.’’ Sumber http://www.adeolafayehun.com/

Passengers on Wed lynched a police line man  after he shot dead a rider in addition to wounded about other next a heated declaration over an alleged N50 bribe. The inspector who led 1 of his subordinates to mountain a banking company check signal at Wuro-Dole hamlet inwards Girei Local Area, Adamawa State was said to convey rejected a N50 bribe offered past times a commercial driver. This it was gathered led to heated declaration which resulted inwards the incident. Motorists told  Daily Trust  correspondent that the police line man, an inspector opened burn at a rider who insisted that the N50 bribe would non last raised to N100. "The police line inspector had misunderstanding amongst the rider in addition to thus he fired at them. He straightaway killed him in addition to injured about other person. "When the passengers charged at him, he threw away his rifle in addition to ran earlier they caught upwardly amongst him in addition to killed...

The Federal Government on Th released the proceeds of the N100 billion Sukuk bond for 25 route projects across the country. The Minister of Finance, Mrs. Kemi Adeosun, handed over the N100 billion proceeds banking enterprise fit to the Minister of Power, Works together with Housing, Mr. Babatunde Raji Fashola, inwards Abuja. The federal authorities had issued the sovereign debut Sukuk of N100 billion inwards September, which was successfully completed terminal week. The Sukuk bond has a tenor of vii years. Adeosun said the offering was oversubscribed to the melody of N105.87 billion. She besides said the milestone was a sign of confidence inwards the Nigerian economic scheme together with the management of President Muhammadu Buhari. The government minister added that the Sukuk proceeds would unlock the potentials of Nigeria. She said: “This is the kickoff Sukuk bond issuance for Nigeria. It is close fiscal inclusion together with deepening of our fisca...

Thousands of protestors turned out inward the West African province of Togo on Th for the minute twenty-four hr menstruation running, inward a drive aimed at forcing out President Faure Gnassingbe. Demonstrators converged from iii points inward the uppercase Lome for what was billed every bit a “march of anger” against a line of piece of occupation solid unit of measurement which has ruled Togo for l years, culminating inward a rally on the seafront. “Demonstrators convey used rocks to block the route from Gakpoto to St. Joseph’s school, in addition to others are preventing cars from going through,” Amnesty International’s managing director for Togo, Aime Adi, said. In Atikoume district, angry youths refused to follow the march itinerary laid upwards downward past times the 14-party opposition coalition, in addition to said they would block streets, an AFP journalist saw. However, inward some neighbourhoods on the march route, tension that was noticeable on Midweek...

President Muhammadu Buhari has presented Aishah Ahmad to the Senate for confirmation every bit Deputy Governor of the Central Bank of Nigeria, CBN. She is to supersede a sometime Deputy Governor, who retired early on this year. In accordance alongside the provisions of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007, President Buhari urged the Senate President, Bukola Saraki, to consider the expeditious confirmation of Mrs. Ahmad, who would as well as thus resume operate immediately. In the same vein, the president has written the Senate, seeking the confirmation of 24-hour interval of the month of members of the Monetary Policy Committee of the CBN. They are to supersede iv members, whose tenure expires at the destination of this year. The nominees are: Adeola Adenikinju; Aliyu Sanusi; Robert Asogwa as well as Asheikh Maidugu. After Senate clearance, the novel members of the Monetary Policy Committee are to resume duties side yesteryear side Ja...

US officials said iii U.S.A. Army especial operations commandos were killed Midweek together with 2 others were wounded when they came nether burn downwardly inward southwest Niger. The officials said the 2 wounded were taken to Niamey, the capital, together with are inward stable condition.  The officials were non authorized to hash out the incident publicly then spoke on status of anonymity. The officials said the commandos, who were Green Berets, were probable attacked yesteryear Al Qaeda inward the Islamic Maghreb militants. In a statement, U.S.A. Africa Command said the forces were amongst a articulation U.S.A. together with Nigerien patrol due north of Niamey, most the Republic of Mali border, when they came nether hostile fire. Africa Command said the U.S.A. forces are inward Niger to supply preparation together with safety assistance to the Nigerien Armed Forces inward their efforts against vehement extremists. AP Sumber http://www.adeo...

Russian President Vladimir Putin in addition to Saudi Arabia's King Salman convey opened talks at the Kremlin inwards the showtime official catch of a Saudi monarch to Russia. The king's talks alongside Putin on Th are expected to focus on the global fossil oil marketplace in addition to the conflict inwards Syria. Relations betwixt the 2 countries convey oft been strained. During Cold War times, the Saudis helped arm Afghan rebels fighting against the Soviet invasion. The kingdom, much similar Russia, has been hitting yesteryear a autumn inwards fossil oil prices inwards recent years. Despite regional disagreements, the 2 countries institute mutual terra firma on loose energy policy inwards Nov when they led a bargain betwixt OPEC in addition to non-OPEC states to cutting production inwards a bid to shore upwardly unsmooth prices. AP Sumber http://www.adeolafayehun.com/