2018 – Page 13 – FancyTvChannel

Bonga oilfield has produced 763mn barrels of oil since 2005 – Shell

Shell Nigeria Exploration and Production Company (SNEPCo) yesterday disclosed that it has delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, Leadership reports. In addition, the company said it is expanding the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga North West field in August 2014. A statement signed by the company’s spokesperson, Bamidele Odugbesan quoted SNEPCo managing director, Bayo Ojulari, as saying that the…

White House Denies report that President Trump wants U.S. troop drawdown in South Korea

fancytvchannel

The White House is denying a published report that President Donald Trump is seeking options to reduce the U.S. troop presence on the Korean peninsula.The New York Times reported Friday that Trump ordered the Pentagon to prepare options for drawing down U.S. troops in South Korea, just weeks before he meets with North Korea’s Kim Jong Un. Trump has expressed frustration that South Korea does not contribute enough to fund U.S. forces that bolster its defenses. National security adviser John Bolton said Friday that Trump “has not asked the Pentagon…

Palestinian leader apologizes for speech condemned as anti-Semitic

fancytvchannel

Palestinian Authority President Mahmoud Abbas has apologized for remarks in a recent speech that were widely condemned anti-Semitic. In a statement released by his office, Abbas said he did not intend to cause offense in a speech to the Palestinian National Council on Monday, in which he claimed the Holocaust was driven not by anti-Semitism but by a reaction to the financial activities of European Jews. In his speech, citing books written by what he described as Zionist Jewish authors, Abbas also re-aired a discredited theory that Ashkenazi Jews hail…

Nigeria have talented fearless youngsters, Say’s Joseph Yobo

fancytvchannel

Joseph Yobo has urged Nigeria to focus on their first game rather than dream of the 2018 FIFA World Cup Russia™ Final, and backed them to hold their own against Argentina. The Super Eagles begin their Group D campaign against Croatia in Kaliningrad, before taking on Iceland and then Lionel Messi and Co. “It should be one game at a time,” Nigeria’s joint-most-capped player (101 appearances), who played at Korea/Japan 2002, South Africa 2010 and Brazil 2014 before retiring, told News Agency of Nigeria. “You don’t go to the World…

Oando PLC Announces First Quarter, 2018 Results, Posts N4.2 Billion Profit-After-Tax

fancytvchannel

Indigenious oil company, Oando PLC has registered yet another win with the publication of N4.2 billion profit-after-tax (PAT) in its Q1 2018 results, despite the ongoing SEC-led forensic audit into the affairs of the firm. Oando has cashed into the favourable micro and macro business environment characterised by an increase in national oil production, exchange rate stability, as well as an increase in global oil prices which averaged $66 per barrel in the first quarter of the year, $3 more than the projected average of $63 for 2018 and 2019….

U.S. govt spends $4.6 billion in 14 years on HIV/AIDS in Nigeria

fancytvchannel

US President Emergency Plan For AIDS Relief (PEPFAR) has spent about $4.7billion in the past 14 years to fight HIV/AIDS in Nigeria. The Country Director, US Public Health Service, Mahesh Swaminathan, stated this on Thursday at a press conference attended by Nigerian officials on the forthcoming Nigeria Aids Indicators and Impact Survey (NAIIS) in Abuja. NAIIS is a national household survey to be conducted by the Nigerian government with support from PEPFAR and other partners. The survey, which will begin in June, will last for about six months and cover…

Moody’s Investors Services upgraded Moscow-based multilateral development bank to A3 with stable outlook

fancytvchannel

Moody’s Investors Services upgraded Moscow-based multilateral development bank International Investment Bank (IIB) long-term rating to A3 with a stable outlook on April 30, the bank said in a statement. “The main drivers for the rating upgrade are IIB’s improvement in asset quality, more robust risk management systems, an increasingly diversified loan book and funding strategy and the strengthened credit quality of its treasury portfolio,” Moody’s said in a press release. Moody’s said that IIB’s new medium-term strategy will likely maintain these improved credit features, including the Bank’s ability to contain…

National Theatre of Scotland production of Adam in rehearsal at the Beacon Arts Centre, Greenock

fancytvchannel

The National Theatre of Scotland production of Adam returns to Scottish stages – opening at the Beacon in Greenock from Fri 4th May and then going on to the Brighton Festival, Dundee and London later in the year. The play tells the story of a young trans man, Adam Kashmiry who flees from Egypt to Scotland in search of a place to call home. He arrives in a girl’s body as an asylum seeker in 2010- his story of struggle and transition was turned into a stage play and production…

Local election results 2018: Tories win back Barnet amid Labour anti-Semitism row

fancytvchannel

Labour leader Jeremy Corbyn insisted “there is more to come” as his party failed to make the sort of gains it had hoped for in England’s local elections. The party failed to take several targets from the Tories, including Wandsworth, but won back Plymouth and became the largest party in Trafford. The Tories won Barnet and gained from a collapse in UKIP’s vote, celebrating wins in Basildon and Peterborough. The Lib Dems regained control of Richmond, in London, from the Tories. Ninety nine council results have been declared, with the…

Sainsbury’s vows to slash prices after Asda merger

fancytvchannel

Sainsbury’s has confirmed plans to merge with Asda, which is currently owned by US supermarket giant Walmart. The supermarkets said that grocery prices would fall in both chains as a result of the merger. Sainsbury’s chief executive Mike Coupe also said the deal would not lead to store closures or job losses in stores. The combination of the UK’s second and third largest supermarkets would create a giant, representing nearly £1 in every £3 spent on groceries. Mr Coupe – who will lead the new combined group – said he…