IMF Predicts Oil Could Slump To $20 In 2016.

The days ahead may just be harder than envisaged as the International Monetary Fund (IMF) says crude oil prices may slump to as low as $20 per barrel in 2016.

Following the release of the “IMF Executive Board Concludes 2015 Article IV Consultation with Iran” report, the body highlighted that the price of crude oil could drop between $5 and $15 in 2016.
According to IMF, the dwindling oil prices would not have overtly negative effect on Iran, whose gross domestic product (GDP) is expected to rise four to 5.5 percent by 2017.

Bayelsa Communities Drag Chevron To US Court Over 2012 Oil Rig Explosion

Coastal communities in Bayelsa State impacted by the January 16, 2012 KS Endeavour Rig Explosion in Chevron’s oil field have dragged the oil firm to a San Francisco court in the United States of America.
The News Agency of Nigeria (NAN) reported that representatives of victims visited Bayelsa State Commissioner for Environment, Mr Iniruo Wills, on Thursday, in Yenagoa, the state capital.
Speaking during the visit, Mr Alagoa Morris, Coordinator of the Lead Plaintiffs, said that the team’s advocacy visit to the commissioner was to solicit the support of the state government in the legal action.

Buhari To Nigerians: 'We Will Keep Our Promise'

PRESIDENT Muhammadu Buhari has assured that his party's 'Change' slogan is no gimmick as he is determined to fulfill the promises he made to Nigerians.
In his Christmas message to Nigerians made available to the media in Abuja, on Thursday, he also reaffirmed that his administration would recover stolen funds and block leakages.
The president urged Nigerians not to be discouraged by the current state of the economy and security, saying that never again would the nation be held to ransom by any group.

US Blocks UK Muslim Family From Boarding Plane To Disneyland.

Prime Minister David Cameron’s office said Wednesday he will look into a lawmaker’s claim that United States officials prevented a British Muslim family of 11 from flying to Disneyland for a planned holiday, The Associated Press reported.  Stella Creasy, a member of the opposition Labour Party, says U.S. officials gave no explanation for refusing to allow her constituents to board a flight from Gatwick Airport on Dec. 15.

A top Muslim group said cases like it appear to be related to religion and are worrying for British Muslims, and that a lack of information from U.S. officials is distressing.

We Will Wait For Outcome Of MTN's Suit Before Enforcing $3.9bn Fine, Says FG

Nigeria will await the outcome of a court case filed by mobile phone operator, MTN, before any enforcement of a $3.9 billion fine against the South African firm, a spokesman for the telecommunications ministry said, on Wednesday.  "The Federal Government, NCC (regulator) or any government agent will not do anything at the expiration of the December 31 deadline that MTN had to pay the fine," the spokesman said. "Now that they (MTN) have gone to court, we will await the outcome of the case," he added.
Tribune.

2016 Budget, Nigeria’s Best Ever – Opadokun

A renowned legal practitioner and rights activist, Chief Ayo Opadokun, has described the N6.08 trillion 2016 budget presented by President Muhammadu Buhari as the best ever in the nation’s history.  Speaking with journalists during the 13th edition of Ayo Opadokun’s Christmas Carol in Offa, Kwara State, the former General Secretary of the defunct National Democratic Coalition (NADECO), said the budget is practically pro-masses.

Ghana Minister Resigns Over Bus Branding

Ghana’s transport minister has resigned after reports that her ministry overspent 3.6 million cedis ($947,000) to paint more than 100 buses in national colours and with portraits of Ghana’s recent leaders.

The branding, by a private firm, involved respraying the imported passenger coaches and adding pictures of the country’s last four leaders, including current President John Mahama, Reuters reported.  Opposition groups and anti-corruption bodies have raised concern over the money spent, which they said was far too much, forcing the presidency to set up an investigation.

Ijaw Elders Ask Tompolo And Kuku To Honour EFCC’s Invitation.

Izon Okosu-Otu, the umbrella body of Ijaw Council of Clders, has called on all its sons and daughters summoned by the Economic and Financial Crimes Commission (EFCC) to honour the invitation.
In a statement issued by Bare Etolor, chairman of the Delta state chapter of the group, Izon Okosu-Otu asked them to “go and prove their ionncence”.

Cleric Advocates English Language Lessons For Al-Majiri Students

An Islamic Scholar, Alhaji Miftaudeen Balogun, on Wednesday advocated for English Language lessons for students in Almajiri Integrated Schools in the country. Balogun, the leader of Abuja Chapter of Dairat Jafariyat Fitorikat Tijaniyat Islamic organisation of Nigeria, made the call in an interview with the News Agency of Nigeria (NAN) in Abuja. He said that understanding English language, which was general language of communication in the classroom, was one of the major problems faced by the students. The cleric said that this challenge scared many students to escape from the school and return to the streets to beg for alms.

THE COMING SAUDI COLLAPSE

Originally appeared at Consortiumnews; Written by Daniel Lazare

Is the Saudi monarchy coming apart at the seams? Scholars and journalists have long predicted the kingdom’s demise, but this time the forecasts may finally prove correct.

Continue reading after the jump.

Technically we have won the war against Boko Haram - Pres. Buhari

President Buhari says that his government has technically won the war against Boko Haram. He said this in an interview with BBC
"I assure you we haven't failed. Adamawa state, Yobe state are free from Boko Haram. Borno state which is there base, I think they have two to three local government. Boko Haram has reverted to using IEDs Improvised Explosive Device, indoctrinating young girls from 15 years and below to go and explode it in churches, mosques, market places, motorparks.

French Peacekeepers Sexually Abuse African Children, Bestiality Rumored

A scandal involving French peacekeepers, accused of sexually exploiting children in Central African Republic, harms the image of the West, Sylvie Baipo-Temon, a spokesperson for the ad hoc committee of the diaspora for Peace in Central African Republic, told Nigeria Property.

The very soldiers who were supposed to end a conflict and bring peace to the country were doing exactly the opposite, bringing more suffering to the most vulnerable segment of the population — children, said another person familiar with the issue, Jean-Barack Ouambeti, the head of the non-governmental organization (NGO) Gender Based Violence.

9 of Top 10 things that turn real men off in a lady at first glance (Indecent dressing)

9) Indecent dressing:
I can't even stress this enough.Many ladies go about unclad yet with cloths on and i do not see why any reasonable and responsible man will put a ring on such a lady except there is another motive. Guys love to imagine what is under those attires so please don't show us everything.
    

10 of Top 10 things that turn real men off in a lady at first glance (Smoking)

10) Smoking and alcohol intake
I can't even start to describe how repulsive it will be for me to enter a place and find a lady spewing out smoke from her mouth or with a bottle of liquor in her hand.How do i even say hi to such but then some guys might just be ok with such ladies.

If every lady is asked to state the type of man they want, they will readily use the words"i want a real man" and then i wonder how unreal they can ever be. A lady who uses fake eyelashes,eye lenses,nails,and so on should wish for a fake man and not a real man.

My advice is that every lady should try to look as natural as she can because real men love ladies who look natural and if every lady reading this wants to really confirm this write up please do this..If you are "guilty" of any of the things i wrote above just ask your man his sincere view about it and hear his response.
    

Kaduna APC To Suspend Shehu Sani

All Progressives Congress, APC Kaduna Chapter, appears to have concluded plans to suspend the Senator representing Kaduna Central, Shehu Sani from the party over the unresolved rift between him and Kaduna Governor, Malam Nasir El-Rufai .

The party had Wednesday sent a letter to Senator Shehu Sani inviting him to appear within seven days before a disciplinary committee set up by acting Chairman, Shuaibu Idris to clear himself over what the party termed “Anti Party Stand” of the senator.

Pay Me My Money - Fasehun To Buhari

I didn’t collect N2.8bn from Jonathan, pay me my money – OPC leader tells Buhari

Founder of the Odua Peoples Congress, OPC, Dr. Fredrick Fasehun yesterday requested the President Muhammadu Buhari-led Federal Government to pay him and his organisation the money owed them for the protection of the nation’s oil pipelines.

Speaking at a quarterly interactive media roundtable in Lagos, the national chairman of the Unity Party of Nigeria, UPN, explained that six companies were given the contract by the Goodluck Jonathan administration to guard pipelines belonging to the Nigerian National Petroleum Corporation, NNPC.

The Year 2015... A Rundown Of Events

In a few days’ time, this year of our lord 2015 will become history, paving way for the new year 2016. In this extract, I try to highlight some moments of the year 2015 that shook the world, put some countries in distress and so many families in grief. Just like I did last year 2014, I will also try and do some justice to this year 2015. Incase you missed that of 2014, this link https://web.facebook.com/sixtus.ahumaraeze/posts/381046868729466 will guide you down memory lane.
2015 to some has been a great year, to a few a year not so good and equally no so bad, to many a year to forget. 2015 brought alongside it some ray of hope for so many people who wanted to forget the ghost and bad happenings of 2014 and find succour in the year 2015.
This year came so fast and equally went so fast. So let’s take a look into what transpired in the year 2015.

28-Yrs_Old Trader Allegedly Kills His Friend Over N5000 Electricity Bill

The above Photo is his Late Friend, Nwabuike Ezeike. A 28-year-old trader, Chukwuebuka Okeke, has allegedly killed his friend and roommate, Nwabuike Ezeike, 39, after a disagreement over a N5, 000 electricity bill. we learnt that the incident happened on Tuesday on Tokosi Street, Orile-Iganmu. 

One of their correspondents gathered that the friends, who were traders on the Lagos Island, had been together for a long time. They were also said to have contributed money for the rent of the single-room apartment.

The men, who hail from the same Ishida community, in the Anocha Local Government Area of Anambra State, however, had a disagreement over their electricity bill.

Diezani Ties Suspended Indefinitely By Caribbean Country

The Prime Minister of Dominican Republic, Roosevelt Skerrit, has suspended his country’s ties with Diezani Alison-Madueke following are arrest in the United Kingdom.
In an official statement issued by Skerrit, he noted that the Caribbean country never discussed the idea of relocating to Dominican Republic with Diezani.
Below is an official statement issued by the Office of the Prime Minister of the Commonwealth of Dominica in relation to certain allegations of a malfeasant nature on particular ties with NigerianDiezani Alison Madueke. Caribbean Times shares the full statement.
There is no truth to the rumour of a former Government Minister of Nigeria being offered or encouraged by the Prime Minister or Government of Dominica to make The Commonwealth of Dominica her home.

Buhari Insists On $38 Oil Benchmark For 2016.

President Muhammadu Buhari presented the 2016 budget to a joint session of the national assembly on Tuesday, maintaining that the oil benchmark would be at $38 per oil barrel, against the OPEC rate of $30.74 per barrel. The N6.08 trillion budget has a deficit of N2.22 trillion, and the exchange rate was pegged at N190. The capital expenditure rose from N557 billion to N1.8 trillion, which is 30 per cent of the total budget.

The president said about 2.1 trillion of the budget will be financed through foreign and domestic loans, revealing that the loans will be used for capital projects.

We’ll Hold You To Every Word, Dogara Tells Buhari.

Yakubu Dogara, speaker of the house of representatives, says the national assembly will hold President Muhammadu Buhari to every word and provision in the 2016 budget.
Buhari had presented a N6.08 trillion budget before a joint session of the national assembly on Tuesday.  In his presentation, the president projected a capital expenditure of N1.8trn, which is 30 percent of the total budget.

PDP Promoted Political Banditry For 16 Years –Umeh

Chief Victor Umeh is the immediate past national chairman of the All Progressives Grand Alliance, APGA. He contested for the Anambra Central Senatorial seat, after which Uche Ekwunife was declared winner by the INEC. Umeh in this interview with EMMANUEL EZEH shortly after the Court of Appeal ordered a rerun of the election, pronounces the PDP dead in Anambra State. Excerpts.

20 Things Nigerians May Experience In 2016 Under Buhari’s Govt, By Fayose

Barely nine days into the new year, Governor Ayodele Fayose of Ekiti State has stated 20 things Nigerians should expect to happen under the President Muhammadu Buhari-led government in 2016.
In a statement personally signed by Fayose, yesterday, he said: “Fellow Nigerians, I want you to take note of the followings that will unavoidably happen under the Buhari-led government in 2016.”
1. Workers Strike: There will be so much industrial unrest, especially in the first quarter of the year.
2. Subsidy: There will be removal of fuel subsidy and petrol (PMS) will sell over and above N100/litre, leaving the masses in more serious hardship. Product will not be available and long queue in petrol stations will persist throughout the first quarter of 2016 and beyond.

Budget Process In Nigeria Is ‘A Joke’, Says Utomi.

Pat Utomi, renowned political economist and social analyst, on Tuesday described budget process in Nigeria as “a joke”.
Speaking on Sunrise Daily, a breakfast programme on Channels Television, Utomi alleged that there is no discipline in the way the government goes about the implementation of budget.
He said he prefers using his “valuable time” for more profitable things than analysing the country’s budget.

“For more than fifteen years I don’t discuss budget in Nigeria, because I consider the budget process as a joke,” he said.

THE QUESTION: With OPEC Oil At $30, Is Buhari’s $38 Budget Benchmark Feasible?.

President Muhammadu Buhari presented a budget proposal of N6.08 trillion to a joint session of the national assembly on Tuesday, insisting on the oil benchmark of $38 per barrel.
The price is above the $30.74 per barrel rate of the Organisation of Petroleum Exporting Countries (OPEC), which coordinates petroleum policies of its member countries –Nigeria is one.
According to OPEC secretariat calculations, the price of a basket of twelve crude stood at 30.74 dollars per barrel on Monday, compared with $31.63 the previous Friday.
The price has fallen over $5 in the past one month, with Western Texas Intermediate (WTI) trading at $35.81 and Brent crude at $36.05 a barrel – its weakest since July 2004 – before recovering slightly to $36.56 early on Tuesday.