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Investing in agriculture: Way out of current economic challenges in the country

We are faced with realities that oil cannot do it alone anymore, going by the current oil price. It is evident that Nigeria does not produce oil directly. We do it through joint venture patterns like Exxon Mobil, Shell, Chevron, and Agip. Their production cost per Barrel is about $20, after deducting production cost, the profits are then shared 60: 40 between Nigeria and the oil major. At $100/ barrel, with a production cost of $20/ barrel; the gross profit left the oil companies deduct their cost by $80 per barrel, which would then be split between the companies and Nigeria at 60: 40 ratio. This means that at $100 per barrel Nigeria gets about $48/ barrel (60% of the $80 gross profit per barrel) which translates to about $40 billion per year.

The case of Detained mother of triplets: My defence, medical director

THE story of 27- year-old Gloria Okorie, who was allegedly detained seven weeks after she was delivered of a set of triplets, caused a stir when it hit the headlines last week. Gloria, claimed that negligence on the part of the management of Blessylva Hospital and Maternity Home, Agege, Lagos, where she was allegedly detained over inability to settle outstanding bills, led to the death of one of the babies.

Changing Nigeria goes beyond APC, PDP — Gov Ahmed

Governor Abdulfattai Ahmed of Kwara State is so passionate about the development of his state that he recently travelled to China where he succeeded in attracting $56 billion investments for Kwara.

Yakubu emerges as Ize-Iyamu’s running mate

Grassroots politician and former chairman of Esan North East Local Government, Mr. John Yakubu, has emerged as the consensus running mate to the PDP candidate, Pastor Ize-Iyamu.

Sen Shehu Sani lauds China’s Communist Party model

ABUJA—Chairman, Senate Committee on Foreign and Domestic Debts, Senator Shehu Sani, has praised the Communist Party of China, CPC, describing it as a “role model” for political parties in Nigeria.

PDM adopts Ize-Iyamu

The Peoples Democratic Movement (PDM) weekend adopted the PDP candidate, Pastor Osagie Ize-Iyamu, as its candidate for the election.

PDP flays denial of stadium for flag off

The PDP has accused Governor Adams Oshiomhole of denying it the use of the Ogbe Stadium for today’s campaign flag-off saying the denial has worked for the party’s good in leading it to flag off from the House of God.

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