Tag: falls

  • WAPCo’s gas supply dips by 50% as demand falls

    Reduced demand, pipeline vandalism and inadequate supply have made gas supplies by the West African Pipeline Company Limited (WAPCo) to drop by over 50 per  cent to 70 million standard cubic feet per day (mmscf/d) from the 150mmscf/d capacity.

    Its Managing Director, Mr. Walter Perez, disclosed this during the company’s Agenda for Vendors Forum with its contractors and customers in Lagos. The firm transports 70mmscf/d to its customers.

    He said the sub-regional gas transporting firm has the capacity to transport about 150mmscf/d, but noted that it could only transports 70mmscf/d being the total order placed by its customers. “However, if the request increases, we will transport more,” he added.

    Perez said: “We have the capacity to transport over 150mmscf/d, but what we carry depends on our customers. Vandalism of pipelines had also affected the volume of gas transported before but lately, the volume had come back to normal.

    “Debt is an issue too. We are having debt challenges from some of our customers but the company is working with countries involved to resolve it.

    “Also, there are challenges of non-availability of gas, and during such periods, our customers used to look for alternatives, but our suppliers now have more than enough.”

    The WAPCo chief said the forum was held to enable the company interact with its service providers. “We do this across countries that we operate in. We have done one in Ghana early this year. We will soon hold another one in Togo and Benin. It is to create a safety environment for our vendors and let them know how we operate,” he added.

    WAPCo is a limited liability company that owns and operates the West African Gas Pipeline. It has its headquarters in Accra, Ghana, with an office in Badagry, Nigeria, and field offices in Cotonou, Benin, Lome, Togo, Tema and Takoradi, both in Ghana.

    The company is a joint venture between public and private sector companies from Nigeria, Benin, Togo and Ghana. It is owned by Chevron West African Gas Pipeline Limited (36.7 per cent), the Nigerian National Petroleum Corporation (NNPC) (25 per cent), Shell Overseas Holdings Limited (18 per cent), and Takoradi Power Company Limited (16.3 per cent), SocieteTogolaise de Gaz (two per cent) and SocieteBenGaz S.A. (two per cent).

  • Naira falls to N253 on dollar shortage

    Naira falls to N253 on dollar shortage

    The naira yesterday weakened further in the parallel market, coming down 0.59 per cent to N253 to dollar after the Central Bank of Nigeria (CBN)’s exclusion of some bureaux de change operators from its dollar sale on Wednesday, which  created a shortage of dollars.

    The local currency was quoted at an unofficial 253 to the dollar, down from 251.5 at the previous day’s close. The local currency was trading at 198.97 to the dollar on the official interbank market, close to a rate at which it has been pegged since February.

    The CBN had sold $30.5 million to 1,017 bureaux de change agents on Wednesday, but excluded about 1,801 others from its weekly sale. That led to a shortage of dollars on the unofficial market and pushed the naira lower, said Aminu Gwadabe, president of Nigeria’s bureau de change association.

    “We are in contact with the Central Bank to resolve issues around the exclusion of some of our members from the forex sales and we are expecting positive response,” Gwadabe said.

    A bureau de change operator,  Michael Odoh, said: “The Central Bank has reduced the amount of dollar sold to bureaux de change at its twice-weekly intervention, which has also been cut to once a week now.”

    He said the reduction in volume of dollar sales by the apex bank coupled with year-end surge in demand for foreign currencies by importers, have impacted negatively on the naira. The naira fall was intensified after the CBN mandated BDC operators to get Bank Verification Numbers (BVNs) of customers buying foreign exchange. The policy implementation, which started on November 1, has reduced the volume of dollars sold by BDCs and created dollar scarcity in the market.

    However, the CBN has been able to keep a grip on the local currency movement on the interbank market.

    The apex bank has insisted that the adoption of BVN as a condition for forex purchase is expected to reduce the incidence of multiple purchases, round tripping and illicit transfer of funds, facilitate enforcement of authorised limits of forex sales to  end users, sanitise the retail segment of the market and engender policies that will facilitate better allocation of the forex, based on genuine demands.

    It insisted that the BVN provides the unique identity of each customer for the purpose of achieving effective “Know Your Customer” (KYC) principle and fraud prevention.

  • Bridge falls in Enugu

    Bridge falls in Enugu

     

    A hanging bridge at Ikem in Isi-Uzo Local Government Area of Enugu State has collapsed.

    The bridge served as the only outlet for transporting agricultural products from the area.

    Although no life was lost but the bridge that connected five communities, other local government areas as well as Ebonyi and Benue states had cut-off the commuters motorists and other road users.

    The collapse of the bridge has paralysed vehicular movement in and out of the town and  caused serious hardship to the people of the area and other road users.

    The bridge which was constructed during the Nigerian civil war by the federal troops collapsed when a tanker that went to supply diesel to the generating set powering one of the telecommunication masts in the place was trying to cross the bridge, leaving the tanker hanging in the middle of the bridge.

    Commuters now have take two different vehicles for their journey.   Commercial vehicles and motorcycles stop people at the two edges of the bridge to enable the passengers to cross the river with their legs where they will rejoin another vehicle to continue their journey.

    A resident of Ikem Mr. Toochukwu Ngwu called on governor Ifeanyi Ugwanyi to do something immediately to reduce the suffering of the people whom he said have been completely cut-off from their brothers living in the other side of the town.

     

  • Another tanker falls in Lagos

    Another tanker falls in Lagos

    Another tanker laden with petrol fell in front of a filling station at Oribawa bus stop on Lekki-Epe Expressway yesterday.

    It spilled its cintent all over the road. No life was lost.

    Immediately, the Lagos State Emergency Management Agency (LASEMA) cordonned off the area, warning residents, commuters and others to keep away from the scene to avoid fire outbreak.

    Victims of last Saturday’s petrol tanker explosion, which razed 34 houses and 70 shops at Idimu, Lagos State, remained in shock yesterday.

    A tanker, loaded with 33,000 litres of petrol fell, spilling its contents and wreaking havoc on the neighbourhood.

    Grief-stricken, most of them stood in groups discussing their ill fate as they beheld the charred remains of their valuables.

    They, however, rested their hope on the promise by the state governor, Akinwunmi Ambode, to assuage their agony when he visited the scene last Saturday.

    Ambode, during the visit, promised to meet with tanker drivers today in his bid to stem petrol tanker explosion.

    After the visit, Ambode said: “We don’t want this to repeat itself. We have said it before; we need to address our tanker drivers and start to enforce our traffic laws. I have directed that the union of tanker drivers and the government meet on Monday (today) morning and we must make pronouncement relating to the usage of our roads.”

    The governor promised: “I commiserate with all the people here. I appeal for calm. We would do immediate relief; we would take enumeration and see in what ways we can address your pain. We would do everything in our power to do everything to help them get back to their normal lives.”

    Ambode, who was accompanied by his Deputy, Dr Idiat Adebule, expressed concerns over the spate of fallen petrol tankers in the state, noting that Saturday’s incident came a few days after that of Iyana Ipaja in which several shops and vehicles destroyed.

    “This is another unfortunate incident happening within one week. It is unfortunate in the sense that we are beginning to lose a lot of our assets and property to fire,” he said.

    Meanwhile, another tanker fell in front of a filling station at Lakowe on Lekki-Epe Expressway yesterday.

    It spilled its cintent all over the road. No life was lost.

  • Deluge as ‘October Rain’ falls

    Deluge as ‘October Rain’ falls

    Vast and rich, Nigeria offers abundance as October Rain showcases the country’s centenary in arts, reports Joe Agbro Jr.

    To mark centenary in many clime is a memorable thing. A century after amalgamation of Nigeria by the British government in 1914, different events have celebrated the occasion. And penultimate Saturday, ‘October Rain’, an annual exhibition organised by the Society of Nigerian Artists (SNA), Lagos State, paid tribute to Nigeria’s centenary

    At the opening at Nike Art Centre, Lagos, the ground floor of the Nike Art Centre was a plethora of colours, forms, and shapes as 70 artists under the aegis of the Society of Nigerian Artists, Lagos State exhibited 132 artworks.

    The potpourri of works – mixed media, prints, installation, sculpture, ceramics – featured different nuances of Nigeria and Nigerian life as represented by the artists. Beadworks, paintings, crafts, and photography were all on display. A look round the exhibits hints at theNigerianese of the gathering as various works in varying degrees reveal Nigeria and the Nigerian identity.

    Currently, politics is in the air and politicians are in full mode of canvassing for votes. As 2015 elections are round the corner, the doings of politicians in different grab for votes is exposed. In his painting titled Oro Sunukun (Deep Issue), SaheedAdelakun depicts two men – one offering his head in exchange for naira notes. The message is direct – you die when you sell your votes.

    And going into a peculiar form of mechanical art is kinetic artist BiodunBadmus. His work titled ‘Greetings, Not Fight’ combines mechanical designs creatively such that the three Eyo masquerades sculpted in metal can dance and jiggle to music also produced by the box, all at the flick of a switch.

    This year’s edition, the 16th in the series has as its theme, ‘The Centenary, Nigeria @ 100.’ And exhibiting alongside advanced artists like Bruce Onabrakpeya, Kolade Osinowo, and Kunle Filani were young artists who recently joined the Society. Other participating artists included Olojo Kazeem, Ofodile Okanume, UgbedeojoAtaboh, Funmi Opanubi Alasholuyi, Kunle Adeyemi, and Uche Nwosu.

    October Rain offers young artists an opportunity to exhibit alongside more and very experienced artists. Mr Hasib Moukarim, the managing director of Nigeria Gas and Steel Limited and chairman of the opening ceremony, also noted the importance of mentorship for sustenance of arts and culture.

    “Various landmark events have characterised Nigeria over the past 100 years,” said Moukarim. According to him, these “include experience in the area of independence, achievement in the area of economic development, sports, and most importantly a nation of happy people despite various challenges. Nigerian art on the other hand has become an iconic symbol for excellence, both its traditional, modern and contemporary art forms.  They have received universal acceptance.”

    Moukarim, a special guest at the event, noted that artists who made the Esie Soapstone works, Benin Bronze works, IgboUkwu arts were precursors to contemporary Nigerian art forms while praising the path blazing examples of artists such as Aina Onabolu, Rufus Ogundele, Twins Seven Seven, Bruce Onabrakpeya, Kolade Osinowo and Abayomi Barber.  He also noted the vibrancy and advancement of contemporary Nigerian artists of which he listed the likes of Abiodun Olaku, Sam Ovraiti, Uche James Iroha, Oliver Enwonwu, Peju Alatishe, Olu Ajayi, and others.

    According to him, “Established Nigerian artists have drawn a great deal of interest in not just Nigerian but African arts as a whole. And their successes can be measured by the quality of their works, the rush to acquire them, the prices they command at auctions, and of course depth of its composition and expressive colours. Today’s contemporary Nigerian artists have also continued to expand the deep and rich culture of the nation.”

    A young artist exhibiting is Tega Akpokona. However, looking at his works, one may not easily know that he is just about three years out of university. “Many people have told me that my works are advanced,” said Akpokona, a 2011 fine arts graduate from the University of Benin. He did a salon at Abuja in 2013 and based in Lagos.

    His work, ‘Sober Susurration’ captures beggars in their elements. Though not peculiar to Nigeria, begging in Nigeria can be seen virtually in every part of the country. The piece, according to the artist, is about the indigent people and the painting is just one in a series.

    “I started this documentary on their lives,” he said. “They are people that you will see and you probably won’t take a second glance at. That is the dilemma of artists. You are confined to aesthetics; you have to make it beautiful. I tried to capture them in their innate sober state. I’m trying to portray what they are thinking at that particular point in time. I can’t un-see some things. I have the talents to express what I see visually. I’m sensitive to things like that.”

    He also exhibited another painting, a landscape he titled ‘Nostalgia’, which captured the rural scenery of Auchi, a city in Edo.

    Styles also seem to be catching on and when Mufu Onifade started a painting style he dubbed Araism some years ago, many pundits agreed it was unique. However, Araism seems to be brimming in some younger Nigerian artists, one of whom is IsiavweUfouma.

    “I like Araism and I have been following it,” said Isiavwe who also teaches fine art at Neander International School, Epe. His depiction of Eyo, uses Araism but the wavy patterns synonymous with Onifade’s movement is patterned around forms of circles.

    He also exhibited a bright portrait of a young girl holding a bowl to her mouth which he titled, ‘Greatness would manifest.’

    Like a connexion, this year’s October Rain attracted more school students. Earlier, Dotun Alabi, Chairman of the Lagos SNA had sounded that this year’s October Rain would feature workshops for students. And about 15 schools including Caleb International School and Chrisland Schools turned up for that between Monday and Wednesday.

    Also members of the public would have a chance to vote on the winning works.

    “We will allow the public to participate in a voting session to choose the work of their choice,” he said, “based on their connection and appeal to the works on display with guiding elements and principles. During the Gala Night, there will be an award and prize for the outstanding work.”

    By Wednesday, Alabi said attendance was going on well.

    “We’ve sold a couple of works. And the students have made the exhibition lively with their drawings and their contributions. Most people have said it is the best October Rain that they have ever witnessed,” said the elated Chairman.

     

  • Curtain falls for a media icon

    The remains of the late media icon and former Vice Chairman of The Sun, Igwe Uguru Dimgba Igwe, were interred in his home town, Okafia Igbere in Bende Local Government Area of Abia State, on Saturday October 11. Professionals from all walks of life were there to pay their last respects, reports SUNNY NWANKWO.

    Ndiokeh, Umuikpo Okafia Igbere in Bende Local Government Area of Abia State was in a sorrowful mood, when people from far and near came to pay their last respects to one of its illustrious sons and former vice chairman of The Sun Newspapers, Dimgba Uguru Igwe, who died on September 6. He was 58.

    The funeral service was anchored by the General Overseer of Evangel Pentecostal Church, Maj Gen Paul Toun;  Bishop Humphrey Erumaka of Wordbase Assembly, Ago, Lagos and Pastor Emeka Onyebuchi of Kingdom Fortress Ministry, Enugu.

    The event began at 10:30 am with a lying-in-state.

    The wife and children of the late Igwe, in white attires, sat on the front  seats under a canopy.

    The event, though a sad one, was an opportunity for those who worked closely with Dimgba to share their experiences and give testimonies of his personality.

    His close friend and colleague, Mike Awoyinfa, in a  funeral oration, chronicled his 30 years relationship with his writing partner and a man that saved his life twice.

    Awoyinfa said he would have been happy if, instead of funeral oration, he was reading Dimgba’s citation at a Nobel Prize event or award giving day.

    He stated that  in their 30 years of  friendship, they never quarrelled over money or placed their ethnicity into perspective when relating with each  other or doing business.

    “If this (funeral) had been a Nobel Literature Award I would gladly have stood here to read the profile and achievements of my writing partner. For many times, we had covered the death of many great men like the great Obafemi Awolowo, Nnamdi Azikiwe and Moshood Abiola, among others. It took his death to know he is a great man also.

    “Our story should be the story of Nigeria; let us all come together as one, regardless of our religion or tribe.

    “My brother Dimgba revived me on the streets of Paris where I was at the point of death. The second occasion was when we were writing the biography of Governor Babatunde Fashola in our hotel rooms. I had a crisis and was bleeding profusely and I called him. He rushed into my room and took me to the hospital and my life was saved.

    “I feel very very sad that I could not save him. I feel sadder that I am being asked to give the oration.”

    Other notable men also sent condolence messages. National Leader of the All Progressives Congress Asiwaju Bola Tinubu described the late Dimgba as a star in the profession; consistent, reliable and committed.

    “His unexpected exit shocks and saddens, but we are comforted that he lived a good life and left a powerful legacy of professionalism and service to humanity. The media profession will miss him. However, his stewardship will light the way for a better country.”

    In his tribute, the publisher of the  Sun and former Governor of Abia State, Dr. Orji Uzor Kalu, described Dimgba’s death as a great loss to the establishment, Abia State and the country.

    Kalu, who recalled how the late Dimgba contributed to the growth of the newspaper, said it was difficult dealing with the vacumn the loss of Dimgba has created.

    Abia State Governor Chief Theodore Orji, represented by one of his special advisers, Ifeanyi Iboko, said the state has lost one of its finest brains and responsible men who deserved to live.

    Governor Obiano was represented by Anambra State Commissioner for Information Tony Onyima. The elder brother of the deceased, Prince Hanson Igwe, described the death of his junior brother as one that occurred at the time the country, his readers and the entire family needed him the most.

    Hanson said they were yet to come to grips with the loss and regretted that he was burying a man that was supposed to bury him.

    For his friends in the media, they will miss a man who, with his wealth of experience, would turn a bad story into an interesting one. For members of the Evangel Pentecostal Church, they will miss a man whose professional career did not affect his service and work in the church. And to the people of Igbere, his home town, they will miss the wealth of knowledge the late media icon would have shared and probably the impetus the community needed to launch the agrarian community into limelight.

    In attendance were President of the Nigerian Guild of Editors Femi Adesina; Pastor Ralph Egbu; former Abia State Secretary to the State Government (SSG) Hon. Okey Ezeanata; former Senior Special Assistant to Abia State Government Deacon Agono Duke and former Internal Auditor, UBN Plc and others.

  • DYNAMO FANS BEST PLAYER: Ideye falls to Haruna

    DYNAMO FANS BEST PLAYER: Ideye falls to Haruna

    Nigeria’s duo of Brown Ideye and Lukman Haruna enjoyed misfortune after Dynamo Kien fans voted for the best performers in last weekend’s 2-0 win over “Volyn” at Stadion Avanhard (Luts’k).

    In a release on the club’s official website, Ideye finished on the 10 spot with 71 votes signifying ( 1.63 percent) of the total votes as against Haruna’s 4th place with 261 votes (5.99 percent).

    Interestingly, Ideye’s strike partner Andriy Yarmolenko was chosen the best player of the match by the fans – with a total vote of 2677 (61.43 percent).

    In the encounter Yarmolenko who wore the captain’s armband on the day, scored his sixth goal of the current season and is currently the most lethal Dynamo striker, having to his credit 37 goals scored in the Ukrainian championship.

    However, Ideye is currently placed second in the Ukraine Premier League top scorers chat for the 2012/13 campaign with 13 goals, five strikes shy of current leader, Henrikh Mkhitaryan of Shakhtar Donetsk.

    Player Number of votes %

    A. Yarmolenko 2677 61.43

    Denis Garmash 465 10.67

    Maxim Koval 280 6.42

    Lukman Haruna 261 5.99

    Roman Bezus 167 3.83

    Domagoj Vida 87 2

    Eugene Hacheridi 86 1.97

    Oleg Gusev 83 1.9

    Sergei Sidorchuk 83 1.9

    Brown Ideye 71 1.63

    Eugene Celine 46 6.1

    Danilo Silva 26 0.6

    Admir Mehmedi 26 0.6

  • Rose falls 3 spots behind leader at Qatar Masters

    Rose falls 3 spots behind leader at Qatar Masters

    Justin Rose suffered a one-stroke penalty that left him three shots behind leader Ricardo Santos after the opening round of the Commercial Bank Qatar Masters.

    Runner-up to Jamie Donaldson in Abu Dhabi last week, Rose had to be content with a four-under-par 68 after he was penalised a foot from the hole on the short 17th.

    England’s world No 4 had missed his birdie attempt and was addressing the ball ready to tap in when he noticed it moved a fraction.

    Penalised: Justin Rose lost a shot after his ball moved on the 17th green at the Doha Golf Club

    European Tour referee Paul Carrigill, himself a former player on the circuit, was called and with no wind to blame for the change in position he imposed the extra shot and told Rose to move the ball back before continuing.

    The incident did not unsettle him, however. After holing for a bogey four the 32-year-old found the green in two at the 589-yard last and two-putted for his sixth birdie.

    One of Rose’s playing partners was Ryder Cup team-mate Martin Kaymer. He was playing with Tiger Woods last Friday when the American incurred a two-stroke penalty for taking a wrong drop and missed the halfway cut because of it.

    Rose told Sky Sports he felt ‘completely hard done by’, but accepted the penalty was correct.

    ‘I think that’s happened to a lot of guys in the past. To cut to the chase, the greens aren’t perfect and have a lot of ridges and humps and hollows.

    ‘It was just unfortunate timing that as I put my putter behind the ball, which I know didn’t cause the ball to move, the ball was finding some indentation.

    ‘I’m deemed to have caused it to move even though in your heart of hearts you know you haven’t.

    ‘There has been a change in the rule, but that only applies to a wind gust, when you are allowed to place it back without penalty.

    ‘Unfortunately I was on the wrong end of it, but I guess that’s the good thing about golf- you have to self-police out there. Nobody else in the group saw it, but I knew the ball had moved when I addressed it.’

    Santos, whose victory in Madeira last May made him the first Portuguese winner for 20 years and earned him the Rookie of the Year trophy, finished one in front of England’s Anthony Wall, Scot Peter Whiteford and Frenchman Alexandre Kaleka.

    The 30-year-old from Faro made six unsuccessful trips to the qualifying school before coming through the Challenge Tour two years ago and his fourth-placed finish on Sunday has taken him back into the world’s top 200.

    ‘My short game was really amazing,’ he said after coming home in 31. ‘Last week gave me a lot of confidence, but I don’t want to put any more pressure on my shoulders – I just want to enjoy it.’

    Londoner Wall has had only one victory in more than 400 Tour starts, but was a joint runner-up in the Irish Open last July and, like Whiteford, did not drop a stroke.

    ‘You don’t often get Qatar with no wind and I took advantage of it,’ said the 32-year-old from Kirkcaldy.

    Kaymer matched Rose’s 68, while world No 5 Louis Oosthuizen finished with a double-bogey seven for a 71.

    Sergio Garcia started his season with a 69, but defending champion Paul Lawrie and Open champion Ernie Els could do no better than 72 and could well have to improve on that just to survive the halfway cut.