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Thursday, August 28, 2014 Vol. 1 No. 191
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Shell to net $5bn from sale of Nigerian oilfields Ayodele Aminu
S
ome Nigerian oilfields owned by a Royal Dutch Shell-led consortium are close to being sold for about $5 billion to domestic buyers, The Financial Times of London
reported yesterday. Last year, Shell put up for sale its 30 per cent shares in four oil blocks in the Niger Delta - Oil Mining Licences (OML) 18, 24, 25, 29 - as well as a major pipeline, the Nembe Creek Trunk Line.
The price of the four oilfields and a key pipeline co-owned by Shell, France’s Total and Eni of Italy has doubled since initial estimates towards the end of last year and the latest moves by oil and gas major corporations to
reduce their onshore oil presence in Nigeria. The Financial Times quoted sources as saying the sale could amount to $5.2billion, adding that the figure could still change as the companies negotiated the final details.
Reuters also confirmed that Shell had reached deals on some of the four Nigerian oil fields it has offered for sale but refusing to give details on the value of the deals nor when the full process would be comCONTINUED ON PAGE 4
Jonathan, Obasanjo hold talks to check insecurity lCameroun kills 27 Boko Haram militants in border clashes lNigeria’s sovereignty to be asserted in Gwoza, others soon, says DHQ Anule Emmanuel, Emmanuel Onani and Kunle Olayeni
P
resident Goodluck Jonathan and former President Olusegun
Obasanjo yesterday met behind closed doors to find a way of tackling the security challenge bedevilling Nigeria. The meeting, which held at the State House,
Abuja, at the instance of the president, came just as Cameroun announced that its troops had killed 27 Boko Haram militants during a gunfight in the northern part of the country.
It was learnt that the two leaders, who have enjoyed a frosty relationship in the last few years, discussed the insecurity foisted on the North by Boko Haram, which has
killed about 3,000 people this year. Obasanjo had in 2011 seized the initiative to open negotiations with the outlawed group with a visit to Maiduguri, the
A cross-section of human rights activists during a candle light procession for the late Dr. Stella Adadevor, who lost her life to Ebola virus in Abuja…yesterday.
Borno State capital, where he met family members of Ustaz Mohammed Yusuf, a former leader of the Boko Haram sect, who was extra-judicially murdered CONTINUED ON PAGE 4
PHOTO: ELIJAH OLALUYI
Ebola: Danger not over yet, says Fed Govt LAGOS
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lJonathan condemns stigmatisation of Nigerians lUN commends Nigeria on fight against EVD Anule Emmanuel and Emmanuel Masha
T
he Federal Government yesterday dampened Nigerians’ celebratory mood over the
containment of the Ebola Virus Disease (EVD) in the country with a warning that EVD traits are still prevalent in the country. Minister of Health, Prof. Onyebuchi Chukwu,
who had on Tuesday said Nigeria was close to winning the war against EVD as only one case was left,
however explained that although the country has recorded tremendous success in
containing the disease, the battle is not yet over. Chukwu told State CONTINUED ON PAGE 3
40 killed in renewed Nasarawa crisis }5