Wednesday, 5 September 2012

Videonews: Thousands Protest At South Africa's Platinum Mine

News Report: Nigeria Pirates Hijack Oil Tanker Near Lagos

An Oil Vessel
Credit: Reuters

Pirates have hijacked an oil tanker and its crew in the waters near Nigeria's commercial capital Lagos, the navy and a security company said on Wednesday.

The vessel, called the Abu Dhabi Star, was seized on Tuesday night, around 14 nautical miles from the entrance to Lagos port, navy spokesman Kabir Aliyu told Reuters, adding that the crew members had hidden in a room on the ship.

Security firm AKE said the boat was Singapore owned.

"Reports claim the tanker was laden with fuel and is now sailing into the Gulf of Guinea, which suggests that some or all of its cargo will be offloaded into a waiting vessel and subsequently sold on the region's illegal fuel market," an official at the company told Reuters.

Piracy offshore of Nigeria and other countries in West Africa's oil-rich Gulf of Guinea is on the increase, and the region is second only to the waters off Somalia for the risk of pirate attacks, which drives up shipping insurance costs.

It nets huge sums for armed gangs from stolen cargo, although unlike their Somali counterparts they rarely ask for ransoms, releasing crew as soon as they've looted the vessel.

A Greek-operated oil tanker seized off Togo at the end of last month was tracked down on Wednesday off the coast of Nigeria under the control of pirates. AKE said some 3,000 tonnes of gas oil, worth around $3 million at market value, was stolen.

News Release: U.S. Department Of State Honours Grace Ihejiamaizu of Nigeria As State Alumni Member of the Month Of September 2012

Grace Ihejiamaizu

The U.S. Department of State selected Grace Ihejiamaizu as September’s State Alumni Member of the Month in recognition of her dedication to developing Nigeria’s next generation of leaders. Ihejiamaizu participated in the 2010 Study of theUnited States Institute for Student Leaders (SUSI) Program on the theme of Social Entrepreneurship. She has since applied these entrepreneurial concepts in Nigeria by founding an after-school youth program.

Ihejiamaizu’s SUSI experience allowed her to examine how business techniques and entrepreneurial skills can be used to address social issues. Motivated by this knowledge and following her passion to help young people, Ihejiamaizu returned to Nigeria and launched Raising Young and ProductiveEntrepreneurs (RYPE).

This after-school youth development program offers skills trainings, internship placements, volunteer activities, and a peer mentoring club to educate, engage, and empower Nigerian youth to become leaders and entrepreneurs. Since its inception in 2011, RYPE’s has reached more than 150 Nigerian youth.

As a young social entrepreneur, Ihejiamaizu has already won considerable national and international recognition. In 2010, Ihejiamaizu was recognized by SIFENigeria, for her Outstanding Contribution towards a Better Society. In 2011, she was named one of Google’s 12 Brightest Young Minds in the World and was invited to attend Google’s prestigious event, Zeitgeist Minds 2011. Also in 2011, Grace won a grant from the Young African Women Leaders Forum Small Grants Program in support of her RYPE initiative. Most recently, she was one of 60 young people selected from more than 2000 applications to attend the British Council’s GlobalChangemakers event.

Each month, the Bureau of Education and Cultural Affairs’ Alumni Affairs Division, which supports alumni as they build on their exchange experiences, recognizes one outstanding alumnus or alumna. Throughout September, Grace Ihejiamaizu will be recognized on the State Alumni website, ECA’s official website for the more than one million Department-sponsored exchange alumni worldwide.

News Report: Royal Dutch Shell Plc Divests 30% Of Nigerian Interest

Royal Dutch Shell Plc said that its subsidiary in Nigeria, Shell Petroleum Development Of Nigeria Limited(SPDC) has divested its 30 percent interest in Oil Lease 40 in the South-South region of Nigeria. The deal reportedly fetched SPDC, the sum of $102 million, chidi opara reports learned.

The interest was sold to Elcrest Exploration and Production Nigeria Limited. Elcrest is a joint venture between Scottish Eland Oil and Gas and Nigerian Starcrest.  

Elcrest also got10% from the Nigerian subsidiary of Total SA and 5% from Nigerian Agip Oil Company Limited, making its total stake 45%. Nigeria’s National Oil and Gas Corporation, Nigerian National Petroleum Corporation(NNPC) controls the remaining 55%.

This sale is Shell’s sixth divestment in Nigeria since 2010.

Shell sold stakes in Oil Mining Lease 26 in December 2011 to FHN26 Limited, a subsidiary of Afren Plc, for $98 million. Oil Mining Lease 42 was also sold to Neconde Energy Limited for $390 million.