GREAT NEWS FOR FIRST BANK CUSTOMERS!!!

FirstBank Ltd & Paypal Unveil Seamless E-commerce Payment Partnership for Easy & Secure Banking

FirstBank of Nigeria Ltd and PayPal have launched an exclusive strategic partnership to make it easier for FirstBank customers to pay and get paid globally; in a manner that is seamless, secure and convenient.

The partnership is in a bid to solve the challenges Nigerians often experience with paying for goods and services online, while contributing to FirstBank’s push towards a cashless society in Nigeria, coupled with leading innovation in the development of secure online payment systems.

According to Bisi Onasanya, Group Managing Director/Chief Executive Officer – “Over the years, payment cards issued by banks in emerging economies have had the challenge of acceptance for e-commerce transactions, especially by international merchants and online content providers.

Bisi Onasanya (Group Managing Director/Chief Executive Officer)

In recent times particularly, the payment needs of Nigerians have continued to evolve with more people desiring to purchase goods and services online and from far flung markets across the globe.
This need increasingly underscores the imperatives for an internationally and easily acceptable e-commerce payment platform. This partnership is, therefore, opportuned at this time of accelerating e-commerce evolution in Nigeria. It is equally noteworthy, as it syncs with FirstBank’s enhanced service solutions for its SME, e-business, mobile banking and Online banking customers“.

Efi Dahal (PayPal Regional Director, Sub-Saharan Africa & Israel)

Oando Acquires ConocoPhillips for N2.3 Trillion

LAGOS (NAN) ― Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for 1.5 billion dollars (about N2.3 trillion).

The News Agency of Nigeria (NAN) reports that Oando announced the acquisition in Lagos in a statement by Alex Irune, its Head of Media and Communications.

He said the cost outlay of 1.5 billion dollars (N2.43 trillion) was arrived at after customary adjustments plus a deferred consideration of 33 million dollars (N5.34 billion).

According to him, the transaction involved the acquisition of ConocoPhillips’ Nigerian oil and gas businesses consisting of Phillips Oil Company Nigeria Ltd.

ConocoPhilips Oil Company Ltd holds 20 per cent non-operating interest in Oil Mining Leases (OMLs) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Joint Venture (NAOC JV) Ltd.

It said that the other owners are the Nigerian National Petroleum Corporation (NNPC) with a 60 per cent interest and NAOC 20 per cent and operator.

“Conoco Exploration and Production Nigeria Ltd (CEPNL) holds 95 per cent operating interest in OML 131 located 70 km offshore in water depths of 500m to 1,200m.

“Phillips Deepwater Exploration Nigeria Ltd (PDENL) which holds a 20 per cent  non-operating interest in Oil Prospecting Licence (OPL) 214 located 110 km offshore in water depths of 800m to 1,800m,” it said.

The statement said that other owners are ExxonMobil with 20 per cent and operator, Chevron 20 per cent, Svenska 20 per cent, Nigerian Petroleum Development Company 15 per cent and Sasol 5 per cent.

It said that the Minister of Petroleum Resources, Diezani Allison-Madueke, had in June approved the conversion of OPL 214 to OML 145 for an initial period of 20 years.

The transaction, it added, made Oando Energy Resources (OER) to own indirectly all of the issued share capital of POCNL, CEPNL and PDENL.

 “The effective date of the transaction is January 1, 2012,” it said.

The statement also said the transaction compelled OER to retain The Petroleum and Renewable Energy Company Ltd as Independent Reserve.

It noted that Wale Tinubu, the Chairman of OER said that “we believe in the significant potential that the Nigerian oil and gas industry holds and are privileged to play a pivotal role in its consolidation, growth and development.

“We will continue to seek strategic opportunities that provide a platform for enhanced growth and value creation for our stakeholders.”

CHIDINMA AND AWILO LOGOMBA STUDIO SESSION FOR THE NEW SINGLE "KULIKACHAY"

Watch Chidinma & Awilo Longomba’s Studio Session for “KuliKachay”

In case you have not noticed, Awilo Longomba has been on a media tour in Nigeria.

He performed at the opening gala of MTN Project West Africa, and partied with Tiwa Savage, Peter Okoye and Annie Idibia at 2Face Idibia‘s “The Ascension” album launch in Lagos.

While in the studio, he heard Chidinma‘s song “KuliKachay” and he loved it. So he decided to hop on it.

ACTRESS YVONNE NELSON SAYS SHE IS NOT BLEACHING.

Yvonne Nelson Addresses Bleaching Reports (Again) with Joselyn Dumas.

Now that she has addressed it again, can we all move on now?
Over the past year, Yvonne Nelson has been criticised online for reportedly lightening her skin. She shut down reports via social media and in interviews.

Earlier in the year, in an interview with Atlanta Blackstar the “Single, Married & Complicated” actress touched on the topic, she said;
“My present skin tone is as a result of the constant use of the famous Queen Elizabeth Cocoa Butter.
About 3 years ago, I was fortunate enough to secure a deal to be the ‘Face of Queen Elizabeth Cocoa Butter’ and as part of the contract, I was given a lifetime supply of the body cream. I have therefore been using this cream exclusively for 3 years, so what you see now is the result of the goodness of Queen Elizabeth. It has simply enhanced my natural complexion rather than bleach it.”

In a recent interview with actress/TV personality Joselyn Dumas on her “At Home with Joselyn Dumas” show, she spoke on the topic again.
After Joselyn asked to see her knuckles, she joked that if she is taking pills to bleach her skin., it could make her barren.
“I would never bleach my skin. I guess it is the cocoa butter filter on Instagram I use, because anytime I post a picture, I use my cocoa butter filter. I always edit my pictures before I post them, so they look lighter”, Yvonne said.

MUMA GEE AND ACTOR PRINCE EKE SHARE THEIR PHOTOS WITH THEIR TWINS

Muma Gee & Prince Eke Share Photos with their Twins

Double the sweetness.

In April, musician Muma Gee and actor Prince Eke welcomed twins, a boy and a girl – Caesar and Cleopatra.

The couple who have not shared photos of the children, took to social media to show the cuties today.

Check out these adorable photos

SEE HOW ALICIA KEYS ANNOUNCED HER PREGNANCY

This is How Alicia Keys Announced She’s Pregnant!

Baby on board!

Congratulations to American singer and songwriter Alicia Keys and her rapper hubby Swizz Beatz who are expecting their second child together.

On their wedding anniversary, (4 years) the “No One” songstress took to social media to make the big announcement with a shoot of her with a bump and Swizz looking on admirably.

“Happy Anniversary to the love of my life Swizz Beatz !! And to make it even sweeter we’ve been blessed with another angel on the way!! You make me happier than I have ever known! Here’s to many many more years of the best parts of life!” she said.

The couple have a son Egypt Daoud Dean together. This will be Swizz’ 5th child.

JESSE JAGZ CONCERT AT MUSON CENTER,LAGOS

Road to the Jesse Jagz Experience! | Saturday 2nd August 2014

The Jesse Jagz Experience 2014 is just a few days away!

Jesse Jagz and the Jagz Nation camp have been working tirelessly to bring you an amazing music concert this summer.

The highly anticipated concert will feature guest performances by Show Dem Camp, Isaac Gerald, Tesh Carter, Jumar and many others.

Come watch live stage performances that promises to be “the greatest musical concert ever seen in Lagos”.