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‎NNPC, China Sign $50bn MOU On Oil and Gas Development

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The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) worth 50 billion dollars with some Chinese companies for infrastructure development in oil and gas sector.

Kachikwu Ibe

Kachikwu Ibe

The information is contained in a statement issued by the Corporation on Wednesday in Abuja.

It stated that “NNPC wishes to announce the recent landmark strides the Corporation has achieved in its bid to bridge the infrastructure funding gaps in the Nigerian oil and gas sector.

“This comes in the form of a first of its kind road show in China, where MoU worth more than 50 billion dollars will be spent on investments in oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream sector.”

The Corporation named the companies involved to include NORINCO, CINDA, CNOOC, SINOPEC/ADDAX, ICC -NDRC, among others.

It added that ICC-NDRC would develop an overarching master plan for the Nigerian oil and gas sector.

This, it stated, would include detailed feasibility study of current status of existing infrastructure in the industry.

“ICC-NDRC will also develop bankable projects that will attract Chinese investors on this Government-to-Government platform. This initiative will move us to a much more profitable and efficient state.

“The master plan will form the basis of massive inflow of further investment from Chinese companies into the sector.”

Commenting on the show, the Corporation stated that it featured over 300 Chinese and Nigerian businessmen to attract investors from China and the Asian sub-region to invest in the country’s oil and gas sector.

It noted that the Minister of State for Petroleum Resources, Dr Ibe kachikwu, went with a team of top management of the Corporation and some stakeholders in the sector.

The roadshow was a follow-up to the earlier working visit of President Muhammadu Buhari to China in April, it
stated.

It commended the support of the companies and assured them of Federal Government’s transparency in ensuring growth in the sector.

Courtesy: News Agency Of Nigeria (NAN)

MOVIES

Pst. Iren’s Film, ‘What About Us?’ Makes ₦24 Million In Its First Weekend

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What about Us makes ₦24 million in its first weekend | fab.ng

There’s good news for the makers of the Nigerian film “What About Us?”! The movie, produced by Pastor Emmanuel Iren, had a strong opening week at the cinemas. According to Filmone Studios, the company that distributed the film, “What About Us?” raked in a whopping ₦24.6 million (Nigerian Naira) in its first seven days on the big screen. Filmone Studios announced this impressive figure on Monday, July 16, 2024.

“Naija, you’re not playing! What About Us has made over ₦24.6 million on its opening weekend! Thank you, Nigeria for supporting this movie. Anticipate more to come,” it said in the Instagram post.

 

View this post on Instagram

 

A post shared by FilmOne Entertainment (@filmoneng)

The movie “What About Us?” tells the story of a married couple facing challenges in their relationship.

Their struggles intensify when a new couple moves in next door, and the wife develops an inappropriate closeness with the new husband.

While Pastor Emmanuel Iren gets credit as the movie’s executive producer and the one who conceived the original story, the film is a collaborative effort. Ife Olujuyigbe wrote the screenplay, Kayode Kasum directed it, and Bisola Badejo and Tochukwu Macdonald Sunday were the producers. The movie hit Nigerian cinemas on July 12, 2024.

Pastor Iren, a prominent figure in Nigeria, is not only a pastor but also a gospel singer and songwriter. He leads Celebration Church International (CCI), a church he founded during his university days. Over time, CCI has grown in popularity, particularly among young Nigerians, and now has branches across Nigeria, Canada, and the UK. “What About Us?” was produced by Pastor Iren’s own production company, Narrative Entertainment.

In an optimistic Instagram post, Pastor Iren hinted at even greater things to come, calling the movie’s box office success “just the beginning.”

Just the beginning. Thank you all for your support. Guess what? #WHATABOUTUS wasn’t just the number 1 movie in Nollywood last weekend, but the number 1 movie. I’m glad for the feedback, reviews and love,” he said.

 

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A post shared by Emmanuel Iren (@pst_iren)

The movie “What About Us?” features a talented cast of actors. Some of the stars you might recognize include Uzor Arukwe, Folu Storms, and Kunle Remi. The film also benefits from the performances of Teniola Aladese, Seyi Awolowo, Marycolette Unamka, and Atlanta Bridget Johnson.

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MUSIC

Wizkid Bags 7 Nominations In Africa Arts Entertainments Awards

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AAEA: Wizkid Bags 7 Nominations | fab.ng

Nigerian superstar Wizkid, whose real name is Ayodeji Balogun, is a frontrunner at the upcoming Africa Arts Entertainments Awards (AAEA). The prestigious AAEA ceremony recognizes and celebrates the achievements of talented musicians across the African continent.

Wizkid has impressed the AAEA with his work, scoring a whopping seven nominations! This puts him in the running for several top honours. This includes the AAEA Best Continental Male Artiste and the coveted AAEA Continental Artiste of the Year.

His nominations at the AAEA extend beyond individual awards.

Wizkid’s project, “S2,” is up for Continental Album/EP of the Year. Also, he’s received recognition for his collaborations and singles. “Work Me Out” is nominated for Best Continental Intl Feature. It showcases his international appeal. His hit songs “Money & Love” and “Ebelebe” are both vying for Best Continental Afro RnB Hit, while “IDK” is in the running for Best Continental Afro Rap Fusion Hit.

Wizkid isn’t the only Nigerian artist getting noticed. The AAEA ceremony is shaping up to be a big night for Nigerian music, with nominations also going to Rema, Omah Lay, Yemi Alade, Asake, BNXN, and Olamide. Indeed, this highlights the depth and talent within the Nigerian music scene.

The excitement doesn’t stop there! Music fans will have to wait with anticipation to see who takes home the awards, as the ceremony is scheduled to be held in Kenya on August 17, 2024. With seven nominations under his belt, Wizkid is definitely an artist to watch. Though the competition is fierce, the night promises to be a celebration of African music at its finest.

Check out more updates here.

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MUSIC

Burna Boy Receives Plaque For Historic 2 Billion UK Streams

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Burna Boy Receives Plaque For Historic 2 Billion UK Streams | fab.ng

Burna Boy has just made history by becoming the first African artist to ever surpass a staggering 2 billion streams in the United Kingdom! This incredible milestone happened backstage at a surprise concert in London! The venue? Koko Camden. Burna Boy was performing for the 5th anniversary of his chart-topping album, “African Giant.”

This 2019 album was a defining moment for Burna Boy and his career.

It wasn’t just an album; it was a game-changer. Packed with hits like “On The Low,” “Gbona,” and “Anybody,” “African Giant” propelled Burna Boy onto the global stage. This came after his international breakthrough with the viral smash “YE.”

Receiving the 2 billion streams award at the “African Giant” anniversary concert feels like a true full-circle moment for Burna Boy. The album that launched him into superstardom is now being celebrated with an award. Also, it recognises the impact his music has had on audiences in the UK.

And this isn’t Burna Boy’s first taste of streaming success. Just a month ago, he received a plaque commemorating 1 billion streams. This ability to sell out massive venues and also rack up billions of streams speaks volumes about Burna Boy’s global appeal.

But Burna Boy isn’t content to rest on his laurels. He recently dropped his first single of 2024, titled “Higher.” The music video for this song is a deeply personal journey. It took viewers back to his hometown of Port Harcourt, Nigeria. It’s a heartfelt expression of gratitude, a celebration of his success with the people who matter most to him.

Burna Boy’s latest achievement isn’t just about personal success. He’s breaking new ground for African music as a whole. His dedication to his craft, his captivating stage presence, and his ability to connect with audiences worldwide have cemented his status as a global music icon.

This is just the beginning for Burna Boy, and with his talent and drive, there’s no doubt he’ll continue to break records and inspire music lovers around the world.

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