Oando Plc (OANDO.ng) HY2019 Interim Report

first_imgOando Plc (OANDO.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2019 interim results for the half year.For more information about Oando Plc (OANDO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Oando Plc (OANDO.ng) company page on AfricanFinancials.Document: Oando Plc (OANDO.ng)  2019 interim results for the half year.Company ProfileOando Plc is the largest integrated energy solutions provider in Nigeria and internationally. The company has onshore and offshore oil and gas exploration operations throughout Africa and trades in crude refined and unrefined petroleum products. Separate operations are responsible for storing, hauling and distributing petroleum and gas products; providing logistics and other services; and managing aviation activities. Oando Trading supplies and trades crude oil and petroleum products which includes naphtha, gasoline, fuel oil, gas oil, kerosene and bitumen. Oando Financial Trading & Hedging offers a highly centralised and financial risk management framework and is active in most financial energy markets worldwide. Oando Shipping & Chartering has access to a global pool of shipping brokers and vessel owners which means it is able to offer highly competitive rates for shipping and chartering services. Established in 1956 and formerly known as Unipetrol Nigeria Plc, the company changed its name to Oando Plc in 2003. Oando Plc is a subsidiary of Ocean and Oil Development Partners Limited. Its head office is in Lagos, Nigeria. Oando Plc is listed on the Nigerian Stock Exchangelast_img read more

NYC protesters: Superstorm exposes capitalism

first_imgPhoto: Janet MayesNew York,Nov. 3 — The Peoples Power Movement held a protest in the center of Manhattan in front of the James A. Farley Post Office Building on 8th Avenue and 32nd Street to point out the huge contradictions of the capitalist system and to raise a “people’s program” of fighting for power.What was remarkable was the response from people passing by and watching.Two younger African-American workers who had gotten out of a delivery truck raised their fists and joined in briefly with our chants: “What do we want? People’s power!”Some demonstrators from hard-hit New Jersey found a way to cross the Hudson so they could participate in the action.Tourists, some probably unable to go home because of the flight delays, posed with the demonstrators to have their photos taken. One liked the placard contrasting how socialist Cuba successfully copes with disasters and how the capitalist U.S. flops at doing it.The demonstrators distributed leaflets with statements from the Peoples Power Assembly, which raises demands for coping with the crisis, These demands are reproduced on the workers.org website.A representative of Workers World Party distributed the party statement on the crisis, also available at workers.org.The demonstrators marched downtown and west to the Chelsea neighborhood, where some participated in a volunteer neighborhood action in the public housing west of Ninth Avenue on 25th Street, offering blood pressure testing for the residents, whose power had just come on the night before after five days without power or water.There was also a protest today across the Hudson River in Jersey City at City Hall around demands for storm relief.Members and friends of WWP also participated in volunteer solidarity relief efforts in Far Rockaway, Queens; Red Hook, Brooklyn; and other poor and hard-hit communities in the New York City area.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Ferguson community resists police terror

first_imgStanding firm against police brutality in Ferguson, Mo., on March 13, less than 24 hours after two cops were allegedly shot,The police occupation of the Black community of Ferguson, Mo., is just as intense now as it was in the aftermath of the murder of Michael Brown last August. The Ferguson police arrested 20-year-old Jeffrey Williams for shooting two police officers on March 12. The officers were at the front of police headquarters during a demonstration celebrating Chief Thomas Jackson’s resignation.As the crowd thinned out, shots rang out, fired from afar and hitting two officers. Although police representatives claimed the officers were lucky to be alive, both were treated and released from the hospital with non-life-threatening injuries hours after the shooting.Police immediately sought to connect the shooting to the anti-racist demonstrations. Ferguson organizers reject the association between their work and the incident.Mass protests, civil disobedience and rebellions have taken place in Ferguson and other U.S. cities since Aug. 9 when a white police officer, Darren Wilson, shot 18-year-old African-American Michael Brown. Despite a St. Louis County grand jury investigation and federal government probe, Wilson has not been charged with a crime. He resigned from the police department.Chief Jackson stepped down in the wake of a scathing Department of Justice report that documented systematic racial profiling and collusion targeting the majority African-American population in Ferguson and other St. Louis County suburbs. Activists have demanded the removal of Jackson and Ferguson’s mayor.St. Louis County Prosecutor Robert McCulloch claimed that Williams told authorities he was firing at someone else with whom he had a dispute and was not aiming at the officers. “We’re not sure we completely buy that part of it,” McCulloch retorted, saying his office believed others were in a vehicle with the suspect. (USAToday, March 15)Williams was indicted on two counts of first-degree assault and three other counts of armed criminal action. McCulloch’s office says the investigation is incomplete.Police raids after shootingsFerguson residents say the police conducted heavy-handed raids searching for the suspect. Photographs of SWAT teams breaking into homes were publicized throughout the media.The March 13 British Guardian reported police misconduct during an unjustified raid on a Ferguson house. Police pulled three people out and questioned them; they were later released.This article reports, “Lamont Underwood, Iresha Turner and Martez Little said they were the trio seen handcuffed by St Louis County officers and taken from a house on Dade Avenue as part of the early-morning swoop by heavily armed police. Turner said that she and her six-year-old son had the red laser sights of police rifles trained on their chests as they emerged into their garden under orders from the officers, who arrived in military-style vehicles.”Underwood told the Guardian that he told the police they were at the demonstration, but did not know who shot the officers. He felt disrespected by the Ferguson police who stormed his home and took its three residents into custody.Iresha Turner told the Guardian she was lying in bed at 3 a.m., and there was a sudden banging at the door. The police said, “We know you’re in there, come out.” She saw six or seven police. “They had a tank-style vehicle, a truck and a helicopter. … We were forced outside.” I saw “a red dot on my chest. I said I surrender … please don’t shoot me. I said I’m not the shooter. I’m not involved. They said we were acting shady, but I said what would you do if 15 police were outside your door with guns.”Despite the DOJ’s failure to indict anyone for killing Michael Brown or for other atrocities committed by the Ferguson or other regional police and national guard forces deployed in the area since August, Attorney General Eric Holder condemned the shooting of the two police personnel. At a press conference Holder said the DOJ’s and FBI’s “full range of investigative resources” would be mobilized to apprehend shooting suspects. (Huffington Post, March 12)Holder claims that Ferguson was on the verge of improving police-community relations and that the officers’ shooting “turned his stomach.” The Obama administration never used such words of condemnation about Michael Brown’s killing or the brutal police or national guard tactics in attempts to quell the demonstrations and rebellions.Recall the mayorMayor James Knowles is the target of a recall campaign, says the Organization for Black Struggle, an area activist group at the center of demonstrations against police violence. Knowles emphasizes that he will not resign despite departures of police officers, civil servants, a municipal judge, the police chief and the city manager.Five Ferguson residents submitted an affidavit demanding Knowles’ removal, saying, “We cannot describe how disgusted we are with you. We now ask that you vacate the office.” (afp.com, March 15)Ferguson is a majority African-American suburb dominated by a white municipal government and police force. African Americans are discriminated against through racial profiling by police, which is then reinforced by the courts.Some local leaders are seeking the three City Council seats up for election. Some believe the best route to reforms is by electing officials to local governmental positions.The March 13 Wall Street Journal reported a meeting in Ferguson where candidates and community leaders discussed running campaigns for the City Council, which has only one African-American member.“Let’s show the world what change can and will look like,” stressed Wesley Bell, an African-American municipal judge seeking a City Council position. “If there’s no confidence between the community and law enforcement, there’s no justice.”The article continues, “The candidates and many in the audience said real change can happen with the city council — not out on the streets. They said such institutional change can heal the city, breaking down the racial barriers that have festered here for years but which only rose to the surface last summer.”It was the mass demonstrations and rebellions that swept St. Louis County and other cities that brought world attention to racism and national oppression in the U.S. There are historical lessons from cities that have elected African-American mayors and other local, state and congressional representatives in the last five decades: Until the structural problems of unemployment, poverty, police violence directed at oppressed communities, corporate impunity and predatory lending are overthrown, there is little hope for fundamental change that could enhance living standards and foster stability.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Seed Consultants Marketwatch 10:21 update with Gary Wilhelmi 10/03/2012

first_img By Hoosier Ag Today – Oct 3, 2012 Facebook Twitter Seed Consultants Marketwatch 10:21 update with Gary Wilhelmi 10/03/2012 FinancialCrude crumbles, $4, as US production reaches 15 year high as consumption contracts here and in China$90 crude support gives wayStocks little changedGold up $4 at $1778Dollar index up 21 at 79.96 just mincing2Q earnings expected to weakenEmployment Friday 100,000 to 150,000 new jobs foreseenLivestockHogs rebuffed by chary resistance and Dec sells off $1Cattle also retreated despite steady to higher cash call and firm boxed beefFeatures mixed and budgetaryPork cutout up $3 Tuesday, but futures reversed directionGrain and soybeansMarkets could not penetrate down side report and firmed on short covering as they have been building spec shorts for a few weeksHarvest heads into the second half on corn and beans with moist winter wheat plantings over 40% doneChina bought 21,000 tons of soy oilEgypt shopping for wheat probably Black sea originEU maize imports rise as drought cuts cropWarn and dry in the Ukraine and southern Russia for winter wheatExport sales have not meant much of late but watch Thursday reportArgentine crushing cut by 6.6% due to droughtCrop report on the 11th with intervening wild private, self serving, guesses10:21 updateDow off 23 and S&P steady at 1444 with resistance at 1472 and 1495Cash cattle call steady to higherStrong pork cutout boosts marginsCash hogs steady to betterOct hogs at a $3 premium to the indexPrivate crop guess 10.8 b corn on a 123.9 yield and soybeans 2.85 b on 38.2Gulf bids steady on corn and beansChina buys 21,000 tons of soy oilEgypt pending on wheat tender has been buying from Black seaAdverse warn and dry conditions on Ukraine and southern Russian winter wheat SHARE Facebook Twittercenter_img FinancialPrivate jobs forecast 162,000 versus 100,000 to 150,000 generally with report Friday AMSpanish bail out uncertain as government hedgesDAX up.3% and FTSE plus.1%Euro .1% higher at 1.2928Dollar index 79.98 up 23Crude oil down $.73 at $91.16Gold steady at $1774Dow up 10LivestockCash cattle $121 bid and $125-26 offeredChoice beef up $1 and select steadyShow lists flatFront page features: whole chicken $.78, select T-bone $3.58 and boneless pork loins $1.68Pork cutout up $3.00 with loin’s $290 higher, hams $3.06 better and bellies plus $6.39Kills off 3000 in cattle and 1000 in hogsSlaughter levels have been under controlDec hogs at resistance $76-78Grain and soybeansContinued deterioration with Dec corn off six cents at $7.52, Nov beans down a dime at $15.21 and Dec wheat seven lower at $8.65Chart supports at $7.30 Dec corn, $15.00 Nov beans and $8.60 then $8.40 Dec wheatHarvest storming into the second half in corn and over 40% in beans with winter wheat 40% plantedSpec short positions are buildingCrop report on the 11thSome see a two bushel improvement in bean yieldsExports static SHARE Home Market Market Watch Seed Consultants Marketwatch 10:21 update with Gary Wilhelmi 10/03/2012 Previous articleUniversity Focuses on Global Impact with Energy Laboratory ExpansionNext articleOil Ends at 2-Month Low as Demand Woes Flare Up Hoosier Ag Todaylast_img read more

Get ready for 0.25% base interest rate rise tomorrow, says Nationwide

first_imgHome » News » Agencies & People » Get ready for 0.25% base interest rate rise tomorrow, says Nationwide previous nextAgencies & PeopleGet ready for 0.25% base interest rate rise tomorrow, says NationwideBut lender claims any ill effects on property market will be limited due to record low in number of variable rate mortgage holders.Nigel Lewis1st August 201801,069 Views Nationwide says it expects the base interest rate to increase by a quarter of a percent tomorrow when the Bank of England’s Monetary Policy Committee meets.But the lender says the widely-expected hike from 0.5% to 0.75% is unlikely to adversely influence the economy or the property market, and claims its impact is likely to be modest.“This is partly because only a relatively small proportion of borrowers will be directly impacted by the change,” says Robert Gardner, Nationwide’s Chief Economist (pictured, below).“The vast majority of new mortgages have been extended on fixed interest rates [and] the share of outstanding mortgages on variable interest rates – and which are therefore likely to see an increase in payments if Bank Rate is increased – has fallen to its lowest level on record, at c35%, down from a peak of 70% in 2001.”The prediction by Nationwide comes as the lender reveals that house prices are rising  by 2.5% annually, pushing up the average house price to £217,000, better than the 1% annual rise it predicted in January.Base interest rateMark Readings of online estate agency House Network says: “We have had a surprisingly strong July; traditionally with the start of the school holidays and the good weather we see the market cool [and] with the World Cup thrown into the mix we were anticipating a slow month.“Maybe the feel-good factor of both the success of the England football team and the heatwave has had a positive impact on the housing market.”Jonathan Hopper, MD of Garrington Property Finders (pictured, right), says: “It’s tempting to see such a meandering market as the fruit of a cautious consensus. Instead it’s a by-product of the collision of three conflicting forces; pent-up demand, low supply and patchy confidence.” Mark Readings Garrington Property Finders Jonathan Hopper Nationwide house network Robert Gardner August 1, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Edible nut pricing

first_imgAlmonds: There are two strong and opposing forces at work on almond pricing: the new Californian crop looks set to be by far the largest ever, and may come in at over 900,000mt; and demand for almonds is certain to rise globally, for no other reason than prices at current levels remain extremely good value in comparison with other nut products.Walnuts: A recent estimate on the new Californian crop has confounded previous hopes for a large US supply into 2012. The estimate is for 485,000 short tons vs 503,000 short tons this current crop, which will fill no-one with any confidence that an increase in global demand will be catered for. On the up side, China looks set to deliver a larger new crop.Cashews: Unexpectedly high prices look, in the short term, to have seriously damaged demand. US buying interest has dropped (year-on-year) since May. And a weaker euro against the dollar is pushing imported replacement prices yet higher into Europe.Pecans: Prolonged drought has continued across the southern US states and is seems likely that the 2011-12 crop will struggle to exceed the latest US new crop of 277m lb. Mexico is also suffering from drought and looks unlikely to exceed 100m lb.Brazils: With so few origin options and with such strong domestic demand there is every chance that supply will simply run out at some point before the start of the new season next May/June.l Based on information provided by RM Curtis.last_img read more

New Market.

first_imgResearchers have found a new niche market for Georgia farmers:selling ornamentals to florists.For the past year and a half, Amy Carter has been attendingfloral seminars and visiting Georgia wholesale florists and trendyAtlanta flower shops.A research coordinator with the University of Georgia Collegeof Agricultural and Environmental Sciences, she’s been assessingthe industry’s opinion on Georgia-grown ornamentals.While conducting tours on the Coastal Plain Experiment Stationin Tifton, Ga., Carter and her colleagues, including lead scientistJohn Ruter, stumbled on the idea of selling winged elm branchesand other Georgia ornamentalsThe Garden Club Ladies Love It”Every time the garden club ladies visit, they just ‘ooh’and ‘ah’ over the winged elm trees and say how wonderful theywould look in floral arrangements,” Carter said. “Afterhearing so many comments, well, we finally took the hint.”Carter was determined to find a way for Georgia farmers toenter this type of speciality market. She works alongside UGAresearchers in Tifton who are constantly searching for new cropsand new markets for Georgia farmers.”We focus on finding crops farmers can grow in their off-seasonsand crops they can grow on unproductive land where they can’tgrow the more traditional row crops, such as cotton or peanutsor corn,” Carter said.To determine whether there is a market for winged elm, Carterhas been surveying Georgia florists shop by shop. The branchescompare to those of the curly willow tree, a nonnative plant floristsuse.”I just walk into a flower shop and ask, ‘what do youthink of this?'” she said. “And all the florists I’vetalk to have said they’d love to use it in arrangements and dishgardens. Then they immediately ask where they can buy some.”Sold By The BundleAfter searching over hundreds of floral Web pages, Carter determinedthe winged elm branches could easily sell for $8 to $10 a 10-stembundle. Using these figures, an acre of 1,900 plants would gross$11,000 in a year after just one year in the field, she said.”I was also amazed to see that florists pay $6 for a bunchof millet heads,” she said. “And as far as I could tell,there are no Georgia suppliers for them or any other dried orpreserved floral product. I did find a wholesaler in Albany thatbuys grapevine wreaths and cedar roping this time of year froma Georgia grower.”Carter said the selling price of the winged elm branches isbased on the length of the stem.The next step of the project is for UGA researchers to developproduction methods and work with Georgia farmers to plant wingedelm on farm plots.”You have to consider what the farmer is dealing within his other crops and how easily this would be adaptable,”Carter said. “We want to introduce them to something newand make it as painless as possible. I would really love to seeGeorgia farmers as excited about this new crop as I am.”Native Grass Turns Heads, TooWinged elm isn’t Carter’s only new crop project. She’s alsolooking into marketing muhly grass, a native grass.”It’s just gorgeous,” Carter said. “In October,it has a pinkish purple flowering head that just catches the sunlight.In south Georgia, you notice it growing in low areas along theroadsides.”Like winged elm, muhly grass already has a fan club in Tifton.”We planted some here, and in the fall it’s everyone’sfavorite,” she said. And you guessed it. Carter bundled itup and hit the florist’s trail.”It’s definitely another one people just go crazy over,”she said. “They’re already asking, ‘What is that and wherecan I get some?'”last_img read more

Bernstein analysts say Mountain Valley, Atlantic Coast pipeline projects may not get finished

first_imgBernstein analysts say Mountain Valley, Atlantic Coast pipeline projects may not get finished FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Even with 10 Bcf/d of new pipeline capacity added in the past 15 months, Appalachia’s pipeline buildout may be finished, putting the completion of late comers such as the EQM Midstream Partners LP-led Mountain Valley Pipeline LLC project and the Dominion Energy Inc.-led Atlantic Coast Pipeline LLC project in doubt, analysts at the investment management company Sanford C. Bernstein & Co. LLC told clients Jan. 24.“We had anticipated that building through [North Carolina and Virginia] would be difficult,” Bernstein’s midstream analyst Jean Ann Salisbury said in a research note. “The perfect combo of no major recent new pipelines and no state upstream benefit usually leads to problems —just ask [Williams Cos. Inc.’s Constitution Pipeline Co. LLC].”The costs of the 2-Bcf/d Mountain Valley pipeline and the 1.5-Bcf/d Atlantic Coast pipeline have grown to $4.6 billion and $7 billion, respectively, Bernstein said. These increases may force the operators to charge too high a tariff and make them uncompetitive, according to the firm.“This translates to $1.30-$2.60/MMBtu, almost certainly more than the cost differential to source from another basin,” Bernstein said. “To us this suggests that we are nearing the end of the buildout period, and even that possibly only one of these projects will ultimately get done.”Bernstein said that while producers in the dry gas portion of the Marcellus and Utica shales in northeast Pennsylvania will begin to bump up against a cap on takeaway capacity sometime this year, producers in the southwest portions of Appalachia have lots of running room. With capacity currently available out of both Appalachian regions, producers can look forward to better price realizations, Bernstein said, which is good for companies such as Cabot Oil & Gas Corp., Range Resources Corp. and Southwestern Energy Co. However, Bernstein said, there is a danger that the more Marcellus gas is on the national market, the further national prices will fall.More ($): Appalachian pipeline buildout looks to be ending, Bernstein analyst sayslast_img read more

Weekend Pick: Shenandoah Mountain 100

first_imgWhen Labor Day became an official national holiday to placate unions in 1894, few could have predicted it would become the spectacle it is today. Think about how far the world has come in the past 120 years: internal combustion engine, telephone, indoor plumbing, Twinkies, the return of Twinkies, etc. Plus, we finally have a point in time after which it is no longer acceptable to wear white. But there is one thing that has stayed the same throughout the history of Labor Day: Americans taking the first Monday of September to sit on their lazy butts, drink beer, eat barbeque, and not work. It may be because you work a physically taxing construction job, a mentally taxing IT job, or you are just depressed that Labor Day marks the end of Summer on most calendars.This is the American Way, and it’s a good way. Heck, it’s gotten us through over a century of first-September-Mondays so why stop now? I’ll tell you why: this country needs a change. We should be through with celebrating holidays by doing just the opposite of what the name suggests. No more blacking out on Memorial Day, no more not-being-the-leader-of-the-free-world on President’s Day, and no more sitting around over Labor Day weekend. This year, put some labor into that thing you love, whether it be hiking, fishing, kayaking, or mountain biking. A great way to get started in 2013 is at the Shenandoah Mountain 100.As the name suggests, the Shenandoah Mountain 100 is a 100-mile backcountry mountain bike race staged out of the Stokesville Campground outside Mt. Solon, Va. The race route snakes through the best trails in George Washington National Forest and includes nearly 14,000 feet of elevation gain. If you think you are up for the ride, online registration ends on Friday, August 30th, at 8pm so get online and sign up. For those not interested in pedaling 100 miles in a day, there are numerous volunteer opportunities. This is a great way to get involved in the race weekend without actually racing. Actually, it’s the only way: the campground is closed to non-racers and non-volunteers.The racers go off on Sunday morning, but the party starts on Friday at noon when the campground opens, and doesn’t end until Monday afternoon. If you have never been to a mountain bike festival or stage race, it is a good, good time, especially after the racing is done and the adult beverages start flowing.For more information on the race, and volunteering, visit the Shenandoah Mountain Touring website.View Larger Maplast_img read more

14 Nabbed in Suffolk Heroin Ring, DA Says

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Holtsville couple accused of trafficking heroin from an alleged Brooklyn supplier to nearly a dozen dealers spanning Suffolk County were all rounded up this week after recently being indicted, authorities said.Kelly Mullen, 29, and her 57-year-old husband, Aaron Smith, the accused ringleaders, pleaded not guilty Wednesday to felony charges of operating as a major trafficker along with Miguel Vicente, the alleged supplier.“As many as five dealers a day came to this house, where five to 10 children live at any given time, to pick up their heroin,’ Suffolk District Attorney Tom Spota said. “When we arrived with a search warrant, there were bags of heroin scattered about, including heroin left next to the crib of Mullen and Smith’s daughter.”The bust was described as the biggest of its kind on eastern Long Island since more than 100 were rounded up in 2009, although several smaller rings have also been dismantled more recently, including one on the East End this winter.Prosecutors alleged that Vicente prepared kilos of the drug—which was later broken down into in tens of thousands of bags branded with the stamp “High Octane”—for street sales in Holbrook, Oakdale, Islip, Central Islip, Ronkonkoma, Shirley and Riverhead.Authorities also seized five ounces of powder and crack cocaine, $37,000 in cash, a $40,000 wristwatch and other jewelry when they executed search warrants on the suspects’ homes and cars.Spota added that Vicente, Mullen and Smith don’t use heroin themselves, but were motivated by greed.Bail for Vicente was set at $2.5 million cash or $7 million bond. Bail for Mullen and Smith was set at $1 million cash or $3 million bond, each. They face up to 25 years to life in prison on the trafficking charge.The trio and their alleged low-level dealers were all charged with conspiracy as well, and most were also charged with heroin possession. The couple was additionally charged with child endangerment.last_img read more