*20 Die in Cholera Outbreak in Rivers* *Samsung planning to buy BlackBerry?*

*20 Die in Cholera Outbreak in Rivers* *Samsung planning to buy BlackBerry?*

Sabinews Daily Morning News Update for January 15, 2015MORNING NEWS

 

National News

 

20 Die in Cholera Outbreak in Rivers

No fewer than 20 persons have died from outbreak of cholera in Andoni Local Government Area of Rivers State, the state government has confirmed.

The state Commissioner for Health, Dr Sampson Parker, in a statement issued in Port Harcourt on Wednesday, said about 171 cases had been reported in some communities in the local government area. Read more

Military Repels Attack on Biu

Nigerian troops in the North-east on Wednesday recorded a major victory over the Boko Haram insurgents as they repelled the terrorists’ bid to take over Biu, the largest town in Southern part of Borno State.

In the ensuing gun duel, over 41 insurgents were killed.  Read more

DOAMF Charity Golf Gets February 7 Date

The 5th edition of Daniel Ogechi Akujobi Memorial Foundation (DOAMF) Golf Tournament has been slated for February 7, 2015 at the Golf Section of IkoyiClub 1938 in Lagos.

Coordinator of the tournament, Mr. Pat Bassey, confirmed in Lagos that preparations for the event had been on since the third quarter of 2014 and, quite a number of golfers and corporate partners of the event have already committed to it. Read more

Jonathan, Buhari disagree on 2011 post-poll crisis, sign pact

President Goodluck Jonathan said on Wednesday that the post- election violence that erupted in some northern states in 2011 was not caused by electoral malpractices.

Many including 10 members of the National Youth Service Corps died in the violence that erupted after the 2011 presidential poll. Read more

FG reiterates Commitment to Grow Made-in-Nigeria Market

The federal government has reiterated its commitment to growing the Made-in-Nigeria market in line with the determination to create more jobs and generate wealth for Nigerians.

The minister of industry, trade and investment, Mr Olusegun Aganga, said government’s policy on made- in- Nigeria products, which gave priority to the patronage of locally-made products, would, among many other benefits, help curb the waste of foreign reserves on what could be manufactured in the country. Read more

JOHESU, AHPA, others, fault Yayale Ahmed-led panel report on inter-professional cooperation

Joint Health Sector Union (JOHESU) and Assembly of Healthcare Professional Association (AHPA) have described the Presidential Committee of Experts on Professional Relationships in the Public Health Sector (YAPCEPRPH) report as “biased, one-sided and out of line.

They said the report is designed to institutionalise confusion and a recipe for more chaos, as they called on President Goodluck Jonathan to withdraw it in the interest of the public and the future of the health sector. Read more

NILS, Johns Hopkins Varsity sign pact on education in Nigeria

National Institute for Legislative Studies (NILS) and Johns Hopkins University, United States of America, have reached a pact that would bring the university into Nigeria’s educational system beginning with executive education programmes.

This was made known by the Deputy President of the Senate and Chairman of the Governing Council of NILS, Ike Ekweremadu, during the signing of a communiqué on the decisions reached at the three-day meeting. Read more

House: Budget Bill Passes Second Reading

The 2015 budget estimates passed second reading on the floor of the House of Representatives on Wednesday despite intense debate focusing on its review as a result of the obvious vagaries of plummeting oil price globally.

The budget is still predicated on an oil benchmark price of N65 per barrel just as the current price of oil has slipped about ten digits below the budget projections. Read more

INEC Urges over 1.8m Voters in Lagos to Collect Their PVCs

About 1, 800,000 eligible voters in Lagos who are yet to collect their Permanent Voters’ Cards (PVC), among the 4,000000 million PVCs received by the Independent National Electoral Commission (INEC) in the state, have been urged to collect them to enable them participate in the coming election.

The Lagos State Resident Electoral Commissioner (REC), Mr. Akin Orebiyi, who expressed concern over the high figure of potential voters who are yet to get their PVC, during a press conference, said residents should get their PVCs at the 245 Collation Centres across the state which have been designated as distribution points for the PVCs. Read more

Armed Forces Remembrance Day: APC hails military

The All Progressives Congress (APC) has hailed the invaluable sacrifice of the Nigerian military in keeping the country safe and united in the face of unprecedented forces tugging at the very core of its existence.

In a statement in Abuja on Wednesday by its National Publicity Secretary, Lai Mohammed, to mark the 2015 Armed Forces Remembrance Day, the party said Nigerians owe the gallant men and women of the Nigerian military a debt of gratitude for their courage, perseverance and sacrifice in defence of all that Nigerians hold dear. Read more

Police present N400, 000 to families of slain policemen in Borno

The police command in Borno on Wednesday presented N400,000 cash to families of two policemen who died in active service in the state.

The two policemen were Corporals Raymond Ishaku and Bawa Abdullahi. Read more

Reps okay Revenue Board for FCT

House of Representatives yesterday adopted a clean copy of a report on a proposed establishment of the Federal Capital Territory Board of Internal Revenue. A Bill for the establishment of the board was passed by the House on Thursday, September 18, 2014. The Senate and House of Reps met on Thursday, November 20, last year and adopted a harmonised version of the Bill. Read more

Shema signs N110bn budget into law

Katsina State Governor, Ibrahim Shema, yesterday signed the state’s 2015 Appropriation Bill of N110.08 billion into law.

The amount fell short by about N100 million of the initial N110.18 billion presented to the House of Assembly in December last year. Read more

 

Economy

 

JSE, NSE Partner to Grow African Capital Markets

The Johannesburg Stock Exchange (JSE), South Africa and  the  Nigerian Stock Exchange (NSE)  are forging a new partnership that will lead to  more  opportunities for investors and companies in the African capital markets. The partnership, according to the Exchanges, will strengthen other African economy.

Speaking on the partnership, JSE Director, Capital Markets, Donna  Oosthuyse, noted that  though African securities exchanges face many challenges the collaboration will help grow the markets  and also improve liquidity. Read more

Investors lose N2.2trn as equities take a beating

Equity holders at the Nigerian Stock Exchange (NSE) were worse-off in last year’s value erosion at the capital market.

Out of N2.2trillion lost from the capital market in 2014, N1.74trillion related to equity investors, while N470billion resulted from loss in the value of listed bonds on the Exchange. Read more

NSE Restates Commitment to Make Nigeria Investment Hub

Despite the current bearish trend in the nation’s stock market, the Chief Executive Officer  of the Nigerian Stock Exchange (NSE), Mr.  Oscar Onyema, has said  the exchange is working towards making the market the hub for companies to grow their businesses and investors to  enjoy significant returns on their  investments.
Speaking at the annual media briefing in Lagos on Wednesday, Onyema said the NSE would achieve this objective through its revised strategy that covers 2015 to 2019. Read more

Traders Urge Governments to Improve Business Environment

A coalition of market and traders’ associations in Lagos have called on both the federal and state governments to initiate policies that would improve the business environment in the state.

Representatives of the coalition,  which comprises the Association of Igbos in Commerce, Nnamdi Nwigwe; Traders Right Protection Initiative, Chris Okpala; Amalgamated Traders Association, Lagos, Viginus Odinaka; and Market Leaders Association of Nigeria, Charles Obih, stated this in a communique at the end of an extraordinary general meeting held in Lagos on Wednesday. Read more

Operators, FG Open Dialogue on 2015 Budget

Capital market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a special dialogue with the federal government and key stakeholders in the economy to ensure proper alignment of the capital market to Nigeria Fiscal and Monetary policy implementation.
The first in the series, the one-day dialogue with the theme: “The Capital Market and the 2015 Federal Budget”, is scheduled for January 29, this year in Lagos. Read more

UTC flounders, fails to take advantage of Nigeria burgeoning middle class

UTC Nigeria plc, a company listed on the consumer goods section on the Daily Official list of the Nigerian Stock Exchange, has floundered and also failed to take advantage of Nigeria burgeoning middle class that crave for consumption, analysis of its third quarter 2013 results has shown. Read more

FG Targets $68.1bn Fresh FDI from 8 Free Zones

The federal government is targeting $68.1bn fresh Foreign Direct Investment from eight newly licensed free zones, the managing director of the Nigeria Export Processing Zones Authority (NEPZA), Gbenga Kuye, has said.

He said the enhanced efficiency of the agency, in line with the Transformation Agenda of President Goodluck Jonathan, had helped to fast-track approvals for zones, based on the new checklist and methodology put in place for assessing requests. Read more

 

Oil and Gas

 

Oshiomhole: NLC Must Query FG on Oil Theft

Governor Adams Oshiomhole of Edo State has tasked the Nigeria Labour Congress (NLC) to question the federal government on how hundreds of barrels of crude oil are stolen without check on a daily basis.

Speaking at the ground breaking of the Labour House in Benin City, Oshiomhole alleged that Nigeria was being run in a directionless manner and the labour movement must show more interest in the national discourse so that the ship of state can be steered in the right direction. Read more

 

World News

 

Obama, Cameron vow to stand firm against Islamist extremists

U.S. President Barack Obama and British Prime Minister David Cameron vowed a united front on Wednesday against the threat posed by Islamist extremists and their “distorted ideology.”

In a joint opinion article that appeared in Thursday’s Times of London newspaper and released on Wednesday night in Washington, Obama and Cameron outlined the principles of the U.S.-British alliance ahead of two days of White House meetings. Read more

Venezuelan states ban night queues outside shops as grocery shortages continue

Governors in three Venezuelan states have banned overnight queuing amid huge and sometimes rowdy lines around shops across the scarcity-plagued country.

Shortages of basic consumer products from milk to toilet paper have worsened since a lull in distribution over the Christmas and New Year holidays, prompting many to wait from the early hours on foot – or in hammocks – before shops open. Read more

China enlists citizens to patrol border with North Korea – state media

China is sending civilian militias to help secure the border it shares with North Korea, state media said, in the wake of two reported killings of Chinese citizens by North Koreans that could strain ties between Pyongyang and its sole major ally.

The China Defence News said on Wednesday it had established a civilian-military defence system in the Yanbian prefecture of Jilin province. Yanbian shares a border of about 500 km (310 miles) with North Korea. Read more

Five Yemenis transferred from U.S. custody at Guantanamo -Pentagon

The Pentagon transferred five Yemenis held at Guantanamo prison to foreign custody on Wednesday in the first handover of detainees in 2015, sending four to Oman and one to Estonia despite Republican calls for a moratorium on the resettlements.

U.S. officials said all five Yemenis, held for a dozen or more years at the military prison at a U.S. Navy base in Cuba, had been cleared for release nearly five years ago by a multi-agency task force that included intelligence, diplomatic and military officials. Read more

AirAsia plane: Divers examine fuselage under Java Sea

Divers in Indonesia have gone down to examine the main body of AirAsia flight QZ8501, which was found at the bottom of the Java Sea on Wednesday.

Most of the 162 passengers and crew of the plane are still missing, and it is hoped they are inside the fuselage. Read more

Samsung planning to buy BlackBerry?

Samsung Electronics Co Ltd recently approached BlackBerry Ltd about buying the smartphone maker for as much as $7.5 billion in a play for its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.

South Korea’s Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said. Read more

Leonard Francis, Center of Navy Bribery Scandal, Changing Plea to Guilty

The defense contractor known as Fat Leonard who’s at the center of a $20 million U.S. Navy overbilling scandal reversed course and now plans to plead guilty, according to federal court documents filed Wednesday.

Leonard Glenn Francis, 51, chief executive of Glenn Defense Marine Asia of Singapore, initially pleaded not guilty in June 2013 to a single charge of conspiring with at least four Navy officials who have pleaded guilty or are under indictment in the plot. Charging documents in U.S. District Court in San Diego allege that Francis bribed Navy officials — including providing them with prostitutes — for secret information that allowed him to overcharge the U.S. government by more than $20 million. Read more

Kenyan army kills five suspected militants, one soldier dies

Kenya’s army killed five suspected members of Somalia’s al Shabaab militant group yesterday and one soldier died during fighting on the north Kenyan coast, the military said.

The militants attacked a truck in Lamu County carrying soldiers who were going to join the Kenyan contingent of an African peacekeeping force in Somalia, said David Obonyo, the Kenya Defence Force spokesman. Read more

 

Sports

 

2015 ITF Junior Circuit: Nigeria Clinches Top Place with 4 Gold, 1 Silver

Nigeria have emerged the overall winners of the first phase of the 2015 ITF West and Central Africa Junior Circuit holding in Togo with four gold and one silver medals.

At the Stade Ominsport, Lome yesterday, Nigeria started on a setback as Martins Abamu fell to Togo’s Antione Gbadoe 6-2, 6-3 in the Boy’s 16&U category but Michael Oshewa restored the nation’s pride when he triumphed with a 6-3, 7-5 over Ehaya Isaac of Cote d’Ivoire. Read more

Bosso slams NFF power mongers

Abia Warriors Football Club Coach, Ladan Bosso, has warned that the country’s football is heading for the precipice if stakeholders fail to bury their differences and face the task of re-building Nigeria’s most cherished sport.

Bosso’s warning is coming against the backdrop of ongoing nocturnal meetings by some p o w e r mongers to stoke the embers fire of intrigues bed evilling the Nigeria Football Federation (NFF). Read more

Pinnick Off to Malabo for 2015 AFCON

President of Nigeria Football Federation (NFF), Mr. Amaju Pinnick, flew into Malabo, capital of Equatorial Guinea yesterday as the African football fraternity got into the mood for the 30th Africa Cup of Nations kicking off on Saturday.

The NFF supremo will commission two matches in the group phase at the championship with opportunities for more in the knock –out rounds. Read more

 

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