Sabinews Morning News Update for November 11, 2015
2019: I’ll not be your candidate, Babangida tells PDP
Former military president, Gen Ibrahim Babangida has described as ridiculous, rumours of plans by the Peoples Democratic Party (PDP) to hand him the party’s 2019 presidential ticket even as he distanced himself from a conference seeking to strategise on how to reposition the party.
Similarly, former Senate President, Ken Nnamani has questioned his inclusion in the 53-man committee scheduled to attend the conference. Nnamani said he was neither contacted nor given prior notice about the conference before his name was included among party’s leaders that would at- tend the conference. Read more
Buhari, Obasanjo meet at Aso Rock
Ex-President Olusegun Obasanjo yesterday met behind closed-door with President Muhammadu Buhari.
The two leaders met at the Presidential Villa, Abuja. Obasanjo did not speak to reporters at the end of the meeting. Read more
New MTN chief to seek reduction of $5.2b fine
Mobile giant MTN plans to seek reduction of the N1.4trillion ($5.2 billion) fine imposed on it by the Federal Government.
Non-executive chairman Phuthuma Nhleko was named executive chairman of MTN for up to six months after Sifiso Dabengwa stepped down as CEO with immediate effect on Monday. Read more
CBN gives customers BVN reprieve
Customers yesterday got a breather on the Bank Verification Number (BVN), with the Central Bank of Nigeria (CBN) directing banks to ensure their uninterrupted enrolment on the platform.
In a statement signed by its Director (Corporate Communications) Ibrahim Mu’azu, the CBN said although the time frame for the initial enrolment had elapsed, the exercise should go on indefinitely. Read more
FG to use ICT for integrated e-health
The Federal Government has said that it is working hard to achieve the Universal Health Care (UHC) in Nigeria by 2020 using ICT to save one Million Lives (SOMLs) in Nigeria.
The Permanent Secretary Ministry of Communications Technology, Dr. Tunji Olaopa made the assertion at the preparatory technical meeting to Africa eHealth Summit 2016, held at the Nicon Luxury Hotel, Abuja. Read more
Banks spend $4b quarterly to stem ATM scam
Banks spent $4 billion quarterly to settle their foreign counterparts before the Central Bank of Nigeria (CBN) pegged withdrawals with naira-denominated Automated Teller Machine (ATM) cards abroad, it has been learnt.
The CBN pegged the withdrawals to $50,000 from $150,000 yearly. The daily limit was $300. Read more
Ogoni demand release of Saro-Wiwa’s memorial sculpture
The Federal Government has been told to urgently release a sculpture depicting the struggle of Ken Saro-Wiwa that was impounded by men of the Nigeria Customs Service in Lagos.
Speaking, yesterday in Port Harcourt at a joint press briefing organised by the Movement for the Survival of Ogoni People, MOSOP, Ogoni Solidarity Forum, Friends of the Earth of Nigeria and Social Action and Environmental Rights Action, ERA, to mark the 20th anniversary of Saro-Wiwa’s killing, they said Shell should be made to pay the full cost and for the pollution of Ogoniland. Read more
Again, Biafra agitators shut down Port Harcourt
Rivers State capital, Port Harcourt, was yesterday, grounded when thousands of supporters of the Movement for the Actualisation of Sovereign State of Biafra (MASSOB) staged a protest.
Daily Sun investigation revealed that the protesters, who insisted that security agents release Director of Radio Biafra, Mr. Nnamdi Kanu, came in from neighbouring states. Read more
Traders count losses as IPOB shut markets
It began like a whirlwind that is now sweeping through the South East states and other states with significant Igbo population. Even though there presently appears to be a temporary lull, the dust raised is yet to settle. But that is not all. The one million protest march embarked upon by members of the Indigenous People of Biafra, IPOB, which shut down markets in most cities in the South-East, took a heavy toll on the dwindling economy of the affected states. The affected traders have also begun to count the losses suffered while the three-day protest lasted. Read more
Policeman commits suicide after missing assessment exam
There was pandemonium, yesterday, at the Police Training School, Ikeja, Lagos, following the discovery of the lifeless body of Corporal Agi Elias inside his car.
It was gathered that the policeman, attached to Safer High Way Patrol, reportedly committed suicide at about 8p.m, Monday, after he missed an assessment exam held at the training school.
Apapa Gridlock: LASG Laments FG’s Failure to Mobilise Contractors
The Lagos State Government on Tuesday blamed the federal government for Apapa’s intractable gridlocks, lamenting that the failure of the apex government to bring back contractors to the site had not helped traffic situation in the axis.
The state government therefore called on the federal government to accelerate the process of bringing the contractors working on the container terminal and flyover bridge at TinCan Island back to the site. Read more
Family of Arrested Boko Haram Suspect Cries for Justice
Barely 72 hours after the arrest of Chindo Bello, one of the 100 Boko Haram terrorists declared wanted last month by the Nigerian Army, his family has cried out that he is not a Boko Haram member.
They appealed to the authorities concerned to ensure “justice with fairness in their investigations so as not to give room for miscarriage of justice and release him.” Read more
Customs generates N747b in 10 months
The Nigeria Customs Service ( NCS) has generated N747 billion as revenue in the last 10 months its Comptroller-General, Col. Hameed Ali (retd).
The NCS chief who spoke yesterday at the Illela border post in Sokoto while addressing officers and men of the service in continuation of his tour of formnations under the Sokoto/Kebbi/Zamfara Command, said the target given to the service by the Federal Government was N 944 billion, promising to meet it “or surpass it.” Read more
High liquidity brings down money rates to 5-year low
Moves by Central Bank of Nigeria, CBN, to influence money rates downwards brought down Federal Government bonds’ rate to a five-year low, yesterday, as banks’ liquidity position surged up to N850 billion.
Bond’s rates and other inter-bank interest rates mirror cost of funds in the money market which in turn determine interest rates on lending by banks to their customers. Read more
Oil and Gas
Nigeria’s oil industry investment dips 20%
Investment in Nigeria’s oil and gas industry, which stood at $20 billion last year has dropped by 20 per cent this year over industry woes and investment environment, the President for Chevron Africa and Latin America, Mr. Ali Moshiri has said.
Moshiri who spoke yesterday while delivering the keynote address at a luncheon hosted by Chevron Nigeria Limited at the ongoing annual conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, said total investment in global oil and gas industry last year was $600billion. He said out of this, Nigeria accounted for $20billion, lamenting that this investment level has dropped by 20 per cent this year. Read more
Chevron: Investment in Nigeria’s Oil and Gas Industry Drops by 20%
The President of Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has raised the alarm that total investment by all players in Nigeria’s oil and gas industry, which stood at $20 billion in 2014 has dropped by 20 per cent in 2015.
This is coming as the Governor of Lagos State, Mr. Akinwunmi Ambode, has said that the state will soon become the 11th oil producing state in the country, but decried what he described as the declining reserves, profitability and competitiveness of Nigeria’s operating environment in the oil and gas business. Read more
Strong refining margins may curb Nigerian crude differential weakness
Strong refining margins for petrol and a slight retreat in freight rates have helped prevent further weakness in Nigerian crude oil differentials, Reuters reports.
About 50 million barrels of Nigerian crude oil for November and December export are yet to find buyers with only around 10 days until crude due to be exported in January comes to market. Read more
Triumphant Eaglets arrive Abuja today
Nigeria won a fifth FIFA U17 World Cup on Monday when they defeated Mali 2-0 in an all-African final in Vena Del Mar, Chile.
“The latest Golden Eaglets will land in Abuja between 2 and 3pm on Wednesday. They will be on Emirates from Dubai,” an official informed. Read more
I am not 100% fit- Oliseh
Super Eagles’ Chief Coach Sunday Oliseh has confessed that he has not fully recovered from the sickness he suffered recently but had to risk his health situation for Nigeria.
He said he has to tinker the team since the assignment is huge because it bothers on the 2018 World Cup qualifiers. Read more
AU announces new round of peace talks in Sudan
The African Union (AU) Tuesday announced the resumption of negotiations on Nov.18 between Sudan’s government, the Sudanese People’s Liberation Movement (SPLM)/northern sector and Darfur’s armed movements in Addis Ababa, Ethiopia.
“The AU issued invites to Sudan’s Foreign Minister, Ibrahim Ghandour, and heads of the armed movements,” Mahmoud Kan, Chairperson of Khartoum’s AU liaison office, told reporters Tuesday. Read more
Libya Army Says 13 Security Personnel Killed by ‘Terrorists’
At least 13 members of Libya’s army were killed by “terrorist” violence on Tuesday in the east of the war-torn country, an army spokesman said.
“Most of the soldiers were killed by landmines planted by terrorist organisations,” spokesman Miloud al-Zawi told LANA, the official news agency of the internationally recognised government. Read more
‘Kenya govt not taking doping seriously’
Kenya’s government has failed to seriously tackle doping and must act swiftly to prevent its athletes being banned at the 2016 Rio Olympics, the chairman of Kenya’s Olympic committee said on Tuesday.
Dozens of Kenyan runners have been caught doping in the past few years, tarnishing the reputation of the east African country famed for its middle and long-distance runners. Read more
U.S. warns Burundi leaders over series of killings, urges dialogue
The U.S. envoy to Africa’s Great Lakes region on Tuesday urged Burundi’s government and the opposition to start internationally mediated talks without pre-conditions in order to end the country’s political crisis.
Tom Perriello told reporters in the Burundian capital, Bujumbura, that the international community is keenly watching events in Burundi, where a series of extrajudicial killings has raised concern. Read more
Ghana’s GDP reducing due to environmental degradation
A report from the World Bank indicates that Ghana is losing close to 12 per cent of its Gross Domestic Product (GDP) due to environmental degradation.
This, according to Dr Elias Ayuk, Director, United Nations University – Institute for Natural Resources in Africa (UNU-INRA) Accra, was due to rapid degradation of both renewable and non-renewable natural resources. Read more
Papua New Guinea police remain on alert after protest leaves one dead
Police in Papua New Guinea’s second largest city Lae remain on alert after a mass protest against foreigners leaves one person dead and several others injured.
Police in Papua New Guinea’s second largest city Lae remain on alert after a mass protest against foreigners left one person dead and several others injured. Read more
Weak rand pressures Reserve Bank
South Africa’s rand plunged to a record against the dollar on Tuesday, increasing pressure on the central bank to raise borrowing costs at a policy meeting next week.
The currency weakened as much as 0.6 percent to 14.3827 per dollar, before erasing the decline to gain 0.1 percent to 14.2835 by 5.25pm in Johannesburg, paring its slump this year to 19 percent. Yields on benchmark government rand bonds due December 2026 fell 2 basis points to 8.59 percent. Read more
Resettled People in DRC Lack Agricultural Tools, Seeds
Aid agencies say there’s a need to find long-term solutions for nearly 200,000 displaced people living in camps in the Democratic Republic of Congo. Three camps were closed in the DRC’s North Kivu province last month, and there likely are to be more closures, despite continuing insecurity in some areas.
The great majority of the estimated 700,000 displaced people in North Kivu are not living in camps and are not receiving food aid. Read more
Egypt Releases Journalist Charged Over ‘False News’
Egyptian journalist Hossam Bahgat was released yesterday, two days after being arrested by the military for “publishing false news aimed at harming national security.”
His lawyer Naser Amin said that Mr Bahgat was released “pending investigation” and had to sign a document stating that he “will abide by legal and security procedures when publishing material pertaining to the armed forces.” Read more
Migrants go on hunger strike at Czech detention centre -volunteers
Dozens of migrants launched a hunger strike in one of the detention centres in the Czech Republic on Tuesday to protest against the duration of their stay, volunteers visiting the facility said.
The Czech Republic has avoided large-scale migration through its territory as most of the hundreds of thousands of people fleeing poverty and war in the Middle East via the Balkans to Germany take an easier route through neighbouring Austria. Read more
Ku Klux Klan leader sentenced to death for triple murder at Jewish centres
A white supremacist in the US who shot dead three people outside Jewish centres in Kansas has been sentenced to death by lethal injection.
Frazier Glenn Cross, a 74-year-old former leader of the Ku Klux Klan, gave the “Heil Hitler” salute as he was dragged out of court after sentencing in Kansas. Read more
Kosovo deal to empower Serbs is put on hold by constitutional court
Kosovo’s constitutional court has put on hold an EU-brokered agreement that would give greater powers to local Serb communities after it was challenged by the opposition, which wants the deal scrapped.
Neighbouring Serbia, which does not recognise the sovereignty of its former province, immediately denounced the court’s ruling as an unprecedented violation of the agreement mapped out in Brussels. Read more
In debate, Republican candidates vow not to raise U.S. minimum wage
The leading Republican presidential candidates launched into their fourth debate on Tuesday by vowing to oppose raising the federal minimum wage, saying it would hurt small businesses and reduce jobs.
With income inequality looming as an election issue, thousands of protesters took to the streets across the United States earlier in the day to demand a $15-an-hour minimum wage for fast food workers. Read more
‘No ban for Russia over doping scandal’
A Russian member of the International Olympic Committee (IOC) said on Tuesday the Russian Athletics Federation would not be disqualified due to a doping scandal surrounding the sport. Read more