*35 killed in Borno market explosion, other attacks* *Fracas Disrupts NLC Elections*

*35 killed in Borno market explosion, other attacks* *Fracas Disrupts NLC Elections*

Sabinews Daily Morning News Update for February 13, 2015MORNING NEWS

 

National News

 

35 killed in Borno market explosion, other attacks

Thirty-five persons were killed, yesterday, and several others injured during attacks by Boko Haram terrorists on three Borno communities. The three communities were Biu, the largest Borno town in the southern part of the state, Alkideow and Mbuta.

In Biu, a deadly explosion from a bomb that went off in a crowded market, reportedly killed 15 people with 21 others injured, according to witnesses. Read more

Fracas Disrupts NLC Elections

The bid by the Nigeria Labour Congress (NLC) to elect new officers to replace the outgoing president, Abdulwahed Omar, and other officers was disrupted as some delegates on Thursday threw the proceedings into pandemonium by smashing ballot boxes and throwing out ballot papers.

The elections were therefore suspended at the 11th National Delegates’ Conference, which began at the International Conference Centre in Abuja on Monday.

Three contestants – General Secretary of the National Union of Electricity Employees (NUEE), Joe Ajaero; President of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Igwe Achese; and the Chairman of Medical and Health Workers Union of Nigeria (MHWUN), Wabba Ayuba – had thrown their hats into the ring to contest for the presidency of the congress. Read more

Poll Shift Costing EU N435m

The recent shift in the dates of  the general election will cost the European Union (EU) Election Observer Mission (EOM) in Nigeria 1.8 million Euros (about N435 million) in additional expenses,  the mission’s head, Mr. Santiago Fisas has said. Read more

Cameron Restates Britain’s Commitment to Enhancing Trade with Nigeria

The British Prime Minister, Mr David Cameron, has restated Britain’s commitment to further enhance the subsisting bilateral trade agreement with Nigeria.

Cameron made the pledge at the annual British Chamber of Commerce conference held on Wednesday at the Queen Elizabeth Conference Centre in London. Read more

CAN didn’t endorse Buhari—Arewa Citizens

The Arewa Citizens Action for Change, ACAC, has debunked reports that the North-East chapter of Christian Association of Nigeria, CAN, had endorsed the candidature of All Progressives Congress, APC’s presidential candidate, General Muhammadu Bahuri (retd) for the forthcoming general elections.

ACAC said that neither CAN nor its Chairman, Reverend Shu’aibu Byal, endorsed Buhari. Read more

Nigeria Loses N20bn Annually to Illegal Charter Operators

The federa government loses N20 billion annually through privately licensed aircraft, which are used to operate illegal charter service, THISDAY investigations have revealed.

These losses are incurred because illegal operators do not pay 5 per cent ‎charge, which amounts to about N35 billion annually  and they have 70 per cent of the charter market. Read more

AAAN laments unethical political adverts

The Association of Advertising Agencies of Nigeria (AAAN), has criticised  the spate of unvetted advert campaigns by the political parties and shadow interest groups across the various media.

In a statement signed by its President, Kelechi Nwosu, the association said in obvious disregard of the advertising code and ethics of APCON (Advertising Practitioners Council of Nigeria) and the AAAN, most of these political advertisements have been exposed without going through the vetting procedures and consequent approvals from the Advertising Standards Panel (ASP) of APCON. Read more

Gunmen invade Okomu Oil Palm, kill 2, injure 5

Gunmen have reportedly launched an attack on Okomu Oil Palm Plc located at Udo in Ovia South West Local Government Area of Edo State, killing two workers in the process.

The victims were said to be working with five other colleagues when the gunmen suspected to be Ijaw youths invaded the plantation. Read more

APC, PDP clash at police peace parley

The leaders of the All Progressives Congress and the Peoples Democratic Party expressed sharp disagreements over members of which political party were responsible for the series of attacks on the opponents in the state.

The Assistant Inspector-General of Police in Zone 11, Mr. Ikemefuna Okoye, had invited the leaders of the various political parties to a peace parley where they signed a peace accord to ensure violence-free elections. Read more

Returnees in Dilemma over Election Shift

Many south easterners who returned home for fear of election violence are now trapped in a dilemma over whether to go back to their bases or not. Many of the returnees arrived at the weekend, oblivious of the postponement of the elections to March 28 and April 11.

Consequently, they are now faced with the decision of whether to remain till the new election dates or return to their businesses and jobs, reported the News Agency of Nigeria (NAN). Read more

Jonathan Promises to Rebuild Chibok School

President Goodluck Jonathan has given approval for the rebuilding of Government Secondary School, Chibok, Borno State.

Jonathan spoke through the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday when she visited the Chibok community in Kuje, Abuja, as part of the outreach for the Safe Schools Initiative to provide education to children who are out of school as a result of the insurgency particularly in the North-eastern part of the country. Read more

PDP Makes U-turn, Passes Vote Of Confidence On Jega

Apparently taking a cue from President Goodluck Jonathan who insisted that he had no plans to sack the INEC chairman, Prof Attahiru Jega, the ruling Peoples Democratic Party (PDP) has made a U-turn from its earlier stance and has now passed a vote of confidence in Jega to conduct the March 28 and April 11 general elections.

PDP national chairman, Dr Adamu Mu’azu, who disclosed his party’s new stance yesterday during a press conference in Abuja, noted that although the election was postponed because of INEC’s unreadiness, the party was confident that Jega would deliver free, fair and credible elections. Read more

MASSOB introduces vehicle, driver licences, passport

Movement for the Actualisation of Sovereign State of Biafra (MASSOB) has urged the international community to rezone the country to enable each zone go back and conduct their own elections in the interest of peace.

Assistant National Information Director, Mr Sunny Okereafor, made this call while speaking to Daily Sun in Umuahia. Read more

Suspected local head of Boko Haram arrested in Niger: Sources

A suspected local leader of Nigeria’s Boko Haram Islamist group was arrested and several weapons including rocket launchers seized from his home in the town of Diffa in southern Niger on Thursday, security sources said.

The town on the Nigerian border has come under attack from the militants this past week, since Chad deployed hundreds of troops to the area as part of a regional effort to tackle Boko Haram. Read more

Protesting workers shut down Ekiti federal varsity

Following the sack of 10 members of staff by the management of the Federal University, Oye Ekiti for alleged unruly behaviour, the workers yesterday shut down the institution in protest and disrupted commercial activities in the town.

The workers, who started the protest at about 7am, blocked the road leading to the university from the centre of the town and made bonfires, while calling on the Vice Chancellor, Prof. Isaac Asuzu, to rescind the action for normalcy to return. Read more

 

Economy

 

Nigerian Breweries to Pay N3.50 Final Dividend

Nigerian Breweries Plc on Thursday declared a final dividend of N3.50 kobo per share for the year ended December 31, 2014. According to the results made available by the Nigerian Stock Exchange (NSE),  the leading brewing firm ended the year with a revenue of N266.37 billion, down marginally by 0.8 per cent from N268.6 billion posted in 2013. Read more

Emefiele Calls for Calm as Naira, Stocks Sustain Decline

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has reiterated that there is no need for panic over the recent depreciation of the naira against the dollar, even as he reassured investors that the central bank will continue to meet legitimate foreign exchange demand.

Emefiele, who said this at the Nigerian Stock Exchange (NSE) yesterday, where he also rang the closing bell, insisted that the nation’s currency was “appropriately priced”. Read more

Expect further devaluation of naira –CBN

Worried by the impact of naira’s continued free fall and depleting foreign exchange reserves, coupled with falling oil prices, the Central Bank of Nigeria (CBN) yesterday disclosed that there may be some level of devaluation of the currency soon.

The apex bank made this fact known yesterday at a meeting of the Bankers’ Committee, comprising the CBN and Managing Directors of commercial banks in Nigeria, in Lagos. Read more

Anxiety Grips Insurance Firms as SEC, NAICOM Investigate Misuse of Funds

Anxiety has gripped the boards and managements of some insurance companies that misused funds raised from the capital market as the  Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM)  have resolved to penalise the companies involved.

The Deputy Commissioner of Insurance, Technical (NAICOM), Mr. Mohammad Kari, had during a visit to the acting Director General of SEC, Mr. Mounir Gwarzo, hinted that   some cases of misuse of funds were being investigated by the insurance industry regulator. Read more

 

Oil and Gas

 

Consolidation Looms for Nigerian Companies to Survive Oil Price Drop

Small oil-producing companies in Nigeria, facing slumping prices and rising debt, may need to combine to survive, the chief executive officer of one of the companies said.

“We don’t have that much leverage, the rapid drop is unprecedented for the country’s small producers,” Kola Karim, the Chief Executive of Officer of Shoreline Natural Resources Limited, said in a phone interview with Bloomberg yesterday from London. Read more

 

World News

 

China to overtake US as largest retail market by 2018

China is poised to become the world’s largest retail market in 2018, overtaking the US, despite the world’s second-largest economy’s growth slowdown, according to a report published by PricewaterhouseCoopers (PwC).

Although retail sales have fallen from 15.6% in 2009, China is still expected to average annual retail volume growth of 8.7% in the next two years to overtake the US by 2018. Read more

Ukraine crisis: Shelling follows Minsk peace summit

New shelling has been reported in the rebel-held east Ukrainian cities of Donetsk and Luhansk, shortly after the peace deal reached in Minsk.

There are no confirmed reports of casualties. Both cities are near the front line where the pro-Russian rebels face government forces. Read more

Train derails in south India killing at least 10 passengers

At least 10 people are killed and 100 others feared injured after the Bengaluru-Ernakulam Intercity Express derailed in one of the border towns between the southern Indian states of Karnataka and Tamil Nadu.

Nine coaches of the Ernakulam-bound train derailed at about 08:00 am local time, near the town of Hosur. The cause of the accident is not known as yet. Read more

Nearly 200 pilot whales stranded on New Zealand beach

Nearly 200 pilot whales stranded themselves on New Zealand’s South Island on Friday, with hordes of rescuers rushing to the remote area in a bid to guide them back to sea.

Two dozen of the 198 whales had already died despite efforts to save the creatures, which were found stranded on Farewell Spit, a famous spot for whale beachings, Department of Conservation area manager Andrew Lamason said. Read more

Jackie Chan’s son released after Beijing marijuana sentence

The son of actor Jackie Chan was released from a Beijing jail Friday after completing a six-month sentence for allowing people to use marijuana in his apartment, amid a crackdown on illegal narcotics in the Chinese capital.

A statement issued by Jaycee Chan’s entertainment company said the 32-year-old actor and singer left the city’s Checheng jail a few minutes after midnight. Read more

 

Power

 

Nigeria firm to invest N800bn in 2,000MW plants

An indigenous consortium led by the FirstGate Group on Thursday signed a Memorandum of Understanding with the Federal Government to invest about $4bn (about N800bn) in the construction of two power plants with combined output of 2,000 megawatts.

According to the group, the plants will be gas fired (1,000MW) and solar powered (1,000MW), and both projects will be completed in four to five years. Read more

 

Sports

 

Be Nigeria’s Valiant Flag-bearers, LMC Urges Pillars, Enyimba, Others

Clubs campaigning for the country in continental competitions have been urged by the League Management Company (LMC) to be good ambassadors and flag bearers of the ever-improving Nigeria Professional Football League.

Kano Pillars and Enyimba International are campaigning for the CAF Champions League cup while Dolphins and Warri Wolves are in the CAF Confederation Cup competition. All the clubs are engaged in the first leg of the qualifying rounds this weekend. Read more

Nigeria up one spot in FIFA Rankings

Super Eagles moved up a spot in the monthly FIFA ranking despite its absence from the just concluded Africa Cup of Nations that ended last Sunday in Equatorial Guinea .

Super Eagles is now ranked 42nd in the world and 7th in Africa after accumulating 664 points. Read more

Golden Eaglets Arrive Niamey for African U-17

Nigeria’s Under-17 team, Golden Eaglets, safely arrived Niamey by road from Sokoto yesterday for the 11th African Under-17 Championship and were given a royal welcome by members of the local-based Nigeria Football
Supporters Club (NFSC).

Flag-waving members of the NFSC led by their Chairman, Sidney Sunday Ubanna, rode in a motorcade with the team to their  new abode in Niamey , Palace Royale Hotel , where accommodation have been reserved for the team. Read more

Chukwu clears air on Keshi

Former captain and one time handler of the national team, Christian Chukwu has said that his comments on the protracted contract talks between the Nigeria Football Federation and out-of-contract Super Eagles coach, Stephen Keshi were based on what he termed as “the body language of the NFF.”

According to him, “from what I can read of the body language of the NFF, it appears they do not want Keshi anymore but they have not been bold enough to tell him so. Instead, they have been trying to please someone somewhere.” Read more

Arsenal Ladies sign Ubogagu

Nigerian-born Chioma Ubogagu has joined Arsenal ladies from US team, Stanford University

The 2012 FIFA Women U-20 World Cup winner for the USA played 89 times for the US team, scored 27 goals with 37 assists which places her fourth on Stanford’s list of all time assists. Read more

Keshi, Le Roy, Giresse apply for Burkina job

Super Eagles out of contract coach, Stephen Keshi is certainly not one to put all his eggs in one basket.

And despite getting the recommendation of the NFF technical committee to continue in his position with the Super Eagles, the Delta State born tactician had been named among the list of top coaches, who applied for the job of handling the Burkina Faso national football team. Read more

 

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