August 24, 2017

*At least 47 dead in market bomb blast in Borno* *TUC: Proposed VAT Hike will Raise Poverty Level*

*At least 47 dead in market bomb blast in Borno* *TUC: Proposed VAT Hike will Raise Poverty Level*

Sabinews Morning News Update for August 12, 2015

National

BillionaireJackpot

At least 47 dead in market bomb blast in Borno

At least 47 people were killed and dozens wounded in a bomb blast Tuesday in a part of northeast Nigeria frequently targeted by Boko Haram Islamists, a medical source and witnesses said.

The explosion ripped through the weekly market in the village of Sabon Gari, around 135 kilometres (85 miles) south of Borno state capital Maiduguri, during peak trading around 1:15 pm (1230 GMT), the sources said. Read more

TUC: Proposed VAT Hike will Raise Poverty Level

The Trade Union Congress of Nigeria (TUC) on Tuesday kicked against the proposed plan by the federal government to raise the rate of value-added tax (VAT) from 5 to 10 per cent to shore up revenue.

TUC in a statement that was signed by its president, Bobboi Bala Kaigama, and secretary general, Musa Lawal, said the proposal if implemented will eventually raise the level of poverty among Nigerians. Read more

Soldiers, Boko Haram in gun battle near Maiduguri

The Nigerian military are currently in a gun duel with Boko Haram terrorists near Maiduguri, the Borno State capital, DAILY POST has learnt.

It was gathered that loud explosions and sporadic gunshots could be heard Tuesday evening in Kayamula village of the Jere Local Government Area. Read more

Boko Haram has been ‘decapitated’: Chadian leader

Chad’s President Idriss Deby declared Tuesday that efforts to combat neighbouring Nigeria’s Boko Haram jihadists had succeeded in “decapitating” the group and would be wrapped up “by the end of the year“.

Addressing reporters in the capital N’Djamena on the 55th anniversary of Chad’s independence from France, Deby said: “Boko Haram is decapitated. There are little groups (of Boko Haram members) scattered throughout east Nigeria, on the border with Cameroon. It is within our power to definitively overcome Boko Haram.” Read more

Economy

Treasury Single Account: FG releases CBN account name, number for MDAs

In compliance with President Muhammadu Buhari’s directive on  the establishment and operation of Treasury Single Account for e-collection of government receipts for all federal Ministries, Departments and Agencies (MDAs), a new account name and number for the Central Bank of Nigeria has been released to the affected MDAs.

In a circular dated August 7, with reference number HCSF/428/S.1/120, the Head of Service of the Federation, Danladi Kifasi, said compliance takes effect from the date of the circular.‎ Read more

Intensify Awareness On BVN, Senate Tells CBN

Not forgetting the stampede that greeted the days preceding the June 30 initial deadline set by the Central Bank of Nigeria (CBN) to enable bank customers register for a Bank Verification Number (BVN), and ahead of the October 31, new closing date, the Senate on Tuesday tasked the Bankers Committee on the need for a rigorous awareness campaign, particularly in rural areas, to ensure compliance. Read more

CBN urges Buhari to sign FSS2020 bills into law

The Central Bank of Nigeria (CBN) has appealed to President Muhammadu Buhari to urgently give presidential assent to three  bills passed by the National Assembly concerning Financial Sector Strategy 2020 (FSS 2020).

The CBN is particularly worried that the bills may be given less attention than they deserve because they were passed during the last days of the last National Assembly. Read more

Oil and Gas

NNPC Reduces Mgt Staff From 122 To 83

President Muhammadu Buhari’s determination to reposition the Nigerian National Petroleum Corporation (NNPC) for better efficiency and accountability has continued to claim more victims.
This is just as 38 of the Corporation’s top management staff were equally sacked in the sweeping reorganization, reducing the number from 122 to 83. Read more

ConocoPhillips to seek buyers for stake in Indonesian oil, gas block -sources

U.S. oil and gas company ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production sharing block it operates in the Natuna Sea, company and government sources said.

The company has proposed to upstream oil and gas regulator SKKMigas to open its data room for the South Natuna Sea Block B, the agency’s spokesman Elan Biantoro told Reuters, noting that such requests were usually made by companies “that want to farm out their participating interests.” Read more

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Power

Consumers Shouldn’t Pay For Transformers, Meters, Senate Tells NERC

The Senate, on Tuesday, directed the Nigerian Electricity Regulatory Commission (NERC) to mandate electricity distribution companies (DISCOs) in the country to discontinue the practice of making consumers pay for meters, poles and transformers.

These, which by law, the Senators noted, are properties of the DISCOs, adding that where the consumers purchase those items, they should give notice of the purchase to the DISCOs, and be entitled to recover their expenses from subsequent consumption of electricity. Read more

Sports

Rangers Protests Against Officiating At Port Harcourt

Enugu Rangers International has protested against poor refereeing in its Week 22 match against which ended 1-1 on Monday morning in Port Harcourt.

The game was stopped after 74 minutes on Sunday due to heavy downpour with Rangers leading 1-0. Read more

FIFA Presidency: NFF meets over Kalu’s ambition

Orji Uzor Kalu’s ambition to become the next FIFA president is generating excitement as Nigeria Football Federation appears reluctant to be drawn into declaring support for the former Abia State governor.

Uzor-Kalu, declared his intention to replace Sepp Blatter in the February 2016 elections, but that move is now a subject of discussion among top football enthusiasts. Nigeria Football Federation president, Amaju Pinnick stated yesterday that the matter will be discussed by the executive committee of the NFF and its position will be made known. Read more

FIFA U-17 World Cup: Katsina state offers to host Eaglets camping

The chances of Golden Eaglets successfully defending its U-17 World Cup received a boast yesterday, as Katsina State Government has appealed to the Nigeria Football Federation (NFF) to relocate the team to the state for a close pre-tournament camping.

Offering to lodge the team in newly opened Karkankada Stadium in Katsina, the state promised to bankroll the remaining preparation period of the team before their departure to Chile for the group stage encounter against USA, Croatia and host nation, Chile.  Read more

Gunmen shoot Rangers coach Offordile

Enugu Rangers coach Charles Offordile was shot on Monday by gunmen in Asata area of Enugu.

The five-time Federation Cup champions were preparing to travel to Abuja for Wednesday’s 2015 Federation Cup quarterfinal match against El-Kanemi Warriors, when the gunmen shot Offordile. Read more

Pinnick Seeks Support For Oliseh

President of the Nigeria Football Federation (NFF) Amaju Pinnick, has once again solicited for support for the Super Eagles Head coach, Sunday Oliseh.

It is not only Oliseh that Pinnick wants Nigerians to lend their support to, but also the NFF, in its bid to reposition Nigerian football. Read more

Okwaraji gone but not forgotten

Though the weather advisory for Lagos on Saturday, August 12, 1989, suggested a hot sticky day many a Nigerian soccer fan would soon remember it as cold, grey and unforgiving. And who could blame them?

First of all came the unfortunate sequence of events off the field. Recently refurbished and still basking in a fresh coat of paint The National Stadium was being tested for the first time in its new Fifa approved version which had 20,000 less seats – something that seemed to have slipped by the phalanx of host officials. Read more

World News

Morocco to host first business aviation fair in Africa

Morocco will host the first business aviation fair in Africa in September, the ministry of equipment, transport and logistics said yesterday.

This two-day international event is scheduled early next month at the International Mohammed V airport in Casablanca. Read more

SA business leaders gripped by pessimism

A weak rand, inflation rising and the lights won’t stay on – It’s no surprise that South Africa’s business leaders are pessimistic.

It’s not much of a secret that the economy is suffering from a few issues at the moment. Be it the seemingly endless saga over the price of electricity – in particular, the less than ideal supply levels – or the rising inflation that recently forced the Reserve Bank to raise the cost of borrowing, Africa’s most developed economy hasn’t had a banner year. Read more

South Sudan Rebels Deny Split in Ranks

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South Sudan rebels loyal to former Vice President Riek Machar are denying reports of a split in their ranks. This came as Gathoth Gatkuoth and Peter Gadet, top rebel commanders, announced Tuesday that they had split with Machar’s forces.

The two generals said they will now be fighting against both Machar’s rebels and the South Sudan army. Read more

UN probes C.Africa peacekeeper rape, killing allegations

The UN mission in the Central African Republic launched a probe Tuesday into allegations its soldiers had raped a 12-year-old girl and shot dead a teenager and his father.

The probe was opened following allegations made by London-based rights watchdog Amnesty International, which said the alleged incidents took place on August 2 and 3 as Rwandan and Cameroonian peacekeepers were conducting an operation in the capital, Bangui. Read more

Sekhemka Egyptian statue export ban extended by government

A temporary export ban on an ancient Egyptian statue sold by a council has been extended by the government.

The 4,000-year-old Sekhemka was sold at auction by Northampton Borough Council for £15.76m to fund an extension to Northampton Museum and Art Gallery. Read more

Killing of lion spurs Zimbabwe to boost wildlife protection

No fence separates Hwange National Park from the outside world. When Cecil the lion was lured onto an adjacent farm in an allegedly illegal hunt, he had to cross only a set of rarely used railroad tracks to go from a protected area into a kill zone.

The killing of the popular lion by an American hunter, which triggered outrage far beyond Zimbabwe’s borders, has strengthened resolve here to enforce hunting regulations, but there’s no talk of fencing the huge reserve or an outright ban on hunting. Read more

Hillary Clinton agrees to hand over email server to FBI

Hillary Clinton’s private email server will be handed over to the FBI, which is investigating whether the unorthodox set up may have allowed foreign governments to spy on sensitive US government communications.

Mrs Clinton’s presidential campaign has been dogged by questions over the private server she used while secretary of state and Republicans say it may have been a national security risk. Read more

Farming recovery in Sri Lanka’s ex-war zone exposes water woes

Since Sri Lanka’s three-decade civil war ended in 2009, Nagarathnam Ganeshan has faced a major new uncertainty: how much water he will have to grow his crops.

A paddy farmer from the village of Visuvamadu in Mullaitivu district, deep inside the former war zone in Northern Province, Ganeshan was able to go back to his original way of earning a living once peace returned. Read more

Two-day ceasefire begins in Syrian town, villages – Hezbollah’s al-Manar TV

A 48-hour ceasefire to halt fighting in the Syrian town of Zabadani and two villages in the northwestern province of Idlib began at 6 a.m. (0300 GMT) on Wednesday, Hezbollah’s al-Manar TV reported.

The Iranian-backed Lebanese group Hezbollah is fighting alongside the Syrian army in the Syrian war. Read more

Italian navy rescues migrants, survivors say up to 50 feared missing

The Italian navy rescued a boat carrying migrants off the coast of Libya on Tuesday and Italian reports said survivors spoke of as many as 50 others who had been on board but were feared missing.

The navy said on Twitter one of its ships, the Fenice, had rescued migrants from an inflatable rubber boat but gave no details or numbers. It said they had been transferred to a coast guard patrol boat. Read more

Refugees stream into Greek island, meet wretched conditions

Dozens of boat people from the Middle East are flowing into the Greek holiday island of Kos from nearby Turkey, joining thousands of refugees camped under wretched conditions.

Overwhelmed and unprepared for the unprecedented influx, authorities on the eastern Aegean Sea island have been heavily criticized for their treatment of the migrants — mostly refugees from Syria. Read more

India government sues Nestle for $100m over Maggi noodles

India is suing Nestle for $100m (£64m) over “unfair trade practices”, an official has confirmed to the BBC.

The complaint against Nestle is that it caused damage to consumers through misleading advertisements related to its Maggi noodles product. Read more

 

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