*Boko Haram Beheads Two Men in Video* *‘Non-payment of Subsidy Caused Fuel Scarcity’*

*Boko Haram Beheads Two Men in Video* *‘Non-payment of Subsidy Caused Fuel Scarcity’*

Sabinews Daily Morning News Update for March 3, 2015MORNING NEWS

 

National News

 

Boko Haram Beheads Two Men in Video

Boko Haram, the Islamist extremist group already blamed for numerous horrific attacks in West Africa, posted a graphic video online Monday showing the apparent beheadings of two men who the group said were suspected spies.

The six-minute video shows two men with their arms tied to their backs. They are made to face the camera on their knees, with another man towering over one of them brandishing a knife. Read more

‘Non-payment of Subsidy Caused Fuel Scarcity’

The scarcity of fuel currently being experienced in major cities across the country will persist except federal government acts fast to pay outstanding subsidy claims, the Major Oil Marketers Association of Nigeria (MOMAN) disclosed in Abuja yesterday.

The group said they are constrained from importing petrol due to non-payment of their subsidy claims, resulting in the current scarcity of the product. Read more

Fuel scarcity gets worse nationwide

As fuel scarcity bites harder nationwide, fresh facts emerged, yesterday, indicating that a combination of policies from Nigeria’s Central Bank and the high level of indebtedness of product marketers to some banks led to the low supply of Premium Motor Spirit PMS (petrol).

Because of the high level of indebtedness of marketers to banks, most of the banks have refused to issue Letters of Credit to them. A competent source at the Petroleum Products Pricing Regulatory Agency, PPPRA, disclosed that “the National Consumption level is predicated at 40 million litres daily and this is shared at ratio 50:50 between NNPC and other petroleum products marketers. Read more

Elections postponement ‘ll cost Nigeria N400bn, says NAHCO boss

The acting Managing Director of the Nigerian Aviation Handling Company, NAHCO, Plc, Mr. Nobert Bielderman, Monday, said that the postponement of the 2015 general elections for six weeks by the Independent National Electoral Commission, INEC, will have an adverse impact on the Nigerian economy to the tune of $2bn (over N400bn) loss.

Speaking with newsmen at a day summit organised by NAHCO Plc, Bielderman noted that the devaluation of the naira against the United States dollars would affect the domestic airline operators as they try to procure their spare parts abroad. Read more

Dangote, Adenuga, Alakija Slip in Forbes Billionaires’ List

The sharp fall in oil prices, the naira devaluation, as well as the decline in the value of equities listed on the Nigerian Stock Exchange (NSE) have taken their toll on Nigeria’s billionaires, as their ranking dropped in the 2015 Forbes’ Billionaires’ list released on Monday.

Although the founder of Dangote Group, Alhaji Aliko Dangote, maintained his position as the richest man in Africa on the list, he tumbled from 25th place to 67th out of 1,826 global billionaires on the list. Read more

Military Approach Not Enough to Conquer Boko Haram – UN

Reiterating his condemnation of Boko Haram attacks in the Northeast of Nigeria, United Nations Secretary-General, Mr. Ban Ki-moon, has said that he was convinced that military approach alone would not counter the Boko Haram insurgency in Nigeria and its neighboring countries.

Making this known in a statement made available to journalists in New York yesterday, Mr. Ban reiterated his strong condemnation of the continuing indiscriminate and horrific attacks by Boko Haram against civilian populations in Cameroon, Chad, Niger and Nigeria. He also called for urgent efforts to combat terrorist threats in the affected areas. Read more

BBOG Group Calls for Independent Reportage Of Counter-insurgency

The #BringBackOurGirls (BBOG) group has called for independent reportage of the war against insurgency in the North-east to erase doubts of some unbelieving members of the public about the efforts of the Nigerian Army to win the fight against the Boko Haram sect.

A statement signed by Dr Oby Ezekwesili and other leaders of the group emphasised the importance of having journalists among the ground troops to independently cover the counterinsurgency efforts, adding that such practice is a global standard by militaries prosecuting wars in various countries. Read more

FG deploys more troops to stabilise N’East for elections

The Federal Government has deployed additional troops in the North-East to intensify the on-going war against members of the terrorist group, Boko Haram.

The troops would help to strengthen the military onslaught against the insurgents and help to stabilise the territories recovered by the Multi National Joint Task Force for the March 28 and April 11 elections. Read more

Boko Haram Attacks Niger Republic

Boko Haram gunmen attacked an island on the Niger Republic’s side of the Lake Chad, with locals reporting heavy casualties among those who fled but no official confirmation of the death toll.

A private radio station in Niger said that two people died in a fire in the remote village last Sunday evening but one survivor spoken to by AFP said the death toll was higher. Read more

73 Insurgents Killed in Failed Boko Haram Konduga Attack

No fewer than 73 Boko Haram terrorists yesterday fell to the superior firepower of the Nigerian troops during a failed attempt by the insurgents’ bid to retake Konduga town in Borno State.

One Nigerian soldier was reportedly killed in the attack which lasted over five hours, security sources said. Read more

Ex-DSS Director: It’s Unsafe to Send IDP’s Back to Liberated Territories for Polls

A retired director with the Department of State Security (DSS), Mr. Mike Ejiofor, has advised  against contemplating the return of internally displaced persons (IDPs) to communities liberated by the military, warning that the places may not be safe.

Ejiofor, who is now an Abuja-based security consultant, said there was a likelihood that Boko Haram insurgents might have left explosive devices in different corners which need to be properly swept by the bomb experts and certify all liberated communities safe for re-occupation by displaced persons. Read more

Troops liberate Yobe communities from Boko Haram

The Defence Headquarters in Abuja yesterday said troops were dominating operations in Yobe State.

A statement on the Defence Headquarters’ website said: “Troops are dominating operations in Kukawa, Geri, Gujba in Yobe, to rid the terrorists on Sunday.” Read more

Anxiety as Jega meets RECs Wednesday

There were concerns in Abuja on Monday   that some Resident Electoral Commissioners might pass a vote of no confidence in the Independent Electoral Commission Chairman, Attahiru Jega, on Wednesday.

Jega is expected meet with the RECs on the said date to assess the collection of Permanent Voter Cards by registered voters and the situation in communities recaptured from Boko Haram. Read more

NDLEA arrests four with drugs inside bitter leaves

The National Drug Law Enforcement Agency (NDLEA), at the international wing of the Akanu Ibiam Airport (AIA) Enugu, has arrested four suspected drug traffickers in connection with unlawful importation and exportation of illicit drugs that tested positive for cocaine, amphetamine and cannabis with a total weight of 25.25 kilogrammes.

NDLEA Chief Executive, Ahmadu Giade, who disclosed this yesterday, stated that by the arrest ,the agency has saved the suspects from the executioner’s sword in China and Malaysia where drug trafficking attracts capital punishment. Read more

Panic in Kwara PDP over Gbemisola Saraki’s Plan to Leave Party

Ahead of forthcoming general election, tension is now pervading the leadership of the Peoples Democratic Party (PDP) in Kwara State over the alleged move by the former senator representing Kwara central senatorial district, Senator Gbemisola Saraki, to leave the PDP for another party in the state.

Already, the leadership of the party in the state has reportedly been working day and night to beg the former senator not to dumping the party in view of her political influence in the state. Read more

INEC to Test-run Card Readers Saturday

As part of preparations for the general election, the Independent National Electoral Commission (INEC) will be conducting field tests on the functionality of the smart card readers (CRs) to be deployed for the accreditation of voters on Election Day.

According to the commission’s Decision Extract issued recently and signed by its Director, Commission’s Secretariat, Ishiaku A. Gali, the field tests would take place in two states of each of the six geopolitical zones of the federation and it would take place simultaneously on Saturday, March 7, 2015. Read more

FG, Senate Move to Curb Violence against Women, Others

Disturbed by increasing spate of violence in the society especially against women, both the federal government and Senate yesterday pushed for quick passage of Violence Against Persons (Prohibition) Bill (VAPP) with a view to checkmating the menace in the society.

At a one-day public hearing on the bill along with three others, the federal government represented by the Minister for Women Affairs and Youth Development, Hajia  Zainab Maina and Senate President David Mark, tasked different committees of the National Assembly working on the bills to expedite action in order to curtail the menace. Read more

FG Has No Plans to Slash Workers’ Salaries – Ochekpe

The minister of Water Resources, Sarah Ochekpe, yesterday said that federal government has no plans of slashing workers’ salaries because of the crash in the oil price.

Ochekpe stated this during an interactive session with heads of federal establishments in Plateau State at the federal secreteriat in Jos. Read more

 

Economy

 

Bloomberg marks down economic growth rate for Nigeria

Despite the seeming glimpse of recoveries recorded last week in Nigeria’s economy, global study report by Bloomberg is pointing to a decline in the forecast growth for 2015.

However, the report indicated that Nigerian economy will rank among the world’s top 20 fastest growing in 2015. Read more

Economy to double in-between elections 2015, 2019

Nigeria’s Gross Domestic Product (GDP) has been projected to hit N156.3 trillion by 2019 when the next general election would be in the front burner once again. This indicates that the GDP would have almost doubled from this year’s size, all things being equal. The rebased real GDP at N82 trillion for 2013 was estimated at N84.9 trillion for 2014.

This analytical projection by the researchers at FSDH Securities, one of Nigeria’s leading investment houses, was however predicated on certain developments both in the short and medium terms. Read more

Nigeria’s trade to rise by N2.43tn – NBS

The country’s total merchandise trade is expected to rise by N2.43tn from the estimated figure of N25.17tn in December 2014 to N27.6tn by the end of this year, a document obtained from the National Bureau of Statistics has predicted.

The bureau, in its economic review and outlook for the next three years, said the N2.43trn represents an increase of 9.66 per cent. Read more

Telcos Invest $216bn, To Add 1 Billion Subscribers

Mobile operators are making significant investments in next-generation mobile networks to meet capacity demands and expand coverage reach.

In 2014, mobile operators invested around $216 billion in capital expenditure, a nine per cent over 2013 investments just as the operators plan to add one billion subscribers in five years. Read more

 

Oil and Gas

 

Oil discoveries in Nigeria boosts Exxon Mobil reserves

Exxon Mobil has replaced  about 104 per cent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162 per cent replacement ratio for crude oil and other liquids.

According to the company’s Chairman and Chief Executive Officer, Rex Tillerson, ExxonMobil’s diverse global portfolio of attractive opportunities puts the firm in a unique position to execute  strategy to identify, evaluate and develop new energy sources and supply. Read more

NSA, Ministry, NNPC to tackle vandalism

The National Security Adviser (NSA), the Ministry of Petroleum Resources and Nigerian National Petroleum Corporation (NNPC) have initiated moves to curb pipeline vandalism and crude oil theft through digital surveillance.

The initiative will also ensure that operators deploy sensors where there are pipelines to check the menace. The mechanism will connect every centimetre of the pipeline and ensure that operators are informed of any act of vandalism on any pipeline. Read more

 

World News

 

Students Face off Against Myanmar Police Outside Yangon

Hundreds of police have formed a human chain around student protesters staging a sit-in on a road Tuesday after being blocked from marching to Myanmar’s biggest city.

The demonstrators — who have been rallying for more than a month and gaining public sympathy — want the government to scrap a newly passed education law that they say curbs academic freedom. Read more

Nepal Official Says Human Waste on Everest a Major Problem

Human waste left by climbers on Mount Everest has become a problem that is causing pollution and threatening to spread disease on the world’s highest peak, the chief of Nepal’s mountaineering association said Tuesday.

The more than 700 climbers and guides who spend nearly two months on Everest’s slopes each climbing season leave large amounts of feces and urine, and the issue has not been addressed, Ang Tshering told reporters. He said Nepal’s government needs to get the climbers to dispose of the waste properly so the mountain remains pristine. Read more

20 killed in China bus accident

Twenty people have died after a bus carrying an opera troupe fell off a cliff in central China.

The official Xinhua News Agency said another 13 people were injured in the accident in Linzhou city in Henan province. Read more

 

Power

 

10 power plants may get gas by June, says NNPC chief

The 10 power plants built under the National Integrated Power Plant (NIPP) initiative  will be connected to gas pipelines either by June or the end of the year, Group Executive Director, Gas and Power, Nigerian National Petroleum Corporation (NNPC) Dr. David Ige has said.

Speaking on the sidelines of the 12th Aret Adams Memorial Lecture in Lagos, at the weekend, Ige said the connection would enable the plants to access gas for improved electricity generation and distribution. Read more

Finland backs Nigerian power sector reform

Finland has backed the current Federal Government’s effort aimed at reforming the power sector.

The Finnish Ambassador to Nigeria, Ms. Pirjo Suomela-Chowdhury said during a meeting with the Minister of State, Power, Mohammed Wakil in Abuja that companies in Finland were interested in investing in the power sector. Read more

Contending with Electricity Tariff Hikes

Industrialists with huge employment base in Nigeria have declared their intention to shut down production, close shops and go on massive downsizing as a result of high electricity charges, which they said impact heavily on their overall production.

At a recent electricity consumers’ consultation with the Nigerian Electricity Regulatory Commission (NERC), these manufacturers noted that the recent review of the Multi Year Tariff Order (MYTO 2.1) was done in bad faith without consultation with them to factor in their energy challenges. Read more

FG sets up call center for electricity consumers

The Ministry of Power has launched a service call centre for electricity consumers across the country to call and make their complaints on the operation of the sector.

Minister of Power, Professor Chinedu Nebo who inaugurated the system in Abuja described the interactive facility as the heart beat of the people that will guarantee a more appreciable provision of the sector’s services. Read more

 

Sports

 

Bafana Friendly on the Card for Eagles

After world football governing body, (FIFA), cancelled the proposed international friendly between the Nigeria and Ghana at the weekend, officials of the Nigeria Football Federation (NFF) are in talks with the South African Football Association (SAFA) on the possibilities of the Bafana Bafana as replacement for the Black Stars. Read more

Nigerian Players in Winning Form at LCC Tourney

Nigerian players to the forthcoming ITF African Junior Tennis Championship serving off next week in Tunisia all put up impressive performances in their opening matches at the MP Tennis Championship holding at the Lagos Country Club, Ikeja.

The clay court event which is serving as the last-lap of preparations for the championship that will feature more than 30 countries saw Martins Abamu recorded a 4-0, 4-2 win over Ayomide Jebutu in his first match in the U-16, while he also bagged a 4-0, 4-0 over Kazeem Fadipe in his second of his round-robin matches in Group A. Read more

South Sudan’s Al Malakia Departs Kano Amidst Tight Security

Kano Pillars last Saturday’s CAF Champions League opponents, Al Malakia, of South Sudan departed the Mallam Aminu Kano International Airport in Kano yesterday amid tight security.

The delegation comprising of members of the diplomatic corps, top officials of South Sudan football federation, players and member of technical crew flew back home aboard an Ethiopian airliner. Read more

Siasia douses rumours on Okpala

Former Super Eagles head coach, Samson Siasia was at the Warri City Stadium last Saturday to watch Nigeria Professional Football League (NPFL) club, Warri Wolves face Burkinabe side, RC Bobo-Dioulasso in a CAF Confederation Cup game.

Siasia stated afterwards that he was impressed with the Wolves side that won 3-0 on the day and 4-0 on aggregate. Read more

NFF shops for African venue, team for March 29 tie

The Nigeria Football Federation (NFF) has revealed that it has started shopping for an Africa venue and country as substitute for the cancelled London international friendly encounter against the Black Stars of Ghana, stressing that the federation will soon inform Nigerians the next opponent to take on the Super Eagles on FIFA window.

General Secretary of the football federation, Musa Amadu, who made the disclosure in a chat with journalists in his office at the Glass House Abuja, confirmed that though FIFA turned down the initial plans of playing Ghana in London, the federation will still play the friendly on African soil against a yet to be known African country. Read more

Keshi hasn’t rejected new deal

Coach  Stephen  Keshi’s agent Emmanuel Addo has rubbished a report that his client has rejected the contract offered him by the Nigeria Football Federation (NFF).

“It’s not true. I didn’t grant any interview to anyone or any wire agency on the contract,” a very furious Addo declared.

“This is sickening, very sad and upsetting my stomach.” Read more

‘Gombe United ’ll bounce back’

Relegated Nigerian Premiership side, Gombe United Football Club, has promised its fans that it will return to the top league next season.

Team spokesman, Tanimu Umar, said the technical crew did their utmost to avoid the drop without success.

“Our mathematics was overwhelmed by football politics and we got ourselves at the wrong end of the table,” Umar said yesterday. Read more

 

Follow us @sabinewsnaija

 

We think you'd love these too...

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *