Sabinews Midday News Update for July 29, 2015
Boko Haram kills 10 fishermen near Lake Chad
Boko Haram Islamists slit the throats of 10 fishermen in villages near Baga, on the shores of the Lake Chad in northeastern Nigeria, a leading fisherman and a resident said Thursday.
“On Monday around 4 pm (1500 GMT), Boko Haram attacked three villages on the shores of Lake Chad where they slaughtered 10 people, all of them fishermen,” Abubakar Gamandi, head of the fishermen’s union in Borno State, told AFP. Read more
120 Stranded N’ Delta Youths In Trinadad, Tobago Return
About 120 abandoned youths under the Delta State Youth Empowerment Programme (YEP) programmes, who were airlifted from the shores of Nigeria for vocational training on the islands of Trinidad and Tobago in the West Indies late last year, can now heave a sigh of relief as the Delta State government has vowed to bring them back to Nigeria.
The State government has programmes such as “Students Special Assistance Scheme (Bursary), Overseas Postgraduate Scholarship Scheme, Financial Assistance to students in the Nigerian Law Schools, Aviation Scholarship Scheme, Scholarship for Children of deceased Civil Servants and physically Challenged Students, and local scholarship scheme (under-graduates, masters and Ph.D) to “cushion the financial hardship our students undergo while in pursuit of their academic ambition.” Read more
Angola, Sudan displace Nigeria in oil market
A number of African countries, including Angola and South Sudan, are fast becoming preferred exporters of crude oil to Asian countries, especially China. Before now, Nigeria was a dominant exporter of oil to this market.
Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa, and the country’s imports from Africa are expected to jump to 6.51 million tonnes (47.5 million barrels) in July, up about 41 per cent from June, according to data recently compiled by Thomson Reuters Oil Research and Forecasts. Read more
Airtel Nigeria Emerges Telecoms Company of the Year
The award was conferred on the Telco over the weekend at the 6th African Business Leadership Forum & Awards 2015, which held at the Hilton London Metropole, United Kingdom.
Airtel was also honoured with a Special Commendation Award from the US Georgia Legislative Black Caucus at the event. Read more
SEC to conclude dematerialisation process in December
The Securities and Exchange Commission (SEC) has unfolded plans to conclude processes associated with dematerialisation in the nation’s capital market by December 2015.
Besides, the commission has closed down three of its zonal offices located at Onitsha, Ibadan and Kaduna in order to strengthen and fortify the other offices. Read more
Nigeria’s 7up Bottling says Q1 pretax profit falls
Nigeria’s 7up Bottling company reported a 9.6 percent drop in first quarter pretax profit to 2.44 billion naira ($12 million) versus the same period a year earlier.
Gross earnings for the period from April to June however rose to 23.14 billion naira against 21.03 billion naira in the previous year, the company said in a statement, adding that cost of sales rose to 15.39 billion naira from 13.40 billion naira. Source
No nation can beat terror in isolation, says Buhari
President Muhammadu Buhari on Wednesday night said that Nigeria and neighbouring countries must stand together to defeat the terrorists group, Boko Haram in the sub-region.
He made the remark at a state dinner in Yaounde, during his two-day working visit to Cameroon. Read more
MX Oil’s Frangos explains Nigeria move
Andrew Frangos, the non-executive chairman of MX Oil (LON:MXO), explains the company’s decision to invest in an offshore Nigerian oil project.
Traditionally focused on Mexico, MX has acquired an indirect 5% revenue interest in the OML 113 licence in Nigeria a prospect that includes the Aje Field. Read more
FCTA impounds 20,373 motorcycles
In order to ensure sanity within the Federal Capital Territory (FCT), particularly within the city centre, the authorities have impounded 20, 373 motorcycles, otherwise known as ‘okada’ for violating restriction orders.
The FCT Administration also used its new computerised Vehicle Inspection Scheme to check the roadworthiness of 11,000 vehicles from September 2014 to date. Read more
Cameroon deploys 2,000 extra troops to confront Boko Haram
Cameroon is set to send about 2,000 military reinforcements to its remote northern region to halt the ongoing deadly cross-border raids by the Nigeria-based Boko Haram Takfiri terrorist group.
According to a report on Cameroon Radio-Television, the troops will be deployed to the province of Far North, also known as the Extreme North Region, which borders northeastern Nigeria – a region convulsed by militancy. Read more
Full veil banned in Niger over Boko Haram fears
Authorities in Niger have banned the full Islamic veil following suicide attacks in countries in the region by women wearing the religious garment.
“Women in the region are forbidden from wearing the full veil until further notice, in order to prevent suicide attacks by Boko Haram,” Diffa mayor Hankouraou Biri-Kassoum told Agence France-Presse. Read more
Nigeria appoints new head of multinational force on Boko Haram: army
Nigeria has named a general to lead the new multinational task force to fight Boko Haram insurgents, the military said on Thursday.
Major-General Iliya Abbah, who previously commanded military operations in the oil-rich Niger Delta, will head the new force, Nigerian military spokesman Major-General Chris Olukolade said. Read more
Egypt court delays verdict on Al-Jazeera journalists
A court in Egypt has delayed the announcement of the verdict, scheduled to be announced today, in the retrial of three Al-Jazeera journalists previously jailed for allegedly aiding the banned Muslim Brotherhood.
Canadian-Egyptian Mohamed Fahmy, Egyptian Baher Mohamed and Australian Peter Greste were sentenced to ten years in prison in June 2014. Read more
Kenya Airways blames tourism slump for record losses
One of Africa’s largest airlines Kenya Airways has announced its biggest ever annual loss.
It has partly blamed the $290m (£188m) shortfall on a decline in Kenya’s tourism sector. Read more
Some 1,400 Tunisian products exempt from taxes on the American market
The United States exempted 1,400 Tunisian products from taxes, Trade Minister Ridha Lahoual said.
Taking the floor during the meeting of Tunisian diplomatic representation abroad held, Wednesday, with attendance of 100 Tunisian diplomats, he said that Tunisian exports contribute to 23% of the country’s GDP and Tunisia has 6,600 exporters and 3 thousand products are exported to 159 destinations. Read more
Trial of Ukrainian pilot accused over journalists’ deaths begins in Russia
The high-profile trial of a Ukrainian pilot detained for more than a year has opened in Russia.
Helicopter navigator Nadiya Savchenko, 34, faces up to 25 years in prison for her alleged involvement in the killing of two Russian journalists in eastern Ukraine last year. Read more
Climate pressures lead to rise in ‘new-age orphans’ in India’s delta
Eleven-year old Srijita Bhangi sits in the waiting room of the jetty boat that connects her island home in Khulna to the mainland Sundarbans, near India’s border with Bangladesh.
After spending a few days with her elderly grandparents – an effort to lift her most recent spell of depression – she is travelling back to the school hostel where she has lived since her parents left two years ago to find work in a garment factory 1,000 kilometres (620 miles) away, in Tamil Nadu. Read more
Rio 2016 athletes will have to ‘swim through human excrement’
Athletes will be forced to swim and boat through human excrement and run the risk of falling ill with serious diseases at next year’s Olympics in Rio, an investigation has found.
A probe of the Brazilian city’s Olympic and Paralympic sites by the Associated Press (AP) revealed water containing dangerously high levels of viruses and bacteria from human sewage. Read more
Syrian Kurds refine oil for themselves for first time
Smoke rises as crude oil is heated in Rmeilan oil field of Syria’s Hasakeh province, where the Kurds, having fought off jihadists, are extracting and refining oil for the first time.
Located in the middle of the desert in the northeastern province of the war-torn country, Rmeilan is Syria’s largest oil field in terms of surface area. Read more
India says Punjab attackers came from Pakistan, but talks on for now
Gunmen who stormed a police station and killed seven people in India’s Punjab came from Pakistan, the Indian government said on Thursday, but it gave no indication that a plan for bilateral high level security talks have been jeopardized by the attack.
Citing a preminary analysis of data from GPS tracking devices carried by the gunmen, Home Minister Rajnath Singh told parliament the three men crossed over via a river that criss-crosses between Pakistan and India. Read more
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