Sabinews Morning News Update for November 30, 2015
Boko Haram kills soldier, 6 others in fresh Borno attacks
About seven persons including a soldier, were killed in both Bam and Gajigana villages of Biu and Magumeri Local Government Areas of Borno State.
In the two attacks, while unspecified numbers of teenage girls were abducted in Bam Village, scores of people were injured in Gajigana village after insurgents set ablaze shops and houses without confrontation. Read more
Ekiti female senators floor APC at Appeal Court
Two female Senators representing Ekiti South and Ekiti Central respectively, Mrs. Abiodun Olujimi and Mrs. Fatimat Rasaki have floored challengers from the All Progressives Congress (APC) to retain their seats. The Court of Appeal in Ado Ekiti confirmed their elections, last Thursday.
Chief Anthony Adeniyi of the APC challenged the victory of Mrs. Olujimi, who ran on the platform of the Peoples Democratic Party (PDP) at the March 28 poll. Read more
Synagogue: Lagos arraigns TB Joshua, others today
The trustees of Synagogue Church of All Nations, SCOAN, will today be arraigned before a Lagos State High Court in Ikeja over the collapse of a six-storey building in the church on September 12, 2014, which led to the death of 116 persons.
Senior Pastor of the church, Prophet T. B. Joshua is one of the trustees. Read more
Ndokwa youths flay brutalisation of newsmen
The youth wing of Ndokwa Neku Union, NNU, has described as barbaric and devilish, Thursday’s brutalization of some journalists by youths of Okpai and Beneku communities in Ndokwa-East Local Government Area, Delta State.
NNU youth wing, in a statement by its Secretary General, Presley Idi, condemned the attack and called on the Deputy Speaker of Delta State House of Assembly, Friday Osanebi and the Chairman of the council, Mrs. Nkechi Chukura, to wade into the matter. Read more
N7bn Kano hospital ready in 2016 —Dangote
Chief Executive of the Dangote Foundation, Ms Halima Dangote, has said that the ongoing construction of a multi-billion naira state-of-the-art Operating Theatre and Diagnostic Centre at the Murtala Muhammad Specialist Hospital, Kano will be completed next year.
Ms Dangote, who disclosed this when her team visited the Kano State Governor, Dr. Abdullahi Umar Ganduje, weekend, said the Operating Theatre and Diagnostic Centre will cost the Foundation N7 billion. Read more
Missing cash: Defence Hqtrs detains Generals, recalls others
In a bid to recover stolen defence cash running into trillions of Naira, the Defence Headquarters might have started recalling no fewer than 20 Generals said to have been involved in the purchase of arms and ammunition for the country.
Competent military sources told Vanguard last night that the suspected top military officers were being detained at a military facility in Abuja and would soon be made to face the music for their roles in fleecing the nation. Read more
Nigerians lament flurry of unsolicited sms from telcos
Have you been waiting for an important business or urgent family call and you are rudely jarred out of your skin by GSM operators’unsolicited messages?
If so, you are among millions of subscribers who are daily bombarded with such SMS which, sometimes, are forced down the throat of the people whether you like or not. Read more
PMB Arrives France For Climate Change Conference
President Muhammadu Buhari arrived Paris, France, yesterday evening to join about 150 other world leaders for the Conference of Parties 21 (COP21).
The meeting is aimed getting nations to agree on how to deal with the issue of climate change. Read more
Amnesty Office Says Its Not Being Starved of Funds
The Office of the Special Adviser to the President on Niger Delta and Coordinator of the Presidential Amnesty Programme (PAP) has stated that they are not in anyway starved of funds and that delay in payment of stipends to the ex-militants was as a result of administrative hitches.
The Media and Communication Consultant, PAP, Mr. Owei Lakemfa, in a statement yesterday, said there was no iota of truth in the claim that some students abroad have had to return to the country due to lack of resources to meet their financial obligations. Read more
Police AIG Dies in Yola
The Assistant Inspector General of the Nigeria Police Force in charge of Zone 3 Yola, Adamawa State, Alhaji Muhammad Abubakar Jinjiri, is dead.
Reports on his death indicated that the late AIG was hypertensive and fell ill in the wee hours of Saturday at his official residence in Yola. Read more
PDP’s Metuh Celebrates Birthday at IDP Camp
In a rare show of love for humanity, the National Publicity Secretary of the Peoples Democratic Party (PDP), Chief Olisa Metuh, weekend wined and dined with hundreds of internally displaced persons camped at the Wassa suburb town of the Federal Capital Territory in Abuja.
Metuh accompanied by his wife, members of his family and friends, made their way to the remote village called Wassa where he celebrated his birthday, cutting the cake and sharing meal with the displaced persons, mostly women and children. Read more
AfDB urges fiscal responsibility among African countries
From African Development Bank (AfDB) came a timely reminder to Nigeria and other economies in the continent on the need to remain fiscally responsible amid increasing debt obligations.
Besides, AFDB stressed the need for on the economies to repay dollar-denominated debts raised in recent years, as weak currencies push up servicing costs as oil and commodity revenues tumble. Read more
SEC unveils N5b investor-protection fund
The Securities and Exchange Commission has set aside N5 billion National Investors Protection Fund (NIPF) to compensate investors for pecuniary losses arising from the insolvency, bankruptcy or negligence of non-broker/dealer capital market operators.
Already, the commission has provided the take-off grant for the initial operation of the fund. Read more
Rates Cut Fails to Lift NSE as Index Declines By 1.8%
The decision by the Central Bank of Nigeria (CBN) to cut the Monetary Policy Rate (MPR) from 13 per cent to 11 per cent failed to lift the Nigerian equities market last week as the market closed in the red taking the while Year-to-Date (YTD) decline to 20.31 per cent.
The CBN ended its Monetary Policy Committee (MPC) meeting in Abuja last week with a resolution to reduce MPR, which is the benchmark lending rate, from 13 per cent to 11 per cent. The CBN Governor, Mr. Godwin Emefiele, who announced the resolution of the Committee at the end of its meeting, also said members agreed to cut down on Cash Reserve Ratio for public and private sectors from 25 to 20 per cent. Read more
Danbatta Pledges to Eliminate Multiple Regulations, Taxes
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has promised subscribers and telecoms operators that the era of multiple regulations and taxes from government agencies across states, would soon be over.
The assurance was hinged on the successes recorded from the Nigerian Governors Forum (NGF), where the issue of multiple regulations and taxes on telecommunication operations in the country, were discussed extensively. Read more
ATC plans $100m investments in Nigeria’s telecoms industry
After talks with the Nigerian Communications Commission (NCC) on how to improve quality of service in the telecommunications industry, ATC Wireless Infrastructure Company of Nigeria (ATC Nigeria) an infrastructure management company, has revealed plans to inject about $100 million in the country, especially in co-location services in the next two years.
ATC Nigeria Chief Executive, Gordon Porter, who said this during his team’s familiarization visit to NCC’s management, disclosed that the firm has so far invested about $11 million has been invested by the company on tower management with a view to improving quality of service in the country. Read more
Oil and Gas
Scarcity: Port Harcourt refinery begins operation
Following the completion of repair works on its crude distillation unit where one of its columns collapsed in October, the Port Harcourt Refining Company (PHRC) Limited, will this week come on stream, Daily Sun has learnt.
But the inability of the plant to refine its 210,000 barrels of crude oil per day(bpd) production capacity over the last one month has further compounded the fuel scarcity woes across the country due to the suspension of petroleum products importation by marketers over the inability of the Federal Government to settle subsidy claims. Read more
Fashola, NERC meet with DISCOs on tariff
Minister of Power, Works and Housing, Mr. Babatunde Fashola, is meeting with the management of distribution companies, DISCOs, today with a view to acquainting himself with them and also intimate them about his expectations from them on the way forward.
The meeting, which will hold in the minister’s office this afternoon comes ahead of a scheduled meeting between the power industry regulator, Nigerian Electricity Regulatory Commission, NERC and the DISCOs, to discuss the contentious issue of tariff. Read more
Dangote To Build 500MW Power Plant
Dangote Plc said, it has concluded preliminary arrangements to build a 500 mega watt (MW) of electricity into the national grid for the people of Kano.
In a statement over the weekend, the group executive director, Stakeholders Management and Corporate Communications, Engineer Mansur Ahmed made this disclosure at the Kano 36th International Trade Fair. Read more
Transcorp Ughelli Power Becomes Transcorp Power
Transnational Corporation of Nigeria Plc (Transcorp) yesterday announced the successful merger of its two power subsidiaries Transcorp Ughelli Power Limited and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Limited.
The merger, according to the Chief Executive Officer of the new company, Adeoe Fadeyibi, was designed to harmonise the management and operations of Transcorp’s power business for greater efficiency. Greater operational efficiency will undoubtedly lead to higher output in terms of power generation and increased shareholder value. Ughelli Power Plant, the company’s power generating asset, is the nation’s largest fossil-fuel generating plant. Read more
Senegal 2015: Nigeria survives Mali scare, wins 3-2
Coach Samsom Siasia’s Dream Team VI survived a second half scare from the Junior Eagles of Mali to win 3-2 in her opening Group B encounter in M’ bour last night.
A very confident Nigerian side in the first half with a 3-0 advantage looked lost in the second half as the Malians ran rings around the Dream Team goal area which resulted in Mali scoring two goals in the second half and threatened severally up till the stoppage time. Read more
FIFA hails Enyimba on seventh league title
Acting FIFA president Issa Hayatou has congratulated Enyimba FC for winning the 2014/2015 Nigeria Professional Football League(NPFL) title.
The message was contained in a letter from the world football governing body to the Nigeria Football Federation (NFF) and signed by Hayatou. Read more
Expectations run high as Zimbabwe gears up to welcome Chinese president
With Chinese and Zimbabwean national flags fluttering along the newly revamped airport road and leading newspapers devoting substantial space to China-Zimbabwe relations, the African nation is in a jubilant mood to receive a distinguished guest from the Asian country.
Chinese President Xi Jinping travels to Harare on Tuesday for his first state visit to Zimbabwe, which last hosted a Chinese head of state in 1996. The trip is endowed with an extra layer of significance as this year marks the 35th anniversary of bilateral diplomatic relations. Read more
No death, damage from city floods
Nairobi’s mitigation measures have prevented flooding, destruction or deaths from El Niño rains, two county officials have said.
In May, more than 10 people died and property of unknown value was destroyed by floods following heavy rains that pounded the city. Read more
Parastatals in hydropower row
Water CS Eugene Wamalwa has failed to resolve a row between two state parastatals over implementation of the Sh20 billion Arror hydroelectric project in Elgeyo Marakwet county.
The dispute is between the Kerio Valley Development Authority and the Lake Victoria North Water Services Board. Read more
Harry to honour legacy of Nelson Mandela on visit to South Africa
Prince Harry begins a four-day tour of South Africa that will see him honour the memory of Nelson Mandela and meet retired Archbishop Desmond Tutu.
Harry knows the country well from private and official visits and has personally been involved in shaping the programme that will also feature him learning about organisations helping vulnerable children. Read more
Taiwan, China swap jailed spies after leaders’ historic meet
Taiwan has swapped jailed spies with political foe China in an unprecedented goodwill gesture following this month’s historic meeting between the leaders of the two sides, the island’s government said on Monday.
China released Colonel Zhu Gongxun and Colonel Xu Changguo of Taiwan’s Military Intelligence after they had been held for more than nine years, while Taiwan gave advance parole to Chinese spy Li Zhihao, according to a statement from the office of Taiwan’s president. Read more
Drought drives hungry hippos into Colombian town
Biologists in Colombia say a drought has forced two hippopotamuses into a town in search of food.
The animals are descendants of a group imported in the 1980s by the notorious drug baron Pablo Escobar for his private zoo near the town of Puerto Triunfo in Antioquia province. Read more