Boko Haram kills two soldiers in Baga rocket attack
Two soldiers were killed in a Boko Haram rocket attack on a military vehicle in Borno State town town of Baga, residents told French News Agency (AFP) yesterday.
Six other soldiers and a civilian vigilante were critically injured when their vehicle hit a mine planted by the Islamists just outside the town on Sunday, the sources added. Read more
SA Consulate in Nigeria closed after protests
South Africa has closed its consulate in Lagos, Nigeria, following anti-xenophobia protests in that country which have been held outside the consulate and at the South African High Commission in Abuja.
South African consul general in Nigeria, Sam Monaisa, says the closure will remain in force for two days. Read more
FG to Enact New National Peace Policy
As a fallout of the 2015 general election, a draft National Peace Policy (NPP) that focuses on social, political and economic integration of Nigeria is expected to be submitted to the Federal Executive Council (FEC) for consideration.
The draft is also expected to be ratified by the FEC before the transition to the incoming administration, and would form part of documents which will be inherited by the Muhammudu Buhari’s administration. Read more
President Signs Biosafety Bill into Law
President Goodluck Jonathan has finally signed the National Biosafety Agency Bill, which is a milestone in the domestication of modern biotechnology in Nigeria, into law.
Recall that the biosafety bill, sponsored by the National Biotechnology Development Agency (NABDA) was initially passed by the 6th National Assembly in 2011 but was not assented to by the president and it became time barred. Read more
Xenophobic attacks: Anti-South African protests spread to Enugu
Angry Nigerian youths took over the streets of Enugu yesterday and gave a 48-hour ultimatum to the government of South Africa to stop the recent killings of Nigerians in that country or face a reprisal attack on its business facilities and citizens in Nigeria.
The youths, who stormed the Enugu State capital in their numbers, carried placards with different inscriptions condemning the clamp down and killing of Nigerians in South Africa. Read more
Taraba women demand level playing ground
Coalition of Civil Society Organisations, CSO, and gender advocates in Nigeria has demanded a level playing ground for women in the ongoing electoral process, lamenting that the only female gubernatorial candidate has been threatened by the irregularities which marred elections in Taraba State.
Leader of the coalition and Executive Secretary, Women’s Rights Advancement and Protection Alternative, WRAPA, Hajiya Sa’adatu Shehu Mahdi, while briefing the press in Abuja, said investigations have shown that the elections and results of eleven out of sixteen local governments in the state does not reflect the wish of the people. Read more
Suswam challenges Gemade at elections tribunal
Governor Gabriel Suswam of Benue State and Peoples Democratic Party (PDP) senatorial candidate has challenged the victory of Senator Barnabas Gemade of All Progressives Candidate (APC) in the just concluded general elections at the state elections petition tribunal sitting in Makurdi, the state capital.
Filing the petition through his counsel, Mr. Andrew Wombo, Suswam said he was challenging the outcome of the election on the grounds that the Independent National Electoral Commission (INEC) failed to abide by the provisions of the electoral guidelines in the conduct of the election. Read more
APC Alerts on Fake Consultants for Appointments
The All Progressives Congress (APC) has cautioned Nigerians over some ‘419’ text messages making the rounds and asking those seeking federal appointments in the incoming Buhari administration to contact certain consultants via telephone and email, saying no consultants have been HIRED to screen anyone for federal posts.
In a statement issued in Abuja on Tuesday by its National Publicity Secretary, Alhaji Lai Mohammed, the party therefore urged Nigerians to ignore such text messages, as they were definitely originated and circulated by fraudulent persons. Read more
Jega: INEC helpless on Rivers election results
Independent National Electoral Commission (INEC) chairman Attahiru Jega yesterday explained why the agency could not cancel some election results.
Foreign and local election observers, including civil society organisations (CSOs), have queried the results of the Governorship and House of Assembly elections in Abia, Akwa-Ibom and Rivers states. Read more
FCMB Boosts MSMEs with N122m
The First City Monument Bank Ltd said it had disbursed N122 million under the Central Bank of Nigeria’s N220 billion Micro, Small and Medium Scale Enterprises (MSMEs) Fund.
Listing some of the beneficiaries as Health Products and Farms Ltd, Midows Ltd (both based in Lagos), Everlasting Hands Ltd, Kaduna State and God’s Will Technical Services Ltd, Ogun State, the bank said the amount disbursed is expected to grow in the coming months. Read more
369, 485 jobs created in fourth quarter 2014 – NBS
The National Bureau of Statistics (NBS) said 369,485 jobs were created in the Nigerian economy in the fourth quarter of 2014. In its Job Creation Survey Report released on Tuesday, the NBS said the formal sector created 138,026 new jobs, informal sector 227,072 jobs while the public sector created 4,387 jobs.
“In quarter four of 2014, a total of 369,485 jobs were created across all sectors of the Nigerian economy. Of these, 138,026 or 37.4 percent were recorded in the formal sector, 4,387 or 1.2 percent in the public sector and 227,072 or 61.5 percent in the informal sector,” it said. Read more
Buhari backs Adesina for AfDB presidency
The President-elect, Muhammadu Buhari, on Tuesday urged the Economic Community of West African States to support the candidacy of Nigeria’s Dr. Akinwunmi Adesina, as the next president of the African Development Bank.
Buhari also promised to strengthen the working relationship between the executive and other arms of government to give Nigerians the best as he assumes office on May 29. Read more
Cooperatives reject proposed supervision by Labour Ministry
The National Cooperative Financing Agency of Nigeria (CFAN) and the National Cooperative Insurance Society of Nigeria (NCIS) have kicked against the recent plan by the Federal Government to move cooperative functions to the Federal Ministry of Labour & Productivity from the Federal Ministry of Agriculture and Rural Development.
Alternatively, the alliance advocated for the “upgrading of the Federal Department of Cooperatives to either a full-fledged Ministry as it is in Kenya, or a Commission like the Corporate Affairs Commission with good budgetary allocation to enable it deliver on its mandate, especially in relation to government’s developmental efforts targeted towards the use of the co-operative enterprise for service delivery at the grassroots. Read more
Profit taking drags NSE index down 0.61%
Profit taking continued on the floor of The Nigerian Stock Exchange (NSE) on Tuesday as trading closed negative when two of the basis indicators, the All Share Index and market capitalisation went down by 0.61 percent each.
The All Share Index shed 213.76 basis points or 0.61 percent to close at 34,507.85 as against 34,721.61 points recorded on Monday, while market capitalization went down by N72.841 billion to close at N11.758 trillion as against N11.831 trillion recorded the previous day. Read more
Lagos Ports vessel berths decline 8% in first quarter
Strong indications emerged that the declining import volumes occasioned by the political and economic uncertainties in the country is currently taking its toll on most Key Performance Indicators KPI, of the seaports, as vessel calls at the Lagos Ports Complex LPC, Apapa record a 7.5 decline in the number of vessels that called at the ports.
The LPC covers the APM Terminals Apapa Limited, ENL Consortium, Apapa Bulk Terminals Limited, Green View Development Limited, Eko Support Services Limited and Lagos Deep Offshore Logistic Base LADOL, among several other off-dock terminals and Inland Container Depots. Read more
Dangote sponsors Kaduna Trade Fair
The Kaduna State Chamber of Commerce Industry, Mines and Agriculture (KADCCIMA) has described Dangote Group’s sponsorship of the upcoming 36th Kaduna International Trade Fair (KITF) as yet another huge contribution to the Nigerian economy by a business entity.
The fair is coming as the Dangote conglomerate scaled up its business frontiers which also tallies with the fair’s theme of: “Promoting Domestic Production for National Sustainable Economic Development.” Read more
Nigeria to save $50bn on domestic products certification
Nigeria is to save a whopping $50 billion annually in foreign exchange spent to get requisite offshore certification that allows its exported non-oil sector goods to be sold at international markets.
Minster of Trade and Investment, Dr. Olusegun Aganga, who spoke at the commissioning of the Standards Organisation of Nigeria’s (SON)’s Food Technology Laboratory yesterday, said the $50 billion will be saved as the new laboratory has the capability to now certify Nigerian goods to be accepted at the international market. Read more
Oil and Gas
LPG prices rise due to scarcity
LPG marketers, including NIPCO, Total, Forte Oil, Nigerian National Petroleum Corporation (NNPC), among others have increased the price of Liquefied Petroleum Gas (LPG) also known as cooking gas because of its scarcity and are also rationing its supply in some places, The Nation reports.
The price of a 12.5 kg cylinder of cooking gas has increased from N2,800 to N3,200 depending on the area. Furthermore, many refilling outlets do not even have the product for sale. Read more
Nigeria losing $55bn investments over low gas price
President of the Nigerian Gas Association, NGA, and Managing Director, Oando Gas & Power Limited, Mr. Bolaji Osunsanya, yesterday, called on the Federal Government to increase the prices of gas, stating that the country is losing an estimated $55 billion, about N11 trillion worth of investment due to its refusal to hike gas prices.
Speaking in an interview with Bloomberg Television, Osunsanya said Nigeria has to raise its gas prices to attract an estimated $55 billion of investment needed to plug persistent local shortages. Read more
Shell Blames Kolo Creek Oil Spill on Sabotage
Shell Petroleum Development Company (SPDC) has blamed the recent oil spill at the Kolo Creek Manifold in Bayelsa State on sabotage by unknown persons.
A spokesman of SPDC, Mr. Bamidele Olugbenga Odugbesan, said in a statement on Tuesday that the report of the Joint Investigation Visit (JIV) on the oil spill which occurred on April 15, 2015 had attributed the incident to sabotage of the facility, which belongs to SPDC, the operator of SPDC Joint Venture. Read more
Another fire outbreak hits Bayelsa oil trunk line
Another leak/fire was reported on April 20 on the Kolo Creek–Rumuekpe trunk line in Bayelsa State, where an excavated ditch was discovered at the fire point, about 5kms from the manifold operated by Shell Petroleum Development Company, SPDC.
Meanwhile, the Joint Investigation Visit, JIV, at the Kolo Creek Manifold spill in Bayelsa State, which occurred on April 15, 2015, has attributed the leak to sabotage. Read more
Thailand confident it can clean up act following EU fish ban threat
Thailand’s agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act.
Thailand, the world’s third-largest seafood exporter, was issued a “yellow card” and risks an embargo on its fish exports in October unless it cracks down on illegal fishing. Read more
Girl, aged 13, charged with drink-driving in Western Australia
A 13-year-old girl in Bunbury, Western Australia, has been charged with drink-driving after she was allegedly pulled over at the wheel of a stolen ute on a suburban street on Tuesday night.
Ros Weatherall, a spokeswoman for WA police, said Bunbury police stopped the ute because it was driving without headlights on Westwood Street, in the suburb of Withers, at about 8pm. Read more
South Korea to raise disaster ferry which killed 300
South Korea is to raise the ferry which sank a year ago killing more than 300 people onboard.
It is one the demands made by bereaved families, nine of whom have yet to be reunited with the bodies of their loved ones. Read more
China’s choking air pollution goes west – Greenpeace
China’s choking air pollution is moving to the country’s west, environmental group Greenpeace said, though air quality may have modestly improved in eastern cities such as Beijing in recent months.
Provinces in central and western China, including Henan, Hubei, Hunan and Sichuan, are now among those with the worst PM2.5 levels in the country, a measure referring to particles smaller than 2.5 micrometres in diameter that are hazardous to health, Greenpeace said on Tuesday. Read more
Power Generation: Slack Regulation of Gas Supply to Plants Worries NERC
The Nigerian Electricity Regulatory Commission (NERC) has said its lack of control of gas supplies to power plants in Nigeria’s electricity industry means that it is unable to project and guarantee accurately the country’s generation capacity year-on-year.
NERC stated that in as much as it is unable to exert some level of control over gas supply to power plants, it will be difficult for it to drive electricity generation up to the level it has set in its Multi Year Tariff Order (MYTO), but that there could be some improvement with the Transitional Electricity Market (TEM). Read more
Power: LASG generates 47.5Mw in six years
The Lagos State government said it has generated 47.5 megawatts (Mw) of electricity through five Independent Power Plants (IPP) in the last six years.
The state Commissioner for Energy and Mineral Resources, Mr Taofiq Tijani, who spoke during a briefing in Alausa, Ikeja, yesterday, said the first IPP tagged: Akute Power Plant, with total capacity of 12.16Mw, was built and inaugurated in 2010, while the Island Power Project with 10Mw capacity was inaugurated in 2011. Read more
NERC may approve new tariff for TCN
THE Nigerian Electricity Regulatory Commission (NERC) may approve a cost-reflective tariff for the Transmission Company of Nigeria (TCN).
Its Chairman, Dr. Sam Amadi, who broke the news said as soon as the government reforms the corporate governance of the TCN, it would have cured its lack of investable fund and guaranteed sustainable expansion of transmission services in the country. Read more
Elegbeleye Sacked, Pinnick’s Fate Unknown
News emerged yesterday that the president of the Nigeria Football Federation, Pinnick Amaju and the director-general of the National Sports Commission (NSC), Gbenga Elgbeleye, may have been swept away by the Goodluck Jonathan-led government.
The rumours were heightened by the absence of Amaju during the contract-signing ceremony with Eagles’ coach, Stephen Keshi, in Abuja, yesterday. Read more
Sunshine Duo Banned Over Goal Celebration
Two players of Sunshine Satrs of Akure, Ebenezer Odunlami and Prince Aggrey, have been suspended and fined for their bizarre goal celebration in last Sunday’s Nigeria Premier League game
The League Management Company (LMC) handed them a one-match ban and fined them N50,000 each for their weird goal celebration against Dolphins in the game. Read more
At last, Keshi seals new Eagles deal
Stephen Keshi on Tuesday in Abuja finally sealed a new two-year deal as Super Eagles coach after a long battle with the Nigeria Football Federation that spanned several months, over a contractual renewal.
The former Nigeria captain, who is in his third spell with the national team, was first named coach of the Eagles in 2011 but his contract with the team ended after their second round elimination from the 2014 World Cup in Brazil. Read more
NFF to Announce Keshi’s Assistants Soon
The Nigeria Football Federation have said they will announce the assistant coaches of the Super Eagles soon.
The NFF on Tuesday put to an end the long-drawn contract talks of coach Stephen Keshi after the former Eagles captain put pen to paper on a two-year contract, which will pay him five million Naira salary monthly. Read more
Nigeria May Miss ITTF World Championships in China
Uncertainty now hangs over Nigeria’s participation at the ITTF World Championships slated to begin weekend in China due to lack of funds.
Just last week, Nigeria failed to take part in the ITTF African Junior Championship following the inability of the Nigeria Table Tennis Federation (NTTF) to secure funds from the National Sports Commission (NSC) to send a team to the competition. Read more
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