Sabinews Morning News Update for July 24, 2015
Boko Haram Plotting To Bomb VIPs’ Houses – Osinbajo
Vice President Yemi Osinbajo yesterday alleged that Boko Haram had hatched a plot to use refuse collectors to bomb houses of very important personalities (VIPs) in the North-East
Osinbajo, who is chairman of the National Economic Council (NEC), raised the alarm while presiding over the second NEC of the current administration at the presidential villa, Abuja. Read more
FG Bans Degree Programmes in Maryam Abacha University
The federal government thursday warned Nigerians, particularly parents and students, to desist from patronising the Maryam Abacha American University of Niger and other ‘fictitious’ tertiary institutions outside the country.
The university located in Niger Republic is said to be owned by former first lady, Alhaja Maryam Abacha, and the family of the late military ruler, General Sani Abacha. Read more
FG Inaugurates Kano-P’Harcourt Intercity Mixed Train Service
The Nigerian Railway Corporation (NRC) thursday in Kano, inaugurated the Kano- Port-Harcourt Inter-City Mixed Train Service for easy transportation of goods from the northern part of the country to the eastern part.
Speaking at the ceremony held at the NRC in Kano, the Managing Director, Mr. Adesuyi Sijuwade, said for over a decade, train movement from Kano through Kafanchan to Port Harcourt had ceased. Read more
Delta Police Kill 2 Robbery Suspects, Arrest 6 Others
Police detectives in Kwale Ndokwa West Local Government Area of Delta State on Thursday killed two robbery suspects and arrested six others in the area.
It was reliably gathered that one of the dead suspects, identified as Chukwudi Opobo (alias Oko-man), 26 years old, had been in the Police wanted list for allegedly terrorising Kwale community and its environs, before he met his waterloo. Read more
NHRC to Train Police on Human Rights
The National Human Rights Commission (NHRC) has expressed its preparedness to retrain officers and men of the Nigeria Police on issues of human rights.
The South-south Zonal Coordinator of the commission, Mrs. Lilly Dokubo, stated the position of the NHRC thursday in Port Harcourt when she paid a courtesy call on the Rivers State Commissioner of Police, Mr. Chris Ezike. Read more
We Didn’t Collect Bailout From FG – Govs’ Forum
Governors of the 36 states under the aegis of Nigerian Governors Forum (NGF) have formally clarified that it did not received any bail out money from the federal government.
The governor’s however stressed that they would continue to demand for their legitimate earnings from the federation account. Read more
EFCC Arraigns 10 For Oil Bunkering
The Economic and Financial Crimes Commission, EFCC, has arraigned 10 persons and a vessel, MV Peace for their alleged involvement in illegal oil bunkering before Justice Muhammad B. Idris of the Federal High Court, Lagos on a three count charge bordering on conspiracy and illegal dealing in petroleum products.
According to a statement signed by the EFCC spokesperson, Wilson Uwujaren, MV Peace and its crew members – James Abatan, Wasiu Abdul Owonikoko, Patrick Ameh, Johnson Ademola, Felix Otto, Chigozie Oguike, Olu Salisu, Jomo Gadagbe, Kunle Oba Saheed and Rasheed Adio were intercepted about five nautical miles off Lagos Fairway Buoy by the Nigerian Navy Ship, Ikot-Abasi on the 4th of April, 2015 on suspicion of illegal dealing in petroleum products. Read more
NBA chief condemns looting in oil, gas sector
The Chairman, Nigeria Bar Association (NBA), Ikorodu Branch, Adetunji Adedotun, has condemned the looting in the oil and gas sector by the country’s past leaders.
Adedotun, who spoke on the revelation that about one million barrels a day were stolen by former oil ministers, told The Nation yesterday that the perpetrators of the theft should not be spared. Read more
Security agents bar Jonathan’s wife from airport’s VIP lounge
Wife of ex-President Goodluck Jonathan, Dame Patience, yesterday expressed shock and sadness at the refusal by some security agents to allow her access to the VIP Lounge at the Port Harcourt International Airport on the purported directive from Abuja.
Mrs. Jonathan, who said she received the same treatment twice at the airport in the last seven days, vowed to formally protest the conduct of the security personnel to the relevant authorities. Read more
MPC may retain key rates – Report
The Central Bank of Nigeria will probably keep rates at a record high even as inflation rises above its target band as it awaits guidance from President Muhammadu Buhari in its first policy meeting since he took office, Bloomberg has reported.
Almost two months after Buhari came to power, investors and the central bank are still waiting for him to form a cabinet and oversee economic policy. Read more
Analysts Predict Rates Retention By CBN Today
As the Central Bank of Nigeria (CBN) concludes its 245th Monetary Policy Committee (MPC) meeting today, analysts expect that the apex bank would leave the rates unchanged, especially with the nation’s foreign reserves rising gradually and steadily, while the inter-bank rates remain stable.
Analysts also believe that the CBN favours the use of administrative measures to counter perceived speculators and rebuild reserves, an example of which was its July 16 circular, stipulating that all transactions at bureaux de change must show the customer’s Bank Verification Number (BVN). Read more
Tight liquidity may force MPC to review CRR today
The Central Bank of Nigeria (CBN) led Monetary Policy Committee (MPC) may at the conclusion of today’s meeting, review its Cash Reserve Ratio (CRR) policy on both private and public sector deposits, Chief Economist at Standard Chartered Bank, Razia Khan, has said.
The CRR is a portion of banks’ deposits kept with the CBN to control banking sector liquidity. It has been harmonised at 31 per cent for both private and public sector deposits. Read more
Oil and Gas
Oil Prices Rise Amidst Glut In Global Market
The prices of oil may likely be on its way up after a slight drop recently.
A report by Dow Jones newswires said oil prices rose on Thursday on the weaker dollar but remained under pressure as the global glut of oil shows little sign of abating. Read more
$150b Oil Theft: Workers’ Complicity Not Ruled Out – Saraki
Senate President, Bukola Saraki on Thursday, indicted Nigerian workers, saying most of them were accomplices in the mind-boggling corruption in the petroleum industry.
President Mohammadu Buhari had, in his recent visit to the United States, alleged that over $150billion in oil revenue was stolen by public office holders over the last decade. Read more
PPMC yet to assess Arepo pipeline explosion line
The Manager, Corporate Affairs, Pipelines and Products Marketing Company (PPMC), Nasir Imodagbe says officials of the company are yet to reach the scene of the pipeline explosion in Arepo, Ogun state.
Imodagbe disclosed this in a telephone interview with NAN on Wednesday in Lagos. “We are trying to gain access to the area but the fire is going down. Read more
Exploit gas reserves to diversify economy, stakeholders tell govt
Stakeholders have raised alarm over the non-utilisation of the 188 Trillion Cubic Feet (TCF) of Nigeria’s gas reserves, with a large portion of it regarded ‘stranded’.
Stranded gas is essentially commodity is wasted or unused. Estimates of remote or stranded gas reserves range from 40 to 60 per cent of the world’s proven gas reserves. Read more
PENGASSAN laments FG’s inability to fund NNPC Joint Ventures
PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called on the Federal Government to pay up its counterpart fund (cash call) in the Nigerian National Petroleum Corporation, NNPC Joint Venture, JV, operations with the oil companies, claiming non-payment is negatively affecting the operations of the JV.
Lamenting government’s inability to fund JV operations and unpaid arrears of cash calls, Public Relations Officer of PENGASSAN, Emmanuel Ojugbana, said the JV between the NNPC and oil companies presently accounted for more than 60 per cent of Nigeria’s crude oil production. Read more
Kaduna Electric to Supply Power to Refinery Quarters
Kaduna Electric, the operators of Kaduna Electricity Distribution Company is to supply electricity to Kaduna Refining and Petrochemical Company’s (KRPC’s) quarters and water treatment plant.
This is part of the strategic business partnership agreed upon by the two companies during a courtesy visit by the management of Kaduna Electric on KRPC Thursday. Read more
Geometric Accuses Interstate Electrics of Neglecting Agreement on Aba Power Project
Geometric Power Limited (GPL) has accused Interstate Electrics Limited of neglecting the validity of the lease agreement between Geometric and the federal government over the concession of a ring-fenced area of the Aba metropolis in Abia State.
The company said in a statement thursday that it was shocked by the attempts being made by Interstate on behalf of Enugu Electricity Distribution Company (EEDC) to rewrite history and deceive the public on several issues about Aba Integrated Power Project and the validity of the agreement between Aba Power Limited and the federal government. Read more
Eaglets Humiliate Henfield 6-1
Golden Eaglets scored their 170th goal in domestic friendly matches following a 6-1 victory against Henfield Football Club at the NFF\FIFA Goal Project in Abuja.
Striker Orji Okwonkwo was the hero with a first half hat trick in the 5th,10th and 45th minutes which incidentally pushed Golden Eaglets’ tally to 170 after 55 matches against domestic teams. Read more
Rio Olympics: NFF Optimistic Of Falcons, U-23 Qualification
The Nigeria Football Federation (NFF) is optimistic that the Super Falcons and the U-23 team will qualify for the Rio Olympics.
Consequently, the federation has promised to give all necessary assistance towards ensuring the success of these teams in their qualifiers. Read more
Oliseh To Release Eagles List In August
Super Eagles coach, Sunday Oliseh, will release the list of players to be invited for the 2017 Africa Cup of Nations qualifier against Tanzania in Dare es Salam and the African Nations Championship against Burkina Faso mid August.
While Nigeria will play Tanzania September 6, it will play Burkina Faso over two legs in October for CHAN qualifiers. Read more
Oliseh Calls For Calm, Says Team’ll Hit Ground Running
Super Eagles manager, Sunday Oliseh has called for calm and patience among Nigerians as the side prepare for the tasks ahead.
Nigeria will travel to Tanzania in September for a crucial 2017 Africa Cup of Nations qualifier later confront Burkina Faso over two legs in October for the Africa Nations Championship (CHAN) qualifiers and the second round of African qualifiers for the 2018 FIFA World Cup in November. Read more
Yakmut Promises Better Days For Nigeria Golf
The Director General of the Nigeria Sports Commission (NSC), Alhaji Alhassan Yakmut, has promised that the commission in his tenure would ensure golf development at the grassroots.
The Secretary General of the Nigeria Golf Federation (NGF), Taiwo Oriss, who revealed this on Thursday said that golf deserves due attention like other sports in the country. Read more
Enyeama, NFF kiss and make up
The Nigeria Football Federation (NFF) have confirmed that Vincent Enyeama has been pardoned and will continue as the captain of the Super Eagles. Read more
Democratic Republic of Congo participates in its first Special Olympics
They flew 25 hours to run 400 meters in less than a minute and a half.
But just getting the four athletes from the Democratic Republic of Congo to Los Angeles for the delegation’s first-ever appearance at the Special Olympics World Games was a victory to be savored. Read more
People affected by refinery want inquiry
Some of the people displaced to pave way for the construction of the oil refinery have written to President Yoweri Museveni demanding for a judicial commission of inquiry into the manner in which compensation for the oil refinery has been handled.
In their letter, dated July 9, 2015, the 93 households that opted for resettlement allege that they have been marginalized in the manner in which they were told to vacate their land. Read more
Rugunda for Mandela awards, Banyakigezi meet
Prime minister Ruhakana Rugunda is in United States to represent President Yoweri Museveni at the Banyakigezi Convention, and speak at the inaugural Nelson Mandela Awards ceremony at the United Nations headquarters in New York.
In a statement, Rugunda’s office said he was due to speak at the awards event today, with the Banyakigezi event due in Dallas, Texas, next Friday. The Mandela awards are part of events for the Nelson Mandela International Day, marked in honour of the former South African President. Read more
Two dead including gunman in shooting at Louisiana cinema
A gunman opened fire at a cinema in Louisiana, killing at least one person and injuring at least six others before shooting himself.
The shooting took place at the Grand Theatre in the city of Lafayette, said Clay Henry, vice president of operations for Acadian Ambulance. Read more
Man charged with murder of asylum seeker Reza Barati granted bail
A Papua New Guinean man charged with the murder of asylum seeker Reza Barati has been granted bail in Papua New Guinea.
Joshua Kaluria was charged over the death of the 23-year-old Iranian man inside the Australian-run asylum seeker detention centre on Manus Island in February 2014. Read more
Laws passed, Greece to open bailout talks as recession pushes goals further
Greece’s creditors prepared on Thursday for the start of bailout talks in Athens, after lawmakers adopted a second package of reform measures before dawn despite a left wing rebellion that may bring early elections.
In a sign of how the goal of coming to grips with the country’s debt is swiftly sliding even further away, Greece’s most influential think tank predicted a sharp drop back into recession. Read more
U.S., Iran both counter-attack critics of nuclear deal
U.S. Secretary of State John Kerry and Iranian President Hassan Rouhani both counter-attacked on Thursday against conservatives at home who are trying to block last week’s nuclear deal.
In Washington, Kerry told sceptical lawmakers that rejection of the accord would give Tehran “a great big green light” to accelerate its atomic programme. Read more
Wildfires in Montana and northern California threaten tourists and homes
Firefighters braced on Thursday for a fresh run by a wildfire that sent tourists fleeing from hotels and campgrounds in Montana’s Glacier national park, while a blaze threatening hundreds of homes in northern California shot flames 100 ft (30 metres) in the air.
Both states are ravaged by drought, and rising temperatures and strengthening winds greeted newly arrived crews taking aim at the blaze in the Northern Rocky Mountains. It has burned more than 6 sq m (15.6 sq km) along the eastern side of the Montana park during prime tourist season, when lodges and inns have been booked for months. Read more
China’s carbon exchanges bend the rules to meet compliance targets
The vast majority of firms covered by China’s pilot carbon emission exchanges met their targets this year, but success was achieved largely by flexible regulations and a supply glut that kept permits cheap, participants said.
After China’s Chongqing met its deadline on Thursday, all seven of the country’s pilot emissions trading schemes have now finished the trading year, with nearly all complying. A total of 35 million permits have been traded, with prices ranging from 11.7 yuan ($1.88) in Shanghai and 42 yuan in Beijing. Read more
AT&T clears final hurdle to close DirecTV merger -sources
AT&T Inc’s proposed $48.5 billion purchase of DirecTV has cleared its final regulatory hurdle as the U.S. Federal Communications Commission voted on Thursday to approve the merger, according to people familiar with the votes.
At least three of the five FCC commissioners have voted in favor of the deal with conditions, according to the sources, who spoke anonymously because the votes have not yet been made public. Read more
US blacklists Singapore shipping firm over North Korea links
The US has blacklisted a Singapore-based shipping firm over allegations it is supporting illicit arms shipments to North Korea.
The US Treasury said that Senat Shipping was providing “extensive support” to a North Korean company already under sanctions. Read more
Thailand: Reject Rights Commission Nominees
Thailand’s national assembly should reject the nominees for the National Human Rights Commission (NHRC), whose selection process did not meet international standards, Human Rights Watch said today. Upcoming revisions to the Thai constitution should ensure that the NHRC is credible, independent, and accountable, and that its commissioners are chosen in a transparent manner, open to public scrutiny and broad-based participation. Read more
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