March 23, 2019

*CBN eases rules for trading naira* * DPR to Revoke Licences of Non-performing Oil Fields*

*CBN eases rules for trading naira* * DPR to Revoke Licences of Non-performing Oil Fields*

Sabinews Midday News Update for January 15, 2015MIDDAY NEWS


CBN eases rules for trading naira

The Central Bank of Nigeria (CBN) has reviewed the daily Foreign Currency Trading as against what was implemented last month on buying and selling foreign exchange that were blamed for crushing currency trading in Africa’s largest economy.

The maximum net open foreign-exchange trading positions banks can hold at the end of each business day was increased to 0.1 per cent from zero. Read more

DPR to Revoke Licences of Non-performing Oil Fields

The federal government may revoke the licences of the operators of non performing or idle fields, especially the marginal field owners, in March this year.

The country has 315 oil fields in total but out of this number, only 218 are currently productive with about 97 oil fields lying idle. Read more

22 ships laden with petroleum products, foods arrive Lagos

Twenty two ships laden with petroleum products and food items have arrived the Lagos ports, the Nigerian Ports Authority (NPA) said on Wednesday in Lagos.

The NPA made this known in its daily publication, ‘Shipping Position’. Read more

Chukwu okays Eagles, Yemen clash

Former Nigerian manager Christian Chukwu has affirmed as quite in order the Super Eagles warm-up match against Yemen in Dubai, United Arab Emirates (UAE).

The Eagles are due to confront the Asian side who were an immediate replacement for Sudan on Saturday at the Sevens Stadium in Dubai. Read more

Love Scam: EFCC Recovers $2,000 for American Victim

Relief came the way of one Margaret Sanders, an American based in Sherman, Texas, as the Economic and Financial Crimes Commission, EFCC, successfully recovered the sum of $2,000 which she had lost to a suspected Nigerian fraudster, Benjamin Akugbe, in a romance scam.

According to the spokesperson of the EFCC, Wilson Uwujaren, “Sanders, through a petition dated July 9, 2013, alleged that she entered into a relationship on facebook with someone who claimed to be Benny Brown from Warri, Delta State, with both agreeing to get married. Read more

DSS Arrests Politician over Attack on Commissioner

Security operatives attached to the Department of the State Services (DSS) have arrested the State House of Assembly candidate of the National Conscience Party (NCP), Hon. Lucky Ogbazi, over alleged violent disruption and attack on the 2015 presidential sensitization campaign team led by the State Commissioner of Works and Infrastructure, Lawrence Erudjakpor.

According to security sources, Ogbazi was arrested over the alleged attack, which occurred at the weekend in Ofoni Community in Sagbama Local Government Area of the state. Read more

PDP loses eight Reps to defection

Another set of eight members of the House of Representatives, on Wednesday, dumped the Peoples Democratic Party (PDP) for different political parties mostly because they could not get the PDP ticket to run for this year election.

On Wednesday, two members of the PDP dumped the party for same reasons. Read more

Oshiomhole ejects Igbinedion varsity students from hospitals

Edo State Governor, Adams Oshiomhole, Wednesday, issued an executive order stopping the nursing students of Igbinedion University, Okada from using facilities of the state-owned Benin Central Hospital and the Stella Obasanjo Hospital.

Students of the School of Nursing affiliated to the Igbinedion University have been enjoying the use of government hospitals free of charge over the years even when they pay their fees to the Igbinedion University. Read more

Reps to probe Ajaokuta Steel N3.4bn monthly wage bill

The House of Representatives has mandated its Committee on Steel to probe the N3.4 billion being spent as monthly salaries for staff of Ajaokuta Steel Company, Kogi.

The committee is also charged to investigate the current developments in the company and report back to the House. Read more

17 vehicles burnt in Lagos fire

No fewer than 17 vehicles have been burnt and many shops razed in a midnight fire that ravaged Iwaya, Lagos State.

The Director of the Lagos State Fire Service, Rasak Fadipe, on Thursday said the incident happened on Adaramaja Street, Ile Olora Mechanic village. Read more

Ogun students decry non-payment of bursary

Ogun State students schooling in Kwara State have appealed to the Governor of Ogun State, Senator Ibikunle Amosun, to facilitate the payment of their grants, which have been withheld since the last five years.

The students lamented in Ilorin the injustice being meted out to them by their home state government, nothing that it is denying them their individual right as legitimate indigenes of the state. Read more

Senator Gaya secures release of 96 prison inmates in Kano

Chairman of Senate Committee on Local Government, Sen. Kabiru Gaya (APC-Kano), on Wednesday stated that he had secured the release of 96 prison inmates in his constituency.

Gaya, who is representing Kano South Senatorial District, made the announcement at the “NUJ Platform’’ in Kano. Read more

Madagascar’s President Names New Prime Minister

Madagascar’s president named a new prime minister after months of widespread discontent at the performance of his government.

President Hery Rajaonarimampianina named Air Force Gen. Jean Ravelonarivo as the new head of government late Wednesday. Read more

Thailand to recognise “third gender” in new constitution -panel

Thailand’s constitution will include the term “third gender” for the first time, a member of a panel drafting a new charter said on Thursday, in a move to empower transgender and gay communities and ensure them fairer legal treatment.

Thailand has a large gay community, but remains largely conservative, although homosexual, transgender and transsexual people play key roles in its entertainment industry. Read more

Twelve-year-old shot dead in Turkey’s Kurdish southeast

A 12-year-old boy was shot dead in Cizre in southeast Turkey on Wednesday, the sixth person to be killed in the largely Kurdish town in the last three weeks, security sources said.

Local witnesses said police teams were travelling through the area at the time he was shot. However, Interior Minister Efkan Ala told broadcaster Haberturk that police had not fired guns or tear gas and said an investigation had been launched. Read more

Pope Francis arrives in Philippines

Pope Francis arrived in the Philippines on Thursday for a five-day visit that is tipped to attract a record papal crowd.

The pontiff flew to the capital, Manila, from Sri Lanka, where a million worshippers gathered to watch him canonise the country’s first saint and to listen to a homily on religious tolerance. Read more

Boko Haram Appears to Be Using Abducted Girls as Suicide Bombers: Experts

Three suicide bombings by girls aged as young as 10 suggest that Nigeria’s Boko Haram has employed a new tactic of forcing abducted children to blow themselves up, according to experts.

The Islamist sect has been carrying out almost daily killings and kidnappings across northeast Nigeria in a campaign of violence now in its sixth year. Deadly attacks on Saturday and Sunday were carried out by three young female suicide bombers. These came just days after a week-long killing spree by Boko Haram, in which the group torched at least 10 towns leaving around 2,000 people unaccounted for. Read more

Beijing is Choking Under another Nightmare Smog

Deep down, Beijing knew it was coming. But against all odds, the 21 million residents of China’s capital hoped that the cold chemical soup that passes for “air” might not be so bad this winter, sparing the city another airpocalypse. Read more


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