Chibok girls seen alive in Gwoza
More than 50 of the girls abducted by Boko Haram last year were seen alive three weeks ago, a woman has told the BBC.
She saw the girls in Gwoza town before the Boko Haram militants were driven out of there by regional forces.
Boko Haram sparked global outrage when it seized more than 219 girls from Chibok town a year ago. Read more
Bird Flu Escalates in Kano, Bauchi, Plateau
The federal government has disclosed that there was escalation of avian influenza, commonly referred to as bird-flu (H5N1 virus) in three states of the federation, including Kano, Plateau and Bauchi.
The government also stated that it had successfully stabilised the outbreak of the virus in the southern part of the country, noting that the situation was not beyond control. Read more
One Year After, Military Keeps Mum on Chibok Girls
The Nigerian military has refused to speak on the fate of over 200 girls who were abducted from Government Secondary School (GSS), Chibok, Borno State exactly one year ago by Boko Haram terrorists.
All efforts to get the military authorities to comment on the issue proved abortive as spokespersons for the Defence Headquarters (DHQ) and Nigerian Army shied away from discussing the matter. Read more
Atleast 2,000 Women and Girls Kidnapped by Boko Haram: Amnesty
Boko Haram has kidnapped at least 2,000 women and girls since the beginning of last year, Amnesty International said today, a year on from the mass abduction of 219 Nigerian schoolgirls.
The kidnapping of the teenagers from Chibok, in the northeastern state of Borno, on April 14 last year brought unprecedented world attention to the brutality of the insurgency. Read more
N25.7bn Fraud: EFCC Asks Court to Adjourn Ruling on Atuche’s Application to Quash Case
The Economic and Financial Crimes Commission (EFCC) has asked an Ikeja High Court to adjourn its ruling on an application filed by a former Managing Director of Bank PHB, Mr. Francis Atuche, seeking to quash the theft charges preferred against him indefinitely.
In the application dated April 2 filed by its counsel, Mr. Dele Adesina (SAN), before Justice Lateef-Lawal Akapo, the commission urged the court to adjourn the ruling, pending the outcome of its appeal against the Court of Appeal judgment of November 21, 2013 at the Supreme Court. Read more
Lagos Begins Removal of 358 Illegal Political Billboards
The Lagos State Government ON Monday directed the removal of 1.5 million political posters and 358 billboards, which it said, were illegally installed in different parts of the state during the electioneering.
The Managing Director of Lagos State Advertisement and Signage Agency (LASAA), Mr. George Noah, disclosed this at a session with journalists in Alausa yesterday, stating the need to clean up the state from all sort of defacement. Read more
Ibori’s Release Dims as Court Adjourns Hearing Till June Next Year
The hope that the former Governor of Delta State, Chief James Ibori, will be released from prison in the United Kingdom this year, was dealt a serious blow on Monday as the court adjourned hearing on the confiscation of his assets till next year.
Ibori, who served as governor of Delta State from 1999 to 2007, was jailed by the Southwark Crown Court, London, in April 2012 for corruption. Read more
Ibori’s Daughter Wins Ethiope West State Assembly Seat
The daughter of former Delta State Governor, Chief James Onanefe Ibori, has dedicated her victory at last Saturday’s poll to her “three fathers: biological daddy, Chief James Onanefe Ibori, her political fathers, boss and leader, Dr. Ifeanyi Okowa and her uncle and mentor, Governor Emmanuel Uduaghan.
Miss Erhiatake Ibori, a Peoples Democratic Party (PDP) candidate, won the state House of Assembly poll for Ethiope West constituency, polling 32,700 votes to her closest rival, All Progressives Congress’ Edirin Ajueshi Ejideran’s 1,709. Read more
APC Loses Seven Assembly Seats to PDP in Lagos
The opposition Peoples Democratic Party (PDP) recorded a major victory in the state House of Assembly elections with seven of its members winning their respective elections into the legislative assembly.
In what is a repeat of the feat it recorded between 1999 and 2003, Dayo Famakinwa (Ajeromi/Ifelodun I); Olatunji Fatai (Ajeromi/Ifelodun II); Dipo Olorunrinu (Amuwo Odofin constituency I); Hakeem Bello (Amuwo Odofin constituency II); Mosunmola Sangodara-Rotimi (Surulere II); Shokunle Hakeem (Oshodi/Isolo I) and Emeka Idimogu (Oshodi/Isolo II) will join the eight Lagos House of Assembly. Read more
Cultists on Rampage in Ile-Ife
The crisis rocking the ancient city of Ile-Ife, Osun State took another dimension on Monday when some people said to be members of rival cult groups clashed in the town.
As at the time of filing this report at about 8pm, Monday, sporadic shooting was going on around Iloro and Otutu areas, all located in the heart of the town. Read more
52 blind MTNF scholarship beneficiaries graduate
No fewer than 52 blind students on the MTN Foundation Scholarship have graduated from the Federal College of Education (Special), Oyo State.
Speaking during their graduation, the Executive Secretary, MTN Foundation, Nonny Ugboma, commended them for their resilience. Read more
INEC announces Assembly election winners without figures in Bayelsa
The Independent National Electoral Commission has declared Peoples Democratic Party candidates as the winners of 13 of the 14 results released so far in the 16 constituencies where elections held in Bayelsa State.
A list of the names of winners in the election released by the Resident Electoral Commissioner, Mr. Baritor Kpagih, did not include the votes scored by the respective candidates and their political parties. Read more
Inflation drops to 8.3%
The nation’s inflation rate has dropped to 8.3 per cent in March from 8.4 percent recorded in February.
The fall in inflation is expected to positively impact real rate of return in the money and fixed income markets, according to Access Bank’s Economic Intelligence Group, in its inflation forecast for March 2015. Read more
Pressure on Naira Seen Easing by Nigeria Central Bank After Vote
Portfolio inflows to Nigeria jumped since last month’s presidential elections, easing pressure on the currency of Africa’s biggest oil producer, according to the central bank.
“There is more confidence that the economy will grow as the outlook of foreign investors is very upbeat,” Emmanuel Ukeje, director of financial markets in Abuja at the Central Bank of Nigeria, said in an e-mailed response to questions on Monday. “The inflows will be sustained.” Read more
ICT infrastructure: Operational boost to cashless policy drive
There were initial anxieties that inadequate Information and Communications Technology ,ICT, infrastructure may frustrate the Central Bank of Nigeria’s ,CBN’s, cashless policy and the financial inclusion project, but Deposit Money Banks, DMBs and their counterparts at the micro economy, the Micro Finance Banks, MFBs, have revved up the drive to ensure the success through massive investments on critical ICT infrastructure and other initiatives
In the recent past banks delivered poor service to their customers due to regular breakdown of internet and other electronic facilities. During those period banks customers were put through untold hardship in trying to obtain the services of the banks. Read more
IMF Panacea: Stakeholders set priorities for Nigerian economy
Generally, the global economic outlook has remained a major concern for the World Bank and the IMF amongst other multilateral economic development institutions over the year as development in the BRICs, the Euro zone and the African region have not truly guaranteed robust trajectories required to stabilize the global economic system on a sustainable basis.
Appreciating the enormity of the task ahead the various governments, particularly in those climes with natural and human-triggered crises zones, the IMF Managing Director, Christine Lagarde, urged them to work together to maintain the pace of economic recovery while creating more growths in the future. Read more
May and Baker records 90 per cent growth in profit
Result for the year 2014, has shown that May and Baker Nigeria has recorded a 90 per cent growth in profit.
Key extracts of the audited report and accounts of the company for the year ended December 31, 2014 made available by the Nigerian Stock Exchange (NSE) showed that from a pre-tax loss position of N11.4 million in 2013, the group recorded a pre-tax profit of N101.1 million. Read more
World Bank Commends Buhari’s Move to Address Past Corrupt Practices
The World Bank Chief Economist for Africa, Mr. Francisco Ferreira, on Monday welcomed the resolve of Nigeria’s President-elect, Major-General Muhammadu Buhari (rtd), to visit past corrupt practices, stressing that it would help strengthen public institutions and promote cleanliness in politics and management of public resources.
Answering questions from journalists across sub-Saharan Africa via video-conferencing from Washington on the occasion of the launch of Africa’s Pulse, a bi-annual World Bank Group analysis of the issues shaping Africa’s economic prospects, he said the current emphasis of the “elected government to look at what happened in the past hopefully would have consequences for the future.” Read more
Oil and Gas
‘Election of New Political Party Creates Uncertainties in Nigeria’s Oil Industry’
A new report by Wood Mackenzie has predicted new challenges and uncertainties for Nigeria’s oil and gas industry, following the recent victory of the All Progressives Congress (APC) in the presidential election.
The report, which considered the impact of APC’s landmark victory on the country’s oil and gas industry, cautioned that since another political party other than the PDP has been elected, there will be new challenges and uncertainties for the oil and gas sector. Read more
NUPENG mandates N’Assembly to pass PIB before May 9
The Nigeria Union of Petroleum and Natural Gas (NUPENG) has mandated the current National Assembly to ensure the passage of the Petroleum Industrial Bill (PIB) before it winds up on May 7, failing which it may be forced to withdraw its services across the country.
The President of the union, Igwe Achese, at a press briefing in Lagos tagged, “What is the Future of Oil and Gas Sector”, said the PIB was crucial to the development of the sector as well as the economic advancement of the nation. Read more
Oando records 82% oil reserves increase
Oando Energy Resources Incorporated, a wholly-owned subsidiary of Oando Plc, which focused on oil and gas exploration and production in Nigeria, said it has significantly increased its oil reserves as a result of technical revisions and the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips.
The company noted that it had completed the acquisition of the assets of United States-based ConocoPhillips for a total cash consideration of $1.5b in July last year. Read more
NLNG spends $9.3bn on 6 trains …Delivers 7% of global LNG supply
The Nigeria LNG Limited, NLNG, said it has spent over $9.3 billion to develop its six trains, which put it in good stead to deliver about seven percent of the global LNG supply. In a publication made available to Vanguard, NLNG stated that the amount was spent between 1990, when train one, the base project was started to 2007, when train six came into operation.
A breakdown of the figure shows that trains one and two cost $3.6 billion and was financed by NLNG’s shareholders. Train 3, including additional tankage, cost $1.8 billion. The financing was carried out in a manner similar to that of the base project, while much of the cost of the new LNG tankers was borne by third party financiers. Read more
Govt receives N9.6 trillion from Shell in four years
The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014.
Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian government in 2014, with $1.8 billion from SPDC and $1.2 billion from Shell Nigeria Exploration and Production Company SNEPCo in the year under review. Read more
Reps summon NNPC, DPR, others over crude diversion
The House of Representatives has summoned the management team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and National Oil Spill Detection Response Agency (NOSDRA) over an allegation that Universal Energy Resources Limited is diverting crude oil deposit at Stubo Creek Marginal Field.
The ad hoc committee headed by Hon. Friday Itulah which is in charge of the investigation has also invited other stakeholders such as the Corporate Affairs Commission (CAC), representative of Akwa-Ibom government, the Chief of Mbo and the Youth Development Association of Mbo, all in the Mbo Local Government Area of Akwa-Ibom State. Read more
Nobel Laureate Malala Urges World to Do More to Free Nigerian Schoolgirl Hostages
Nobel peace laureate Malala Yousafzai on Monday criticized Nigerian and world leaders for failing to help free 219 schoolgirls kidnapped a year ago by Boko Haram militants.
“In my opinion, Nigerian leaders and the international community have not done enough to help you,” she said in a letter to the teenagers on the eve of the first anniversary of their abduction. Read more
Russia and Ukraine in new peace bid
Russia and Ukraine agreed to call for the withdrawal of smaller calibre weapons from the eastern Ukraine frontline as part of a fresh push to end the region’s year-long conflict.
Foreign ministers from the two countries also agreed to support international monitors and establish four working groups to address the most pressing issues faced by people in the embattled region, where Russian-backed separatists are fighting Ukrainian government forces. Read more
Obama, Iraq’s Abadi to discuss Islamic State fight in White House meeting
Iraqi Prime Minister Haidar al-Abadi and President Barack Obama will discuss the fight against Islamic State on Tuesday at a White House meeting likely to be dominated by Iraqi requests for U.S. arms and tension over Iran’s role on the battlefield.
In his first U.S. trip since becoming prime minister, Abadi is expected to seek billions of dollars in drones and other U.S. weapons to combat Islamic State, which seized much of northern and central Iraq last year. Read more
Yemen conflict: UN to vote on Houthi sanctions
The UN Security Council is to vote on a resolution imposing an arms embargo on Yemen’s Houthi rebels and their allies, as they fight government supporters who are backed by Saudi-led air strikes.
The draft resolution also says the rebel force must withdraw from territory it has seized and imposes sanctions on its leadership. Read more
Electricity tariff policy: NERC conniving with discos, consumers alleges
The Nigeria electricity supply chain is bedeviled by a lot of problems. From generation through transmission and distribution, the challenges are mounting and the government and those who are tasked with the job of overseeing the sector appear helpless.
The Nigerian Electricity Regulatory Commission (NERC), a body charged with fixing the tariff appears even overwhelmed in the face of very low generation, which has largely rendered meaningless, the assumptions made during tariff determination. Read more
Wolves’ players threaten strike again
There are indications that Warri Wolves players, Nigeria’s only surviving club in CAF club competitions, may go on strike again ahead of their ‘round of eight’ CAF Confederation Cup tie against MK Etancheite of Congo billed for Saturday at the Warri Township Stadium in Delta State.
A source, who pleaded anonymity, told our correspondent that the action was to press home their demand over three months unpaid salaries and allowances. Read more
Tennis star thumbs up for Nigeria table federation
Nigeria’s upcoming table tennis star, Sunday Odunlade has praised the organisers of the Lagos leg of the International Table Tennis Federation (ITTF) World tour, tagged Lagos Open, held in March at the Okoya Thomas Hall of the Teslim Balogun Stadium, Surulere.
The player ranked number seven in the country and unseeded at the World Tour, is happy that the tournament afforded a few of them the chance of playing with top players around the world which was absent in previous tournaments. “Some of us got the opportunity to rub shoulders with some of the best players in the game, which was not there four years ago.” Read more
NTTF seeks sponsorship for China meet
The Nigeria Table Federation has appealed to corporate organisations to sponsor national players to the Qoros 2015 World Table Tennis Championships in Suzhou, China, the News Agency of Nigeria reports.
The NTTF Technical Director Anderson Bankole told NAN in Lagos on Monday that the federation lacked the funds to facilitate the movement of the players to the tournament. Read more
Sand Eagles ready for Seychelles – Ejo
The 2015 African Beach Soccer Championship kicks off on Tuesday with Nigeria taking on hosts Seychelles at the Roche Caiman Sports Complex, Roche Caima in a Group A fixture.
In another Group A fixture at the stadium, Egypt will clash against Ivory Coast. Read more
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