October 24, 2017

*Court bars Nigerian Pilot from reporting Jega* *Reps to reconsider PIB next week*

*Court bars Nigerian Pilot from reporting Jega* *Reps to reconsider PIB next week*

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Sabinews Morning News Update for May 7, 2015

 

National News

 

Court bars Nigerian Pilot from reporting Jega

Chairman of Independent National Electoral Commission, INEC, Prof. Attahiru Muhammad Jega, has obtained an injunction from an Abuja High Court against Nigerian Pilot Newspapers and Nigerian Newsworld Magazine, restraining reportage on him and his activities till further notice.

Nigerian Pilot had on April 14, formally written to the INEC chairman seeking audience with him on issues thrown up in a four-month investigation the newspaper did on his tenure as the country’s chief electoral superintendent in fulfilment of the demands of the profession. Read more

Reps to reconsider PIB next week

The battle for re-election to the 8th House of Representatives stalled the consideration of the report on the Petroleum Industry Bill by the House months after the document was laid before the House.

But the House Deputy Leader, Mr. Leo Ogor, confided in a correspondent on Wednesday that the PIB would be reconsidered by members of the House of Representatives on Thursday next week. Read more

Julius Berger Donates 280 Books to School

Construction giants, Julius Berger Nigeria Plc on Wednesday donated a total of 280 general interest books to the authority of Government Secondary School, Kubwa, Abuja, and also tutored some of the students on the art and science of poetry.

The session on poetry was anchored by Dike Chukwumerije, author of eight books and winner of several performance poetry competitions in Nigeria. The session witnessed the reading of works of Nigerian poets, and tutorials on how the students can write their own poems, using poetic literary devices. Read more

Troops Rescue More Captives from Sambisa, Destroy Insurgents Training Camps

Nigerian troops currently attacking the Boko Haram insurgents in the dreaded Sambisa Forest yesterday rescued more 25 women and children held captive by the insurgents while destroying seven terrorists’ camps including those used for in-house training.

The defence headquarters spokesman, Major Gen. Chris Olukolade made this known yesterday in an update on the progress of the troops, in which he said the troops scaled series of landmines before they could wangle their way to the destroyed camps. Read more

3,000 Nigerians deported from Niger

The National Emergency Management Agency on Tuesday said that it had received over 3,000 Nigerians deported from Niger.

The agency also disclosed that by the end of the day (Wednesday), it would have taken custody of over 6,000 Nigerians deported from Niger. Read more

Albino Foundation Charges National Assembly to Criminalise Stigmatisation of Albinism

The Ekiti State chapter of the Albino Foundation has called on the National Assembly to enact a law that would banish all forms of discriminations against people living with albinism in Nigeria.

The body called on the incoming administration of Muhammadu Buhari to place high premium on how to maintain an egalitarian society that would prevent discrimination based on colour and biological composition against the members of the foundation. Read more

SUBEB summons head teacher for alleged extortion

The Delta State Universal Basic Education Board (SUBEB), has summoned the head mistress of Ahabam Primary School, Asaba, the state capital, Mrs. Franca Odita, over allegations of extortion and absenteeism.

The Chairman of the board, Elijah Ologie, who made this known shortly after monitoring of resumption of schools in the state, said culprits would be sanctioned. Read more

Uduaghan faults NUC for scrapping weekend programmes

Delta State Governor, Emmanuel Uduaghan, has faulted the scrapping of weekend programmes by the National Universities Commission (NUC), saying it would deprive youths of tertiary education.

Uduaghan, who spoke at the ninth convocation of the Delta State University (DELSU), Abraka said the NUC should first evaluate the advantages of the programmes before scrapping them. Read more

Senate Bill Seeks to End Desertification, Drought in Nigeria

The Senate Wednesday began moves to address the lingering threats of desertification and drought in the country as a bill seeking to establish the National Agency for the Great Green Wall in Nigeria scaled second reading.

The bill seeks to manage drought, desertification and also spell out control measures. Read more

Senator-elect’s Call to Scrap Amnesty Programme Reckless –IYC

The Ijaw Youth Council (IYC) on Wednesday described as reckless the call by senator-elect from Kaduna State, Shehu Sani, for the scrapping of the Federal Government amnesty programme for ex-militants of the Niger Delta.

IYC stated that any such move to stop the amnesty programme would amount to another conspiracy against the people of the region. Read more

Houseboy kills woman, 59, in Enugu

A 59-year old grandmother, Mrs. Agnes Elue, was yesterday found dead in her bedroom on One Day Road, Awkunanaw, Enugu State. She was allegedly killed by her houseboy.

Elue, from Ogwashi-Uku in Delta State, was said to have been clubbed to death last Sunday by her teenage house boy whose identity is being withheld. Read more

African Banker Nominates GTB, Fidelity for Awards

The African Banker Awards Committee, on Wednesday, announced Guaranty Trust Bank (GTB), Fidelity Bank, Managing Director of GTB, Segun Agbaje and some other banks in the continent as nominees for its 2015 awards.

Together with four other nominees in each category, GTB was nominated in the African Bank of the Year’s category, the GTB boss was nominated in the African Banker of the Year’s category, while Fidelity Bank was nominated in the Award for Financial Inclusion’s category. Read more

Eze Ndigbo Australia Jailed For Running Drug, Crime Syndicate

The Eze Ndigbo Australia, Chief Maximus Osuamadi, has been jailed by a Sydney court for masterminding some high profile crimes and running a drug cartel, which operates between Nigeria, China, Brazil and other Asian countries.

“The Chief, as he is called is said to be deeply involved in local issues in Western Sydney, meeting local politicians, such as former Premier, Morris Iemma, and senior police officers. Read more

Dickson fires commissioner for losing to APGA

Bayelsa State Governor Seriake Dickson has sacked Sports Commissioner Ebikitin Doingoli, allegedly for losing his constituency to the All Progressives Grand Alliance (APGA) in the last general elections.

A statement relieving the commissioner of his appointment was announced yesterday on major radio stations in Yenagoa, the state capital. It was signed by the governor’s Chief Press Secretary, Daniel Iworiso-Markson. Read more

We are Ready to Testify at Electoral Tribunal, Says Mbu

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The Assistant Inspector-General of Police (AIG) in charge of Zone 2, comprising Lagos and Ogun States, Joseph Mbu, has expressed readiness to testify at the electoral tribunal if need be.

Mbu made this disclosure last Tuesday night while receiving the Crime Reporters’ Association of Nigeria (CRAN) Hall of Fame Award for conducting violence-free elections in Ogun and Lagos States. Read more

Smartphone penetration in Nigeria hits 30%

Global leader in personal computer (PCs, Lenovo, has said smartphone penetration in the country has reached 30 per cent mark, adding that there are still more rooms for growth in the smartphone segment considering the population of the country and huge youth population.

Its Executive Director, Mobile Business Group, Middle East and Africa (MEA), Shashank Sharma, who spoke during the unveiling of three smartphones into the market, said Nigeria remains strategic to the firm in its African operations. Read more

 

Economy

 

CBN’s weekly sales to BDCs hit $79.8m

The Central Bank of Nigeria (CBN) disburses $79.8 million to 2,660 Bureau De Change (BDC) operators weekly. This follows the approval of over 80 BDCs after the regularisation deadline elapsed last July. Each BDC takes $30,000 weekly, down from $50,000 before the new guideline came into force.

The regulator had pointed out that on the expiration of the deadline on July 31, it would cease to fund any BDC that failed to comply with the new requirements, adding that “only BDCs that meet the new requirements would qualify to be engaged as agent by the licenced international money transfer operators for inward and outward transfer business in Nigeria’’. Read more

Bank asks court to jail DMO’s DG for contempt

Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, Mr. Abraham Nwankwo, of frustrating its move to recover a huge debt allegedly owed it by an oil marketing firm, First Deepwater Discovery Limited.

The bank’s lawyer, Mr. Kunle Ogunba (SAN), appeared on Tuesday before a Federal High Court in Lagos, asking the court to imprison Nwankwo over alleged disobedience and contempt of court. Read more

W’Bank Donates $.28m to Procure Equipment for Mango chips

The World Bank through the West African Agricultural Productivity Programme[WAAP] has donated four mango drying equipment worth $280,000 to some farmers in  Nigeria for the production of mango chips.

Speaking at the Commissioning of one of the equipment in Sabo –Wuse in Niger State, the National Project Coordinator of WAAP, Prof. Damian Chikwendu, explained that the donation of these equipment for the processing or production of mango chips was intended to reduce post-harvest losses suffered by farmers as well as create jobs especially for the teeming youths and women in the rural areas which would in turn, mitigate rural-urban migration. Read more

ACE signs performance contract with FG, World Bank

The Africa Centres of Excellence (ACE) in Nigeria have signed Performance Contracts with the Federal Government and the World Bank, marking the last hurdle to be crossed before the release of the first tranche of funds to them. The ceremony, witnessed by the Honourable Minister of Education, Mallam Ibrahim Shekarau, was held at the National Universities Commission (NUC) in Abuja. Read more

Nigeria May Post Current Account Deficit in 2015

Nigeria’s weakening fiscal buffers as a result of the sustained low oil price may result in a current account deficit in the country’s balance of payments this year.

Managing Director/Head, Africa Research, Standard Chartered Bank, Razia Khan made the prediction during an interactive session with journalists in Lagos yesterday. She also forecast that the country would raise capital from the international debt market by the second half of the year to meet some of its obligations. Read more

Nigeria can emerge Africa’s first $1 trillion economy by 2030’

Following a recent projection by the United States Department of Agriculture that Nigeria’s gross domestic product (GDP) will be over $1 trillion by 2030, experts have outlined key factors that the nation’s government and stakeholders must concentrate on for a rapid economic boost.

According to the experts who spoke to The Guardian in series of interviews, stressed that the report which place Nigeria’s GDP three times bigger than South Africa’s current GDP and the combined projected GDPs of Algeria, Egypt and Kenya would only become realistic if the basic developmental challenges are tackled. Read more

FG Can Save $20b from Local Manufacturing –NNPC

Group Executive Director Gas and Power of the Nigerian National Petroleum Corporation (NNPC), Dr. David Ige, on Wednesday said the country would save as much as $20 billion annually in foreign exchange by reducing importation and increasing local manufacturing.

Ige, who spoke at a session hosted by the Petroleum Technology Association of Nigeria (PETAN) at the ongoing 2015 Offshore Technology Conference (OTC) in Houston, Texas, said increasing support for the industrial sector by providing more gas would reduce the impact of global fall in crude oil prices. Read more

Telcos lose N20b yearly to opex, arbitrary fees

Telcos in Nigeria lose about N20 billion annually to punitive operating expenditure (opex) and multiple taxation and arbitrary charges, the Chief Executive Officer, Airtel Nigeria, Segun Ogunsanya has said.

He has therefore urged the Federal Government to come up with a unified tax system to enable businesses and investors know what taxes are supposed to be paid to the government. Read more

 

Oil and Gas

 

Oil marketers to pay tanker drivers N8.8bn

There are strong indications that tanker drivers involved in lifting petrol and other petroleum products would be paid about N8.8 billion as stakeholders move to end the prolonged scarcity on the nation.

The planned payment represents 44 per cent of N20 billion which oil marketers owe the tanker drivers for their services. Read more

Shell declares force majeure on Forcados crude exports

Shell has declared force majeure on exports of Nigeria’s Forcados crude oil stream, a spokesman for the company said on Wednesday.

It declared force majeure on the evening of Tuesday following “a series of leaks” in the Trans Forcados pipeline that brings the oil to the export terminal. The pipeline itself is operated by the Nigerian Petroleum Development Company. Read more

Black marketers push petrol price to N300/litre in Ondo

AS the scarcity of petrol bites harder across Ondo state , major marketers of the commodity now divert their consignment to independent marketers who sell between N150 and N300 per litre.

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Investigations conducted by Vanguard in the state indicated that the major marketers preferred to sell their consignment to independent marketers who then sell above the pump price. Read more

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

BG (BG.L) Chief Executive Helge Lund welcomed with “mixed emotions” Royal Dutch Shell’s (RDSa.L) $70 billion takeover bid, which came only two months after he took office.

Speaking at BG’s annual general meeting in Reading, England, the former Statoil (STL.OL) boss said there is still much to do before the transaction can complete but that Shell’s bid, at a 50 percent premium to BG’s share price on April 7, maximizes BG’s value while removing potential risks. Read more

Nigeria requires $20bn to develop gas infrastructure

To adequately cater for its gas needs, Nigeria will re­quire about $20 billion to bridge gas infrastructure deficit, Vice President and Head, Energy and Natu­ral Resources, FBN Capi­tal, Rolake Akinkugbe, has said.

Akinkugbe stated this in her presentation entitled, “Global Gas Outlook and Implications for Nigeria” at the ongoing Offshore Technology Conference in Houston Texas. Read more

 

Power

 

Don’t Reverse Power Sector Privatisation, Jonathan Cautions Buhari

President Goodluck Jonathan, on Wednesday in Abuja, warned the incoming Muhammadu Buhari administration against reversing the power sector privatisation, as doing so would be counter-productive to the ongoing reform process and not in national interest.

Jonathan, who spoke through Minister of Power, Chinedu Nebo, on Wednesday while unfolding a new draft National Policy on Renewable Energy and Energy Efficiency (NPREEE) approved by the Federal Executive Council at the Presidential Villa, said any attempt to reverse the exercise after May 29, would drag the nation backwards by several years. Read more

 

Sports

 

UEFA Champs: Magical Messi Puts Bayern, Guardiola to Sword

Lionel Messi provided the extra piece of magic needed to beat a goalkeeper of Manuel Neuer’s quality by grabbing two second-half goals before Neymar grabbed a late third to put Pep Guardiola’s Bayern Munich to the sword yesterday night.

Neuer put in a formidable performance to deny the likes of Neymar and Luis Suarez in the first half, however he was finally beaten in the 77th minute. Read more

Nigerian Ref Named for FIFA Beach Soccer World Cup

World football –governing body, FIFA has appointed Nigerian Jelili Ogunmuyiwa to officiate at this summer’s FIFA Beach Soccer World Cup competition taking place in Espinho, Portugal.

Ogunmuyiwa, 36, who officiated the final match of last month’s African Beach Soccer Championship in Seychelles, between Madagascar and Senegal, is among only three Africans in the 24-man list for the global tournament that takes place July 9 -19. Read more

Wolves Match Not a Do-Or-Die Affair

Dolphins midfielder, Isiaka Olawale, says it’s not a do-or-die-affair the rescheduled league clash against Warri Wolves today in Part Harcourt.

Olawale said Dolphins iknows that Warri Wolves is coming to Port Harcourt to make a bold statement of its pedigree but that they are determined to turn them back empty-handed. Read more

Use Flying Eagles, Nwosu tells Keshi

Former Golden Eaglets coach, Henry Nwosu, has asked Super Eagles coach, Stephen Keshi, to consider some players in the U20 national team, the Flying Eagles, while selecting players for the senior national team.

Nwosu told our correspondent that it’s wrong for anybody to say the U20 boys are not ripe for the senior team, adding that some of them who are in good shape can make a huge difference in the Eagles. Read more

 

World News

 

Burundi’s chaos: Violent protests mount over a bid to hold power

The situation in Burundi, a landlocked country of 11 million in Central Africa, is becoming more explosive with presidential elections seven weeks away. Citizen clashes with police have killed at least three and wounded 45.

It would be easy from this distance to say it doesn’t matter, except that when Burundi’s twin, Rwanda, exploded in genocide and civil war in 1994, the whole region was plunged into bloody warfare, the results of which torment it to this day. Read more

Egypt forces kill 21 militants

At least 21 militants were killed by the Egyptian armed forces during air raids on their cells in Rafah border city of North Sinai province, media reported.

The forces used Apaches in the operation which belonged to Sinai-based Al Qaeda-inspired Ansar Bayt al-Maqdis (ABM) group, Xinhua cited source as saying. Read more

IMF Says Asia to Lead Growth in 2015 Despite China Slowdown

Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday.

IMF economists expressed concern, however, over the potential for weaker growth if policy makers in the region fail to follow through with needed changes, saying it was a time not for “alarm but it is a time for alert.” Read more

100 kidnapped migrants rescued outside Mexican capital

Mexican authorities say 100 kidnapped migrants were rescued from a home in Mexico State, near the capital.

The State Citizen Security Commission reports that authorities were tipped off by a Guatemalan man who claimed to have escaped the house. Read more

Brazil lower house passes key fiscal adjustment measure

A measure that reduces the cost of social welfare benefits narrowly cleared the lower chamber of Brazil’s Congress on Wednesday night in a tense victory for President Dilma Rousseff’s efforts to cut a fiscal deficit and restore investor confidence.

Lawmakers voted 252-227 to pass the bill that toughens conditions for jobless Brazilians to gain access to welfare and unemployment insurance, legislation that has put Rousseff at odds with Brazil’s largest labor union and some members of her Workers’ Party. Read more

Israel PM Netanyahu strikes last-minute coalition deal

Israel’s Prime Minister Benjamin Netanyahu has formed a last-minute coalition government, shortly before a deadline to do so was set to expire.

The coalition will rule by a slender majority after receiving the support of the far-right Bayit Yahudi (Jewish Home) party following hours of discussions over cabinet positions. Read more

 

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