Dangote contributes $3 million to the African Union’s Ebola Fund
Africa Union’s efforts at containing the dreaded Ebola virus in West Africa has been boosted with the Dangote Foundation pledging a sum of $3 million to a fund established by African business leaders in Addis Ababa, Ethiopia.
This is in addition to previous interventions in Nigeria where the Foundation owned by the business mogul, Aliko Dangote, had spent about $5 million to evolve a two pronged strategy that directly support the Nigerian government’s Ebola containment efforts, through investments that strengthen Nigeria’s health system in a manner that will endure beyond the current Ebola crisis. Read more
UBA Commits $1million to the Ebola Fight – Elumelu urges corporate Africa to take up the challenge
The United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does business: Sierra Leone, Liberia and Guinea.
The gift will be distributed through the UBA Foundation, UBA’s corporate social responsibility arm and shared equally among the three affected West African countries. The remaining $100,000 is to be contributed to the African Union Support Mission to the Ebola Outbreak in West Africa (ASEOWA), initiated by the African Union Chair, Nkosazana Dlamini Zuma. Read more
Death Toll in Potiskum Rises to 58
In a related incident, the death toll in the suspected Boko Haram suicide bombing of a secondary school in Potiskum, Yobe State, has risen to 58, a school official told AFP yesterday.
“From records at our disposal, the death toll now stands at 58 while the number of those injured has soared to 117,” said the official at the school. Read more
Seplat Safe Motherhood Programme Returns to Edo and Delta State
SEPLAT Petroleum Development Company Plc has flagged off this year’s edition of its annual Safe Motherhood Programme.
The programme was formally declared open on Wednesday November 12, 2014 at the Sapele Central Hospital coinciding with the United Nations designated, World Pneumonia Day. Read more
New N100 Note Unveiled, Circulation to Start Next Month, Says CBN
President Goodluck Jonathan on Wednesday unveiled the new N100 centenary commemorative banknote at the Presidential Villa, Abuja.
Vice-President Namadi Sambo, Central Bank of Nigeria (CBN) Governor Godwin Emefiele and ministers were present during the unveiling. Read more
Banks in Ekiti Shut Down over Alleged Security Threat
Sports Minister and Chairman, National Sports Commission, Dr. Tammy Danagogo, has expressed optimism that the bi-lateral relationship existing between Nigeria and Germany will be fostered to ensure that the synergy between the two countries in sports development is maintained.
Danagogo made the assertion when the German Ambassador to Nigeria, Michael Zenner, paid him a courtesy call on Monday in Abuja. Read more
$2.94bn submarine cables set tone for fixed line telecoms revival
Large amounts of high-capacity international bandwidth lying idle on Nigeria’s coastline is sparking off the resurgence of fixed line (wired) telephony as telecommunications companies begin build out requisite infrastructure needed to take internet services across the length and breadth of the country, market observers have said.
An estimated $2.94bn have been ploughed into the deployment of five submarine cables, with these internet infrastructures easing the long standing constraint of high capacity bandwidth required to drive data hungry services such as e-health, e-commerce, telemedicine, e-government, e-banking, amongst others. According to experts, fixed line infrastructure offers faster and stable speeds, and are not susceptible to bad weather conditions as opposed to wireless and satellite services. Read more
Telecoms Operators Accuse State Govts of Stifling Broadband Deployment
Telecoms operators have said the refusal of state governments to give right of way (RoW) is delaying broadband rollout in the country. The operators, who spoke in one voice at this year’s West Africa Information and Communications Technology (WAFICT) Congress in Lagos, have said unless the federal government prevails on state governments on the issue of RoW, the vision to make Nigeria a digital economy, will be a mirage. Read more
FG, States Borrow N2.25trn As Debt Rises To N10.8trn
The federal and state governments have in the last one year borrowed no less than N2.52 trillion, the latest data released by the Debt Management Office (DMO) has shown.
This value excludes the $1billion debt recently approved for the federal government for the purchase of arms to fight terrorism. Read more
Court Fixes December 1 for Jonathan’s Eligibility Case
The Federal High Court sitting in Abuja has fixed December 1, 2014 for hearing in two different suits challenging the eligibility of President Goodluck Jonathan to re-contest in the 2015 general elections.
In the first suit, the plaintiffs, Mase Daphine Acho, Saeeq Umar Sarki (both lawyers) and Murtala Abubakar were also contending that Jonathan and Sambo were ineligible to be elected president and vice president respectively. Read more
PDP senators renew battle against governors
The crises of interests in the Peoples Democratic Party (PDP) are set to get worse, with senators and governors vowing not to yield an inch in their bitter struggle for tickets.
No fewer than nine governors are bidding for Senate tickets – a move that has infuriated many senators who plan to return to the National Assembly. Read more
Local Hunters Kill 75 Insurgents in Adamawa
The effort by Boko Haram insurgents to install a leader, or Amir, in Maiha town of Adamawa State following its annexation of the town has suffered setback as about 75 members of the sect were allegedly killed by a combined force of hunters and a local vigilante group who subsequently liberated the town.
Maiha local government had fallen into the hands of the insurgents on Monday after they launched an offensive which claimed the lives of several soldiers, including a lieutenant colonel while others fled. Read more
Boko Haram Attacks Force 13,000 to Flee to Cameroun
The United Nations refugee agency has reported that thousands of people continue to flee to Cameroun to escape attacks by Boko Haram insurgents in North-east Nigeria.
“According to Camerounian authorities, some 13,000 Nigerian refugees crossed from Adamawa State after insurgents attacked and captured the town of Mubi in late October. The refugees fled to the towns of Guider and Gashiga in the North region of Cameroun and to Bourha, Mogode and Boukoula in the Far North,” United Nations High Commissioner for Refugees (UNHCR) said in a statement from Geneva. Read more
Female Suicide Bomber Attacks Nigerian Teaching College
A female suicide bomber injured four people at a teachers’ college in northwest Nigeria on Wednesday, while the US hit back at allegations it has not done enough to tackle Boko Haram militants.
Police spokesman Ibrahim Gambari said that the woman had blown herself up at the Federal College of Education in Kontagora, Niger state before reaching her target, the school library where students were revising for exams. Read more
Man jailed for producing fake NAFDAC numbers
The Federal High Court, Port Harcourt has sentenced a middle aged man, Sunday Okeke to 11 years in prison for producing adulterated and fake NAFDAC regulated alcoholic beverages in contravention of section 1 of Drugs and Regulated Products (Registration etc) Act of 1993 as amended and punishable under section 6 (1) of the same Act.
The High court, presided over by Justice R. M. Aikawa found him guilty of all the four count charges proffered against him by the Prosecuting Counsel; Mohammed Bello, Head, Legal Division of NAFDAC. Read more
Fidelity Bank Pledges More Support for SMEs
Fidelity Bank Plc has restated its commitment to the support of small and medium scale enterprises (SMEs) in the country.
Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo made the pledge in an address delivered at the ongoing Lagos International Trade Fair. Read more
Ebola Virus Takes Toll on Lagos Trade Fair
The Lagos Chamber of Commerce and Industry (LCCI) has decried the low turn out of Chinese and other foreign businesses at the ongoing 2014 Lagos International Trade Fair, noting that the low turn out is due to the Ebola Virus Disease (EVD) outbreak that plagued the country some months ago.
The president, LCCI, Alhaji Remi Bello, explained that although, the fair still has in attendance, few foreign companies who came on their own free will, it is clear that the reoccurrence of such epidemic should be prevented as it poses threat to economic development. Read more
Emefiele Vows to Defend Naira on Falling Oil Prices
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has said he will continue to defend the naira after the currency plunged to a record low last week.
“There’s no need for anybody to panic or worry,” Emefiele told Bloomberg. Read more
Oando, PZ, others raise NSE index by 0.9%
Gains by Oando Plc and PZ Cussons Nigeria Plc and 34 other stocks on Wednesday helped the Nigerian Stock Exchange to close on a positive note, with the NSE All Share Index rising for the third straight session.
Specifically, the NSE ASI rose by 296.73 basis points or 0.9 per cent from 33,670.75 basis points to 33,967.48 basis points. Read more
N231bn ticket sales: ‘Foreign carriers not adding value to Nigerian economy’
The Managing Director of MedView Airline, Alhaji Muneer Bankole, has decried the N231 billion 2013 ticket sales and repatriation of funds by foreign airlines out of Nigeria, saying the carriers are not adding value to the Nigerian economy.
This is as he disclosed plans were underway by the management to enlist the airline on the Nigerian Stock Exchange, NSE, so the public could buy into it. Read more
Concerns over Nigeria’s Poor Trade Relations with UK
Nigerians have called for improved trade relations between the country and the United Kingdom (UK), saying 100 years of doing international business together has not had the expected positive impact on the Nigerian economy. Read more
FIRS clamps down on businesses in Oyo over N239m VAT
The enforcement unit of the Federal Inland Revenue Service (FIRS), on Tuesday, clamped down on managements of Genesis Hotels, Kinssimme Transport Services, Global Meridian, WETTIP Quarry, and three other firms in Ibadan, Oyo State, for defaults in remitting over N239 million Value Added Tax (VAT) collected on behalf of the Federal Government.
Other companies which managers were arrested or sealed off were Taimez Nig; Latfatob Ltd and Jericho Country Home. Read more
Oil and Gas
The plan to ban importation of gas cylinders
The policy on promotion of local content in key sectors of the economy may soon result in a ban on importation of gas cylinders into the country. Moves for the ban are now being initiated by the Nigerian Content Development and Monitoring Board (NCDMB) in collaboration with major stakeholders in the oil and gas sector, including the Nigerian National Petroleum Corporation (NNPC), Oando Group and Sahara Energy. Read more
Gas Industrial Park: Ministry Reschedules Ground Breaking Ceremony
The ground-breaking ceremony of the Gas Revolution Industrial Park earlier billed for Friday, November 14, 2014, at the GRIP Project site, Warri, Warri South West LGA of Delta state has been rescheduled.
The decision to reschedule the ceremony came after a consultation between the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and Governor Emmanuel Eweta Uduaghan of Delta State. Read more
Ebola Toll Crosses 5,000 with Situation in Sierra Leone Worsening
The death toll from the current Ebola outbreak in West Africa has crossed 5,000 with the disease having claimed 5,147 lives out of 14,068 cases so far, according to the World Health Organization.
The numbers could be even more as cases and deaths continued to be under-reported, said WHO. Read more
Obama admits ‘initial ISIS strategy was wrong’
Last month he said that an ‘Iraq first’ attack was the best means to combat ISIS, but Obama has reportedly developed a new strategy to defeat the al Qaeda splinter group – starting with the removal of Syrian President Bashar al Assad.
Protesters over missing students in Mexico burn state assembly
Demonstrators set fire to the local legislature building on Wednesday in the capital of the southwestern state of Guerrero in protests over the apparent massacre of 43 students by corrupt police and thugs from drug gangs.
Violent demonstrations rocked several other states, where protesters blocked an airport and damaged the local office of President Enrique Pena Nieto’s ruling Institutional Revolutionary Party (PRI). Read more
Brazil soccer star Pele to leave hospital soon, aide says
Brazilian soccer legend Pele is doing “fine” and will be discharged from a Sao Paulo hospital early on Thursday after he was admitted for stomach pains, one of his aides told Reuters.
The 74-year-old soccer great had to cancel a book-signing at a museum named for him in his native city of Santos after complaining about his stomach on Wednesday. Read more
Rosetta: Scientists await news of ‘bouncing’ comet probe
Scientists are facing a tense wait to learn the fate of a robot probe that made a historic landing on a comet – but did not stay in place as planned.
Data from the Philae craft indicates it landed at least three times on the comet, after harpoons failed to attach it to the surface on the first attempt. Read more
Egyptian navy kills four after boat attack – security sources
Gunmen in a fishing boat opened fire on an Egyptian naval launch which shot back, killing at least four of the attackers on Wednesday, security sources and state media said.
No one immediately claimed responsibility for the assault in the Mediterranean north of the port of Damietta, near the Suez Canal. The military has faced attacks from militants based in the Sinai Peninsula further east, and smugglers also operate in the area. Read more
NFF Elections: Appeal Committee Reserves Ruling For Today
The Nigeria Football Federation (NFF) electoral appeal committee sitting in Abuja, yesterday, reserved ruling on the petitions seeking to nullify the September 30 NFF’s elective congress that produced Amaju Pinnick-led NFF’s board. Read more
Nations Cup: Eagles to round off training today
The Super Eagles will round off its training on Thursday morning (today) for the must win Africa Cup of Nations qualifying match against Congo on Saturday.
The team is expected to leave for Congo this evening aboard a chartered flight. Read more
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