Sabinews Morning News Update for July 15, 2015
DSS grills NNPC director 11 times over swap deals
A director of the Nigerian National Petroleum Corporation has said that operatives of the Department of State Services have interrogated him 11 different times since May over crude oil swap deals with traders.
“The DSS has been harassing some of us,” the Group Executive Director, Refining and Petrochemicals, NNPC, Mr. Ian Udoh, was quoted as telling Reuters. Read more
Boko Haram Kills 25 Persons in Borno
Twenty-five persons were killed in a Boko Haram attack on Mainok, a town at the outskirts of Maiduguri on Monday night, a member of youth vigilance group, Kaka Ba’ana, told THISDAY on Tuesday.
Ba’ana said over a hundred Boko Haram militants stormed Mainok village in Konduga Local Government Area of Borno State on Monday at about 5:30p.m. opening fire on civilians, killing at least 25 helpless persons in the attack that lasted about four hours. Read more
NCC to slam N10m fine on service providers
Nigerian Communications Commission (NCC) would impose N10 million fine on any service provider that violates its guidelines on promotion of adverts in the telecoms networks.
Executive Vice Chairman of NCC, Eugene Juwah, disclosed this on Tuesday at the public inquiries on the draft enforcement processes/procedures, regulations and SIM replacement guidelines held in Abuja. Read more
FG extends Manitoba contract, disregards labour’s threat
The Federal Government yesterday extended the management contract of the Transmission Company of Nigeria (TCN) with Manitoba Hydro International (MHI) Limited of Canada, for the next one year, in deference to threats issued by electricity workers.
With the new agreement, Manitoba’s contract is now to expire on July 31, 2016. The extension follows a three-year management contract, which was signed in 2012 and scheduled to terminate on July 31, 2015. Read more
Pension arrears: Imo pensioners give Okorocha 14-day ultimatum
Nigeria Union of Pensioners (NUP), Imo State chapter yesterday gave the state government a 14-day ultimatum to pay the pension arrears owed its members in the state or face its wrath.
Speaking during a press conference in Owerri, the state capital, Chairman of the union in the state, Chief Gideon Ezeji, said if the government failed to pay the arrears by July 27, the union would take undisclosed further actions. Read more
Retired Generals Jostle For Civil Defence Top Job
Nigeria’s seat of power, Aso Villa, has known little peace since the official declaration of President Muhammadu Buhari as the winner of the March 28 presidential election, with retired Army, Navy and Police chiefs turning the Villa to a Mecca of sorts, seeking to succeed incumbent commandant-general of the Nigeria Security and Civil Defence Corps (NSCDC), Prof Ade Abolurin. Read more
Shettima: Appointing Two Borno Sons Means Now or Never for Boko Haram
Governor Kashim Shettima of Borno State has described the appointment of two citizens of the state as security chiefs by President Muhammadu Buhari as one of the happiest moments in his lifetime, declaring that the fight to overcome insurgents “is now or never.”
He said with the duo, Nigeria now has the best of chances to overcome the challenges of insurgency facing it since 2009. Read more
Cancelled PDP Kogi Congresses to Hold Next Tuesday
The Peoples Democratic Party (PDP) ward congresses in Kogi State earlier scheduled for July 14 have been scheduled for next week.
The party’s National Working Committee (NWC) had on July 1, cancelled the delegates ward congresses held on June 27 in the state because “the participation of a ‘local organising committee’ which is unknown to the constitution of the party and the guidelines marred the congresses.” Read more
Police arrest 15 secondary school cultists in Ebonyi
Ebonyi State Police command yesterday arrested 15 secondary school cultists at the point of initiation in Izzi Local Government Area of the state.
The policemen in the area foiled the initiation of 46 graduating students of a popular mission school (name withheld) in the council area out of which 15 students were arrested while others fled into the bush. Read more
PMB Can’t Clean Up PDP’s 16 Years Mess In 30 Days – Tinubu
President Muhammadu Buhari last night implored members of the All Progressives Congress (APC) to forgo their differences as well as their power of influence in the interest of the country and the party.
He said for the party to achieve its manifestos of addressing issues of security, economy, employment and corruption, such sacrifice was necessary. Read more
Saraki: My Comment on Service Chiefs was Misinterpreted
A tweet by Senate President Bukola Saraki that the appointment of service chiefs was the exclusive preserve of President Muhammadu Buhari generated huge controversies across the polity for the better part of Tuesday.
Saraki had on his tweeter handle on Monday evening remarked that “the appointment of service chiefs was the exclusive function of Mr. President. Senate can only approve ministerial, parastatals etc.” Read more
Diversify forex earnings, bank chief urges govt
The Executive Director, Treasury and International Banking, UBA Plc, Femi Olaloku, has called on the Federal and state governments to diversify the productive bases and foreign exchange (Forex) earnings of the economy.
This, he said, would enable the economy overcome the challenges brought about by dwindling revenues from crude oil sales. Olaloku made the call while speaking as one of the panel discussants during the Banking and Oil industry Forum in Lagos. Read more
NLNG pays $1.6bn tax to govt
Nigeria Liquefied Natural Gas Company Limited, NLNG – a joint venture between the government and foreign oil majors, has generated some $85 billion from exports of liquefied natural gas, LNG, since its inception 15 years ago.
It has also paid billions of dollars to the state in tax, according to the managing director of the company, Mr. Babs Omotowa. Read more
PINE, Lafarge to invest $100m on job creation
Presidential Initiative for the North East, PINE, has concluded arrangements with Lafarge, owners of Ashaka Cement in Gombe State, to invest about $100 million to create jobs and alleviate poverty caused by activities of Boko Haram sect in the region.
This was disclosed yesterday by the Secretary of PINE, Mallam Umar Gulani, who was in Maiduguri, the Borno State capital, with his team to distribute relief materials to victims of insurgency in the state. Read more
IMF Urges Nigeria to Embrace Fiscal Policy Rebalancing to Boost Growth
The International Monetary Fund (IMF) has stated Nigeria and other emerging economies must prioritise their spending and embrace tax reform in order to survive the current economic challenges.
The IMF made this known in its latest World Economic Outlook (WEO), entitled, “Slower Growth in Emerging Markets, a Gradual Pickup in Advanced Economies.” Read more
56% of Ebonyi people are financially excluded – CBN
The Central Bank of Nigeria (CBN) yesterday raised the alarm that about 56 per cent of Ebonyi State population was financially excluded from financial services and bank transactions in the South-East geopolitical zone.
According to the CBN survey, Ebonyi State has the highest financial exclusion rate in the South Eastern states with 56 per cent, Enugu State 24 per cent; Imo, 23 per cent, while Anambra and Abia states have 18 per cent respectively. Read more
BDC operators accuse apex bank of overregulation
The Association of Bureau De Change Operators of Nigeria (ABCON) has sent a strong worded letter to the Central Bank of Nigeria (CBN) accusing the regulator of over-regulating the sector.
ABCON National President Alhaji Aminu Gwadabe said the increasing challenges arising from over regulation and complex documentation requirements that licensed BDC operators face in their daily legitimate operation are worrisome. Read more
Oil and Gas
PENGASSAN cautions Buhari on sale of local refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, says it still maintains strong objection to the privatisation of the state-owned refineries in Warri, Kaduna and Port Harcourt.
According to the union, the existence of state-owned refineries was in keeping with the Organisation of the Petroleum Exporting Countries, OPEC’s, principle that member countries should hold good grip of the commanding height of their economy. Read more
Nigeria, Angola, others eye Venezuelan crude
Nigeria, Algeria, Angola and Iran are interested in blending their light oil with Venezuela’s heavy crude to get a better price, according to the president of Venezuelan state oil company PDVSA, Eulogio Del Pino.
Making the revelation during a two-day official visit to New Delhi, he said it began talks in April on a novel plan to blend the country’s heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies. Read more
Toriola, Quadri lead Team Nigeria to ITTF Cup in Cameroon
Six-time Olympian, Segun Toriola and 2014 ITTF Star Player, Aruna Quadri will spearhead Nigeria’s quest for the title at the 2015 ITTF Africa Senior Cup holding in Yaounde, Cameroon.
The tournament serves as qualifiers for the ITTF Men and Women World Cups holding later in the year. Read more
Wikki Set To Break Pillars Home Jinx
Wikki Tourists of Bauchi coach, Abdul Maikabi and the captain, Mustapha Ibrahim have said that it would be payback time at Nigerian champions, Kano Pillars as they clash in one of the Week 18 fixtures today.
The Bauchi side will be the guests of Pillars in today’s Nigeria Professional Football League (NPFL)/Glo Premier League at the Sani Abacha Stadium in Kano. Read more
Uncertainties Surround Oliseh’s Unveiling
Uncertainties surround the unveiling of Sunday Oliseh, who arrived Abuja on Tuesday, as Super Eagles Head Coach.
The National Sports Commission (NSC) insists due process must be followed in line with relevant procurement laws. Read more
Anyone wearing ‘burka’ veil faces arrest in Chad following Boko Haram suicide attack
Authorities in the African nation of Chad have issued a warning that anyone caught wearing a full face veil or “burka” will be immediately arrested following the latest suicide bombing carried out by a fighter from Boko Haram disguised as a woman donning the Muslim garment.
The warning was issued after the attack in the capital of N’Djamena killed at least 15 people and injured 80 others, Fox News reported. Read more
Ugandan film screens at US festival
If you want to know some of the challenges that come with being gay in Uganda, then you have to watch filmmaker Hassan Kamoga’s Outed: The Painful Reality.
The film is inspired by real life events that followed a publication by Rolling Stone, a Ugandan tabloid that took upon the role of naming and shaming suspected gay Ugandans. Read more
Funeral held for Tunisia beach massacre couple
Former Birmingham City Football Club player Denis Thwaites, 70, and his wife Elaine, 69, from Blackpool, Lancashire, were among the 30 British holidaymakers killed in last month’s terrorist attack in the resort of Sousse.
Mr Thwaites, who was born in Stockton-on-Tees, played for Birmingham City from 1962 to 1972 after joining the club as an amateur in 1960. Read more
Students riot over syllabus
A group of form four students at Likoni Secondary School on Monday went on strike over delayed syllabus completion ahead of the KCSE exam.
They stormed out of an examination room and started pelting stones at other students and teachers. Read more
Westgate mall reopens for business on Saturday
Governor Evans Kidero yesterday asked city residents to turn up in large numbers and shop at the refurbished Westgate Mall when it reopens on Saturday.
The mall will reopen after 22 months since the attacked by al Shabaab militia on September 21, 2013. Some 69 people were killed and scores injured in the attack. Read more
Ethiopia: UN backed conference intends to wipe-out poverty by 2030
The third International conference on financing for Development kicks off on Monday here in the Ethiopian capital, Addis Ababa .
Being held for the first time in Africa, the conference has attracted over 5,000 high-level political representatives, including some 50 Heads of State and government delegates. Read more
Six Britons ‘to be deported’ from northern China
The UK Foreign Office in Beijing has told the BBC it understands six British citizens held in northern China “will be deported soon”.
They are among 11 Britons, including two with dual British-South African nationality, who have been arrested. It is not clear why they are being held. Read more
North Koreans turn to squid to compensate for drought
With North Korea in the midst of a severe drought, residents are rushing to the East Sea to catch squid. News of the profits available has spread rapidly, spurring a growth in seasonal jobs and a huge increase in the the price of housing along the country’s coast.
“The areas on the East Sea are bustling with people from all over the country,” said a source from South Hamkyung Province on the eastern seaboard. “There are so many people seeking lodging in these areas that fishing villages and towns around piers have seen their rental fees increase to five times the going rate.” Read more
Tony Abbott says Indonesia’s 80% reduction in cattle imports ‘a one-off’
The prime minister, Tony Abbott, has moved to reassure Australia’s live cattle industry that a sharp reduction in intake by Indonesia is just a blip and that exports will pick up again soon.
On Tuesday it was revealed that Indonesia has moved to reduce the quota of Australian cattle by 80%, dropping from 250,000 last quarter to just 50,000 in the July quarter. Read more
Japan security bills approved by lower house committee
Legislation to implement a dramatic change in Japanese defence policy that could allow troops to fight abroad for the first time since World War Two was approved by a lower house panel on Wednesday, despite opposition from a majority of ordinary voters. Read more
China’s Economic Growth Remains Steady at 7%
China’s economic growth in the latest quarter held steady at 7 percent, its lowest level since the global crisis, but retail sales and factory output in June improved.
The figure reported Wednesday was slightly above forecasts and came as the ruling Communist Party is struggling to reverse a stock market plunge that threatens to disrupt its economic reform plans. Read more
Polish cow Matylda captured after two years on the run
The cow that escaped from her Polish farm two years ago and lived a free range life in a nearby forest has finally been caught.
Owner Leszek Zasada spoke about his adventure with the brown cow in a story broadcast Tuesday by the all-news station TVN24. Read more
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