*FG kicks off sale of kerosene at N50 per litre* * Naira Falls To All-time Low at N202 to US Dollar*

*FG kicks off sale of kerosene at N50 per litre* * Naira Falls To All-time Low at N202 to US Dollar*

Sabinews Daily Morning News Update for January 24, 2015MORNING NEWS

 

National News

 

FG kicks off sale of kerosene at N50 per litre

The Federal Government, Friday, flagged off the sale of kerosene at the pump price of N50 per litre under the Kero-Direct–Scheme, a programme designed by Nigerian National Petroleum Corporation, NNPC, to make the commodity available for every household in the country.

The Group Managing Director of NNPC, Dr. Joseph Dawha, while speaking at the programme, admitted that driving the kero-direct programme would be quite challenging but assured that with unwavering support of government, the objectives will be achieved. Read more

CNPP asks Dasuki to apologise to Nigerians

The Conference of Nigerian Political Parties (CNPP) yesterday accused the National Security Adviser, Colonel Sambo Dasuki of plans to scuttle the February 14 elections alongside the Peoples Democratic Party (PDP).

Expressing outraged over the statement made by Dasuki at the London think-tank, Chatham House, calling for the postponement of the Feb 14 scheduled election, the CNPP asked the NSA to tender an unreserved apology to Nigerians. Read more

Namibia Welcomes 19 Volunteer Teachers from Nigeria

Namibia’s Ministry of Education welcomed on Thursday 19 Nigerian volunteer teachers to teach Mathematics, Physical Science, Biology and Agriculture for a period of two years, Namibia Press Agency (Nampa) reported.

A media statement issued by the ministry Thursday said the teachers will be sent to various schools in the regions of Kunene, Omusati, Oshana, the two Kavango regions, Hardap and Otjozondjupa. Read more

Sambo Inaugurates Railway Operation in Makurdi

In fulfilment of the federal government’s promise to Nigeria to revamp the railway system in the country, Vice President Namadi Sambo on Friday inaugurated five 68-passenger coach air-conditioned trains in Makurdi
Sambo explained that the inauguration of the trains was in fulfilment of President Goodluck Jonathan’s promise to revive the rail sector, adding that the sector remained an important area to economic growth of the nation. Read more

Jonathan in secret meeting with Olu of Warri, Oritsejafor

President Goodluck Jonathan yesterday evening had a secret meeting with Olu of Warri, Ogiame Atuwatse II and the National President of the Christian Association of Nigeria, CAN, Pastor Ayo Oritsejafor, in Warri, the commercial nerve of Delta State.

Sources at the meeting told Saturday Mirror that the meeting was not unconnected with next month’s general elections and the controversial Export Processing Zone, EPZ, sited in Ogidigben, Warri South West Area of the state. Read More

Shekau’s Threat Unites Chad, Niger, Cameroon against Terrorists

Obviously feeling the heat of the devastation of their contiguous territories by the Boko Haram terrorists and the recent threat by their leader, Abubakar Shekau, to unleash further mayhem on the countries of the Lake Chad basin, the Nigerian military and those of her hitherto reluctant neighbours have finally reached an agreement to push out the Islamists from their havens.

In a related development, the Nigerian military indicated on Friday that it would soon launch a major offensive against the terrorists in a determined bid to push them out of the strategic town of Baga, Borno State, which fell to Boko Haram two weeks ago. Read more

BAGA: Chad, Nigeria set for final attack on Boko Haram

Chad, Cameroun, Niger and Nigeria could be attacking Boko Haram the same time in a renewed effort to flush out the insurgents.

Saturday Vanguard gathered that many of the newly acquired weaponry included tanks, long range and more sophisticated rifles, night vision equipment both for artillery and tanks usage as well as aircraft. All will be employed in the attack on Boko Haram. Read more

Jonathan to campaign in Borno today

Two weeks after visiting the Boko Haram insurgency-ridden Maiduguri, Borno State, President Goodluck Jonathan will again visit the state to campaign for next month’s election.

His previous visit was to the soldiers serving in the state in commemoration with the Armed Forces Remembrance Day. Read more

UNICEF decries attack on Nigerian children

An executive director with the United Nations Children’s Fund, Mr. Anthony Lake, has raised the alarm on Boko Haram attacks targeting students and teachers in schools in northern Nigeria.

Lake said between 2013 and now, more than 200 teachers and 300 students had been killed in terrorist attacks in the north, while at least 338 schools had been destroyed. Read more

 

Economy

 

Naira Falls To All-time Low at N202 To US Dollar

The Naira exchanged at an all-time low of over N200 to the United States dollar yesterday, at the parallel market, after which the Central Bank of Nigeria (CBN) stopped, with immediate effect, sale of dollars (forex) through the Retail Dutch Auction System (RDAS) and interbank to Bureau De Change (BDC) operators.

In Lagos, BDCs were trading the naira at between N200 and N202 per one US dollar after the news of the circular became public. In Abuja the value hovered around N196 to N198 a dollar. Read more

CBN Raises BDCs’ Weekly Dollar Supply to $30,000, Stems Naira’s Free Fall

In line with its resolve to calm the strong volatility observed in the forex market in the past few weeks as well as save the naira from further depreciation, the Central Bank of Nigeria (CBN) has increased the weekly supply of dollars to bureau de change (BDC) operators from $15,000 per BDC, to $30,000 per BDC.

The banking sector regulator said the move was also part of measures to deepen the BDCs segment. The latest policy takes effect from the Wednesday, January 28th, 2015 auction. Read more

 

World News

 

Japan vows not to give up on 2 hostages till ‘the very end’

Japan promised Saturday not to give up “until the very end” on efforts to rescue two Japanese hostages threatened with beheading by Islamic militants demanding a $200 million ransom, after a deadline passed with no word from the captors.

Militants affiliated with the Islamic State group posted an online warning Friday afternoon that the “countdown has begun” for the extremists to kill 47-year-old Kenji Goto and 42-year-old Haruna Yukawa. The extremists gave Prime Minister Shinzo Abe 72 hours to pay the ransom, and the deadline expired Friday. Read more

Federal judge strikes down Alabama gay marriage ban

A federal judge struck down Alabama’s ban on gay marriage as unconstitutional on Friday, clearing the way for it to become the 37th state where gay marriage is legal.

Same-sex couples could be eligible to apply for marriage licenses as soon as clerks’ offices open on Saturday, gay rights groups said, after US district court Judge Callie Granade decided not to place a stay on her ruling. Read more

Businesses plan to reopen as Hawaii lava flow stalls

The leading edge of a lava flow from a volcano that threatened a commercial center on Hawaii’s Big Island appeared on Friday to have stalled again, prompting several businesses to make plans to reopen their doors.

The front of the flow, one of three fingers of lava approaching Pahoa Village from the Kilauea Volcano’s June 27 eruption, is less than half a mile (.8 km) from the main highway that connects more than 10,000 residents with the rest of Hawaii Island. Read more

Coal Production Drops in China for 1st Time in 14 Years

China recorded its first drop in coal production since 2000 last year, as the world’s biggest greenhouse gas emitter pulls back on its use of the fossil fuel and switches to cleaner energy sources.

According to the country’s national coal association, China produced 3.5 billion tons of coal in the first 11 months of 2014, 2.1 percent less than the same period in 2013. The association estimates the drop for the entire year will reach 2.5 percent. Read more

Iraqi Forces Retake Less Than 2% of IS Areas

Iraqi forces have regained just 270 of the 21,000 square miles controlled by Islamic State in six months, the Pentagon has said.

Efforts to train Iraqi troops and moderate Syrian rebels are moving forward, the US claimed – but so far less than 2% of militant territory has been regained. Read more

US woman jailed for plotting to aid Islamic State

A young Colorado woman has been sentenced to four years in jail after she pleaded guilty to trying to help the militant group Islamic State (IS).

Shannon Conley, a 19-year-old Muslim convert, was arrested in April while trying to board a flight to Turkey en route to Syria to marry an IS fighter. Read more

Blast in southern Philippine city kills 2, wounds 54

A powerful explosion killed at least two people and wounded 54 others in a southern Philippine port city that has been hit by similar blasts blamed on Muslim militants, police said Saturday.

The blast occurred at a bar across the street from a busy bus terminal in Zamboanga city, damaged nearby establishments and hitting the victims with flying glass and debris. One officer was among the wounded, police said. Read more

Paraguay Tries to Stop Execution of Woman in China

Rosalia Amarilla stepped into the international terminal of Beijing’s cavernous main airport on the afternoon of July 24, 2012, wearing more than 7 pounds (3 kilograms) of cocaine stuffed into her underwear and bra.

An acquaintance named Carlos had given the 31-year-old Paraguayan the drug-filled undergarments to wear in Sao Paulo, Brazil, before she boarded a flight to Doha, Qatar, and then Beijing. Security officials nabbed her before she could meet two Chinese waiting for her outside the airport. Read more

 

Sports

 

Coaches set for congress

The Nigerian Football Coaches Association congress has been scheduled to take place in Abuja on Tuesday.

According to the General Secretary of the association Solomon Ogbeide, coaches will meet at the Saint Anglican Guests House for the annual event. Read more

Badminton boss eyes Brazzaville 2015 glory

The Badminton Federation of Nigeria President Danlami Senchi has promised that the country will perform in the badminton event of the All Africa Games in Brazzaville, Congo in September, the News Agency of Nigeriareports.

Nigeria won three gold, one silver and five bronze at   the 2011 All Africa Games in Maputo, Mozambique to place second in the medals table behind South Africa. Read more

Rivers Angels celebrate Oshoala’s Liverpool move

Players and officials of Nigeria women’s league champions, Rivers Angels, have been voicing their excitement following the move of star striker Asisat Oshoala to English Women’s Super League champions, Liverpool Ladies.

Oshoala, who was voted the Most Valuable Player at the 2014 FIFA Under-20 Women’s World Cup in Canada, was also the top goal scorer as the Falconets finished runners-up to Germany. Read more

 

 

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