*FG officially stops petrol subsidy* *Subsidy removal: NLC calls NEC meeting*

*FG officially stops petrol subsidy* *Subsidy removal: NLC calls NEC meeting*

Sabinews Morning News Update for January 3, 2016

FG officially stops petrol subsidy

The Federal Government has officially ended the subsidy on premium motor spirit, popularly known as petrol. The latest Petroleum Products Pricing template, issued by the Petroleum Products Pricing Regulatory Agency does not contain the usual subsidy component.

The PPPRA is the government agency that regulates the prices of petroleum products in the country and its template has always offered insights into how the pricing of these products are determined by the regulators. Read more

Subsidy removal: NLC calls NEC meeting

Nigeria Labour Congress has called a National Executive Committee meeting over the removal of fuel subsidy.

On Saturday, subsidy was officially removed from the template of the Nigerian National Petroleum Corporation. Read more

CJN unhappy over conflicting decisions by Appeal Court Divisions

The Chief Justice of Nigeria, Justice Mahmud Mohammed, is not happy at alleged inconsistent decisions of the nation’s courts especially on election petitions.

The CJN is said to have taken note of   public complaints about contradicting decisions, particularly by divisions of the Court of Appeal, and fears the situation is capable of eroding public confidence in the Judiciary. Read more

Navy arrests 16 crude oil thieves in Delta

Officials of the Nigerian Navy on Friday in Oteghale community, Warri-South Local Government Area of Delta State uncovered a hideout of crude oil thieves and arrested 16 suspects.

Flag Officer Commanding, Central Naval Command, Rear Admiral Augustine Suleman, who confirmed the development, said the arrest of the suspects was made possible via a tip-off. Read more

Shi’ittes claims fresh killing of member in military detention

The  Ibraheem Elzakzaky-led  Islamic Movement (IMN) alleged yesterday that another member of the sect had been shot dead in military custody.

Abbas Isiyaku was allegedly shot and denied medical attention yesterday by his captors. Read more

Ooni unveils plans for youth in sports, tourism

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi,  has dedicated the New Year to youths with a promise to engage three thousand of them at the ongoing construction of a Tourist Resort in the ancient town.

In a statement by his Director of Media and Public Affairs, Moses Olafare, the monarch said that his plan for 2016 was to turn around the fortune of the youths. Read more

18 AAUA graduates get automatic employment

Eighteen graduands of the Adekunle Ajasin University, Akungba-Akoko (AAUA) in Ondo State who bagged first class degrees in the 2013/2014 academic session have been offered automatic employment into the state civil service.

The state governor, Dr. Olusegun Mimiko, disclosed this at the sixth convocation ceremony of the institution. Read more

Protests trail Appeal Court judgment on Abia gov seat

Over 1000 protesters from Aba South Senatorial District on Saturday morning took to the Federal Expressway linking other South East and South-South states to Aba in protest against the sack of Governor Okezie Ikpeazu of Abia State.

The Court of Appeal sitting in Owerri, the Imo State capital on Thursday, ordered the inauguration of Dr. Alex Otti of the All Progressives Grand Alliance (APGA) as the validly elected governor of the state. Read more

EFCC begins phase two of $2.1b arms deal probe

A second round of investigation into the $2.1billion arms deals is to be commenced by the Economic and Financial Crimes Commission(EFCC) tomorrow.

Top of the probe agenda is how the Jonathan Administration spent   €3,654,121million. Read more

Suspected human trafficker arrested with 39 kids

middle age man iden­tified as Malam Awal Saleh has been ar­rested by security agents in Akwanga Local Government Area of Nasarawa state for alleged trafficking of 39 chil­dren.

The suspect, Malam Saleh who hails from Takai Local Government Area of Kano State was arrested while try­ing to take the children to an uncompleted building along Wamba road Akwanga. Read more

New year tragedy: Man hacks step-mother to death in Enugu

Pandemonium broke out in the agrarian community of Umuenem,Ezinesi-Oduma in Aninri Local Government Area of Enugu State following the killing of Bennedeth Anyim, allegedly with  an axe during her intervention to quell a fight that erupted between two belligerent siblings.

The suspect, Friday Anyim, was said to have engaged the elder sister, Abigail Anyim, in an argument over the sale of a water tank to enable him (Friday) raise money for the purchase of a motorcycle, popularly known as Okada, for commercial purpose. Read more

NCC: 700MHz Spectrum Shouldn’t Have Been Sold to MTN

Following the controversy trailing last year’s sale of the country’s 700MHz Spectrum for N34 billion to MTN Nigeria by the National Broadcasting Commission (NBC), the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, has said the spectrum should not have been sold by NBC because it is a telecommunication spectrum that is very important for broadband deployment.

He however said the commission would not join issues with the NBC over the sale of the spectrum, but rather allow the Frequency Management Council to handle the issue. Read more

NSE: Domestic Investors Conceded 13.62% of Trading to Foreign Investors in Nov 2015

As investors in the Nigerian capital market re-strategise in the new year, the Nigerian Stock Exchange has said domestic investors conceded about 13.62 per cent of trading to foreign investors in the month of November last year; compared to the 1.46 per cent they conceded in the month of October 2015.

Consequently, domestic transactions decreased from 49.27 per cent to 43.19 per cent, while foreign portfolio investment transactions increased from 50.73 per cent to 56.81 per cent over the same period. Read more

I’m going no where, says Ighalo

Nigeria international Odion Ighalo has ruled out the possibility of departing Watford in the January transfer window.

The 26-year-old has been in fine fettle this season, bagging 14 goals and two assists in 19 Premier League appearances for the Hornets. Read more

Arsenal extends EPL lead

French inter­national, Lau­rent Koscienly struck home in the 72nd minute as Arsenal continued their title charge with a 1-0 victory over NewCastle United at the Emirates Sta­dium.

Arsenal were well below their best , until defender came to their rescue thus send­ing the Gunners two points clear of Leices­ter at the top of the Premier League table. Read more

Eagles meet Oliseh in SA

The Super Eagles ‘B’ team arrived South Africa yesterday and met up with coach Sunday Oliseh in Cape Town, officials have disclosed.

Ailing Oliseh was not part of the Eagles training camp in Abuja, but has now arrived South Africa for the final leg of the team’s build-up for the CHAN in Rwanda. Read more

World News

Egyptian Army Kills Over 40 Extremists in Northern Sinai

Egypt’s Air Force aircraft attacked on Saturday a group of militants affiliated with Islamic State (ISIL, or Daesh in the Arab world) extremist group in the north of Sinai Peninsula, killing more than 40 terrorists, local media reported, citing sources in the country’s army, APA reports quoting Sputnik.

Moreover, 15 extremists from the Wilayat Sinai (Sinai Province) militant group got injuries, the Al-Masry Al-Youm newspaper said. Read more

US ‘disappointed’ with Kagame’s decision to run for third term in Rwanda

The United States expressed dissatisfaction on Saturday with Rwandan President Paul Kagame’s intention to run for a third presidential term.

“President Kagame ignores a historic opportunity to reinforce and solidify the democratic institutions,” State Department spokesman John Kirby said in a statement. “Constitutional transitions of power are essential for strong democracies, and … efforts by incumbents to change rules to stay in power weaken democratic institutions.” Read more

Chris Brown under investigation for battery in Las Vegas -police

Singer Chris Brown was under investigation by Las Vegas police on Saturday for possible battery on a woman, authorities said, in a case that comes nearly seven years after his notorious arrest for beating then-girlfriend Rihanna.

A spokeswoman for the singer strongly denied the accusation. Read more

China rejects Vietnam protest over sea flight test

China rejected a protest from Vietnam over a flight test it has conducted on a new airstrip on a man-made island in the South China Sea, saying it is part of China’s territory.

The Chinese Foreign Ministry said Saturday it conducted a civil flight test on the newly built airstrip on Fiery Cross Reef in the Spratly Islands, a chain of islets rich in natural resources that are the focal point of rival claims by neighboring governments. Read more

U.N. chief ‘deeply dismayed’ by Saudi executions, calls for restraint

United Nations Secretary-General Ban Ki-moon said on Saturday he was “deeply dismayed” by the execution of a prominent Shi’ite Muslim cleric and 46 other people in Saudi Arabia and called for calm and restraint.

Saudi Arabia executed cleric Nimr al-Nimr and dozens of al Qaeda members on Saturday, signaling it would not tolerate attacks, whether by Sunni jihadists or minority Shi’ites. The executions stirred sectarian anger across the Middle East. Read more

Australian and Chinese nationals die while on holiday in Thailand, say police

Australian foreign affairs officials have said they are seeking official confirmation that an Australian has died while swimming in Thailand.

Thai police said two foreign tourists, from China and Australia, died in separate swimming accidents at the southern Thai resort island of Koh Samui. Read more

 

 

 

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