FG to Take over Expansion of Lagos-Badagry Road
The federal government is set to take over the reconstruction and expansion of the Lagos-Badagry Expressway, the Minister of Works, Mr. Mike Onolememen, said yesterday.
Onolememen said this in Lagos during a slide presentation of work on the Oshodi-Apapa Expressway by Julius Berger Plc. Read more
Soldiers On Death Row Moved To Kainji, Lagos
The 12 soldiers condemned to death by a military court-martial have been moved to military facilities in Kainji in Niger State and Lagos.
A reliable source said that the soldiers had been moved to an underground cell at the military intelligence Headquarters in Apapa, Lagos State. Read more
Education ministry, unity schools shut over unpaid allowances
Government activities at the headquarters of the Federal Ministry of Education were paralyzed on Monday by the indefinite strike declared by the Association of Senior Civil Servants of Nigeria over unpaid allowances estimated at N1.8 billion.
The 104 Federal Government Colleges, otherwise called Unity Schools, have also been shut nationwide by the aggrieved staff union. Read more
Stakeholders call on FG to end insurgency
Stakeholders at the peace Ambassadors Foundation and the Youth Federation for World Peace have called on the Federal government to develop political will in tackling the insecurity bedeviling Nigeria.
The stakeholders in an 11-point communiqué issued at the end of a one-day workshop to mark World Peace Day held at the NLC secretariat Maiduguri, also called on the Federal Government to set a panel of inquiry to investigate and prosecute the alleged sponsors of Boko Haram Insurgency in the North, as nobody is above the law. Read more
Cool FM’s 16th anniversary bash holds Oct. 1
Cool FM 96.9 is rolling out the drums to celebrate its 16th anniversary in grand style. According to a statement from the platform, the celebrations will be marked with a flurry of activities in a week long activities, which will include a football friendly match between OAPs and fans and a cinema hangout session with OAPs, guests and fans at the Genesis Cinemas.
Among others the event would also include an exclusive party hosting employees, guests and fans at Rhapsody’s, Victoria Island, Lagos. Read more
Sabinews News Update on Economy
Nigeria’s economic reform agenda loses steam as elections loom
As Nigeria’s President Goodluck Jonathan moves to seek re-election in five months, his reform agenda pursued for the past four years is gradually losing steam.
While Jonathan who was recently named as sole candidate for the People’s Democratic Party (PDP) in next year’s presidential election has already attained some goals since launching the transformation agenda in 2010, achievements have fallen short of expectation in most other areas. Read more
Skye Bank seeks more brand equity, to engage PR firm
Skye Bank plc is moving away from group of banks that heavily rely on internal public relations team for image building, as the bank is about concluding its pitch towards engaging a public relations outfit on a new branding journey.
The bank is yet to announce the winner of the months-long pitch where top PR agencies participated to control the account, according to a source in the banking industry. Read more
Heritage Bank affirms 20% payment for Enterprise Bank
Heritage Bank Limited has affirmed the payment of 20 per cent initial deposit of the N56 billion it bidded for the acquisition of Enterprise Bank Limited, beating the September 23 deadline.
According to the bank, the next hurdle, which it expressed confidence of scaling, would be the remaining 80 per cent, totaling over N44 billion, slated for October 13. Read more
Banks refund over N17b to customers
The authorities of the Central Bank of Nigeria, CBN have asked customers to remain enlightened over their rights as bank customers and should channel their complaints appropriately.
As at August 2014, the CBN has been able to get banks to refund over N17 billion to customers for either wrongful or excess charge. Read more
Sabinews News Update on Oil and Gas
Russia Seeking Alternatives to Boost Oil and Gas Production
EIA data shows that Russia was the world’s largest producer of crude oil (including lease condensate) and the world’s second-largest producer of dry natural gas in 2013. In 2013, production of crude oil and lease condensate grew by 1.3%, and production of dry natural gas grew by 2.1%.
Most of Russia’s crude oil and natural gas production occurs in West Siberia, a part of central Russia that stretches from the northern border of Kazakhstan to the Arctic Ocean. Read more
2 Suspects in Deaths of Israeli Teens Killed, Israel Says
An Israeli army spokesman says two Palestinians suspected in the fatal abduction of three Israeli teens in June have been killed in a shootout with Israeli forces. Lt. Col. Peter Lerner says the suspects were killed in the West Bank on Tuesday.
The teens’ abduction in the West Bank sparked a massive manhunt, leading to the arrest of hundreds of activists of the Islamic militant group Hamas and eventually sparking the summer war in Gaza. The bodies of the three Israelis were found three weeks later and a suspected mastermind was arrested. But the two main suspects believed to have abducted and killed the teens had remained fugitives. Lerner says the two, Marwan Qawasmeh and Amer Abu Aisheh, were killed in the shootout. Hamas had claimed responsibility for the abduction. Read more
IS-linked group threatens to kill French hostage in Algeria
An Algerian group linked to Islamic State jihadists threatened to kill a French hostage within 24 hours unless Paris halts air strikes on the IS in Iraq, in a video posted yesterday.
Jund al-Khilifa (Soldiers of the Caliphate), which has pledged allegiance to IS, said in the video that it carried out Sunday’s kidnapping of the Frenchman in a mountainous region of eastern Algeria where al-Qaeda is active. Read more
Arab Bank found liable over Hamas attacks
A US jury on Monday found Arab Bank Plc liable for providing material support to Hamas, and said it must compensate victims of two dozen attacks the Islamic militant group was suspected of carrying out in Israel and the Palestinian territories.
Jurors needed less than two days of deliberations to reach their verdict after a six-week trial in Brooklyn federal court that lawyers described as the first terrorism financing civil case to reach trial in the United States. Read more
Air strikes in Syria kill, wound tens of Islamic State fighters-monitor
Tens of Islamic State fighters were killed or wounded in air strikes on the Syrian city of Raqqa and surrounding areas, a group that tracks the war said on Tuesday.
“There are tens of wounded and dead,” Rami Abdulrahman, head of the Syrian Observatory for Human Rights, told Reuters by phone. The Observatory gathers information from a network of activists on the ground. Read more
Cameron to urge Iran to help tackle Islamic State
Prime Minister David Cameron is to meet the president of Iran to urge him to join an international effort to tackle the Islamic State terror group and drop his country’s support for the Assad regime in Syria.
The meeting with Hassan Rouhani, at a crucial United Nations summit in New York, will be the first time a British prime minister has held face-to-face bilateral talks with an Iranian president since the country’s Islamic revolution in 1979. Read more
Sabinews News Update on Energy
NERC to develop business continuity regulations for electricity market
Nigerian Electricity Regulatory Commission (NERC) said it has set up a committee to work with the Central Bank of Nigeria (CBN), to develop business continuity regulations that would protect the electricity market from collapsing.
This was disclosed by the Deputy Manager, Market Competition, Shittima Abdulkadir in a presentation at the Capacity Building workshop for Energy Correspondents titled: “The Transitional Electricity Market (TEM), Issues and Challenges.” Read more
Ibadan Electricity Company Says Providing Adequate Power Is Priority
The Ibadan Electricity Distribution Company (IBEDC) say it is taking giant strides to provide adequate and stable power supply in all the four states and three territories covering 22 business units under it.
The company said the efforts were aimed at positioning it as a unique brand with a clear edge in global competitiveness. Read more
Sabinews News Update on Sports
Help awaits Eagles in the wings
Nigeria will continue her quest for a place at next years Caf/Orange African Cup of Nations with a double header against the Sudanese national team in October .
The Super Eagles haven’t had the brightest of starts in the series so far. A humbling 3-2 defeat to the Red Devils of Congo on that forgettable evening in Calabar was followed by a drab goalless draw against Bafana Bafana five days later in Cape Town. Read more