March 23, 2019

*IMF urges Nigeria to devalue naira* *DHQ: No mercenaries for fight against Boko Haram*

*IMF urges Nigeria to devalue naira* *DHQ: No mercenaries for fight against Boko Haram*

Sabinews Morning News Update for October 23, 2015

IMF urges Nigeria to devalue naira

The IMF is pressing Nigeria to further devalue its currency amid uncertainty over the political and economic outlook for Africa’s biggest oil producer and economy a news agency has reported. The report quoted Antoinette Sayeh, the International Monetary Fund’s Africa Director who had alleged that restrictions placed on 41 items access to foreign exchange was “quite detrimental saying that in Nigerians they “are already making it harder for the average person to buy milk,” at the IMF annual meeting that ended in Peru two weeks ago. Read more

National News                             

DHQ: No mercenaries for fight against Boko Haram

Nigeria does not need mercenaries in its fight against Boko Haram, the Defence Headquarters (DHQ) said yesterday.

The country has the capacity to handle the insurgents on its own, Acting Director of Defence Information (DDI) Col. Rabe Abubakar said. Read more

Armed Robbers Attack Motorists Unhindered in Lagos Traffic

A gang of robbers numbering over 10 on Thursday stormed the bridge linking Costain and Eko Bridge and dispossessed motorists stuck in traffic of their money and valuables.

Armed with pistols, knives and cutlasses, the gang held the helpless motorists stuck in traffic hostage for over 15 minutes and had a field day robbing them. Read more

Work to Resume at Owerri Airport Cargo Terminal

Work will soon resume on the cargo terminal project at the Sam Mbakwe International Cargo Airport, Owerri, to facilitate the commencement of international air cargo operations, Permanent Secretary, Ministry of Aviation, Hajia Binta Adamu Bello has said.

Conducting the Governor of Imo State, Owelle Rochas Okorocha, on inspection of the project site in Owerri recently, Bello said, when it becomes operational, the facility would boost economic activities in the South East geo-political zone of the country and other surrounding states. Read more

Police Rescue 12 Girls From Suspected Woman Human Trafficker

Jigawa State police command has arrested one woman, Hajiya Ladi Dahiru, suspected to be a human trafficker in Kazaure local government area of the State.

The command has also rescued 12 girls, with ages ranging from 9-13, from the suspected human trafficker on her way to transporting them to Kaduna State for trafficking. Read more

EFCC Arraigns 2 Businessmen For Money Laundering

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned two businessmen, Linus Chibuike and Nnamdi Ojukwu before a Federal High Court in Lagos on a one-count charge of laundering the sum of $5.4 million.

The men were arrested by officers of the Nigeria Custom Service, (NCS) at the Murtala Mohammed International Airport in Lagos on October 8 during the outbound clearance of passengers on board a flight to China. Read more

WHO to Present Certificate Delisting Nigeria from Polio-endemic Countries

All is now set for Nigeria to be officially certified as a non-endemic polio country. This will place Nigeria at the verge of eradicating polio as the World Health Organisation (WHO) is set to formally pronounce the delisting of Nigeria as a polio-endemic country before President Muhammadu Buhari.

The announcement a couple of weeks at the 70th United Nations conference in New York, United States, heralded the official move to delist Nigeria from polio- endemic countries alongside Afghanistan and Pakistan. Read more

300 Students of Federal Govt College Ekiti Infected with Cholera

No fewer than 300 students of the Federal Government Girls’ College in Efon Alaaye, Ekiti State, have been hospitalised over an outbreak of a disease suspected to be cholera epidemic in the school.

The development had triggered serious panic across the state, as parents whose wards are in the school rushed in droves to identify the victims. Read more

800,000 commit suicide from depression annually—DON

A professor of psychiatry, Joseph Adeyemi, has said that no fewer than 800,000 people commit suicide yearly due to depression, yet policies on mental challenges remain archaic.

Professor Adeyemi, who spoke in Lagos at the presentation of the book Shadows in the Mirror: the Many Faces of Depression, written by Dr. Vivian Ikem, said the Mental Health Act, enacted in the 1900s, was last reviewed in 1959 despite medical improvements made over the years. Read more

Nine Suspected Oil Thieves Arrested in Delta

Nine suspects have been arrested by security operatives while allegedly trying to steal crude oil from pipeline belonging to a Delta State-based indigenous oil company.

Operatives of the Joint Task Force, Operation Pulo Shield, (OPPS) apprehended the suspects in an operation in Ughelli area of Delta State. Read more

Dogara Names 96 House Committees

The Speaker, House of Representatives, Yakubu Dogara, yesterday constituted 96 Standing Committees to oversight various ministries, departments and agencies (MDAs) of government.

Dogara, who announced the composition of the committees and their chairmen at plenary, did not allow any comment as he called for adjournment after the announcement. Read more

FG Arraigns Kuje, Nyanya Bomb Blasts’ Suspects

The federal government yesterday in Abuja arraigned five suspected members of the Boko Haram sect who allegedly bombed Nyanya and Kuje areas of Abuja on October 2. About 20 persons died and several others injured in the attack.

The accused persons, Abdulazeez Muhazab, Ishaka Salihu, Mohammed Jimoh, Abdulwaheed Nasiru and Abdullahi Nasiru were put on trial on a five-count terrorism related charges at the Federal High Court in Abuja. Read more

PMB Seeks Senate Confirmation Of INEC Boss, Oyo-Ita Takes Over As HoS

President Muhammadu Buhari yesterday sent a letter to the Senate President, Bukola Saraki requesting for the confirmation of appointment of Prof. Mahmud Yakubu as the new chairman of Independent National Electoral Commission, INEC, for a first term of five years.

He also requested for the confirmation of INEC national commissioners, including the acting chairman of the commission, Mrs. Amina Bala Zakari from Jigawa State representing North West; Mr. Solomon Adedeji Soyebi from Ogun State (South West) and Dr. Anthonia Okoosi-Simbine (North East). Read more


FAAN Poised to Generate N70 Billion Revenue Annually

If all loopholes are closed and revenue systems automated, the Federal Airports Authority of Nigeria (FAAN) can increase its annual revenues from the present N45 billion to about N70 billion, THISDAY checks have revealed.

With the huge revenue generation, the agency, according to sources, can effectively and efficiently carry out major developmental projects without seeking funds from the federal government. Read more

Shipping Firm Seeks Review of Offshore Support Vessels Contracts

A wholly owned Nigerian shipping firm, Slok Nigeria Limited, has called for a review of all offshore support vessels (OSVs) contracts in the country.

The company expressed dismay that some of its platform supply vessels, which were built in 2012 and 2013 namely MV Neya III, MV Eunice III and MV Neso II, are currently off-hire due to the unlawful trend. Read more

Central Bank defends monetary policies

The Central Bank of Nigeria (CBN) has risen in defence of its monetary policies It said the restriction it placed on the access to the Foreign Exchange (FOREX) market for goods classified as finished products was done in best national interest.

According to the apex bank, no amount of pressure would force it to carry out a premature review of its position on FOREX. Read more

Oil and Gas

World Bank Revises Oil Price Forecast to $52

The World Bank has said it is lowering its 2015 forecast for crude oil prices from 57 dollars per barrel in its July report to 52 dollars per barrel.

This is according to the bank’s new Commodity Markets Outlook, a quarterly update on the state of the international commodity markets. Read more

Buhari hails NNPC, Agip, Oando on agric programme

President Muhammadu Buhari has praised the Nigeria Agip Oil Company (NAOC)  and its partners, Nigerian National Petroleum Corporation (NNPC) and Oando, for the Green River Project (GRP) which has covered over 120 rural communities and empowered over 35,000 farmers. GRP is the firm’s agric intervention project.

In an audio-visual message to an agricultural exhibition and Farmers’ Day, organised by NAOC, Buhari explained that the company’s GRP had become more important “now that oil has ceased to be the nation’s cash cow. We have no option, but to turn to agriculture. Diversification of our economy is no longer something to pay lip service to,” he said. Read more

91 firms bid for NNPC crude oil freight contract

The Nigerian National Petroleum Corporation (NNPC) yesterday announced that 91 companies have bided to secure contracts for the provision of Coastal and Bunkering Vessel Services for lifting and delivering of its crude oil.

Group Managing Director of NNPC, Dr. Ibe Kachikwu, while declaring the bid exercise open, explained that the technical bids by the 91 companies consist largely of indigenous vessel owners. Read more


Oliseh Flown to Belgium for Medical Treatment

Super Eagles Head Coach, Sunday Oliseh, was flown to Belgium for treatment after his health condition worsened yesterday.

According to a tweet by the Nigeria Football Federation (NFF), via its Twitter handle, @thenff, the former Nigeria captain, became dizzy and weak after lunch yesterday, and so had to be flown abroad last night through the Port Harcourt Airport. Read more

Adamu Dares FIFA Ethics Committee

Former executive committee member of the Federation of International Football Associations (FIFA), Dr Amos Adamu, has insisted that he has not been contacted by FIFA’s Investigatory Chamber of the independent Ethics Committee for any probe for alleged in­fringements of the FIFA Code of Ethics and, that, if the committee would dare to call out to him, he would be ready to answer them.

Adamu, who was a FIFA/CAF executive committee for a period of four years until 2010, when he was banned from all football-related activities for three years, over claims that he asked for money for World Cup votes, said he is patiently waiting for the world football-governing body to communicate over the matter before reacting to any issue raised. Read more

NTF to Use ‘Fulani Boys’ Template for Devt

The Nigeria Tennis Federation (NTF) says it will now embrace the ‘Fulani Boys’ template as part of its developmental policies.

This follows the impressive performances of the trio Musa Sanni, Aliyu Sanni and Saminu Abubakar at the just-concluded SNEPCO Tennis Championship in Lagos where Musa and Saminu caused series of upsets to reach the final which was won by the latter in the Boys under 14 category. Read more

Warri Wolves beats Akwa Utd .Closes in on Enyimba

Warri Wolves have closed within three points of Nigeria league leaders Enyimba after they thrashed Akwa United 3-0 in a rescheduled game Thursday morning.

Wolves now have 59 points from 34 matches, just three points shy of leaders Enyimba with four matches to the end of the season. Read more

World News

Egyptian authorities arrest prominent Muslim brotherhood businessman

Egyptian authorities arrested prominent Muslim Brotherhood businessman Hassan Malek at his house Thursday in Cairo, Egyptian television reported online.

The broadcaster said the arrest was made at the request of the public prosecutor but did not specify charges against Malek. Read more

Kenyan Police On High Alert On Militant Attack

Kenyan police said that they are on high alert after intelligence reports had indicated of an impending terror attack by Al-Shabaab affiliate group Jeysh Ayman in the coastal region.

Military spokesman David Obonyo said they intensified border patrols along Kenya and Somalia to deal with Al-Shabaab threats in the region. Read more

Students to march to Union Buildings

President Jacob Zuma will be forced to face the wrath of protesting students on Friday when they descend on the Union Buildings to await his address.

Thousands of students, civil society groups and academics will be waiting for the president’s comments on the tuition fee hike debate that has gripped the country since last Wednesday. Read more

Movie star Kristin Davis to visit Kenya

American actress Kristin Davis is planning to visit Kenya with her four-year-old daughter, Gemma Rose, next year.

The Sex and the City star is working closely with The David Sheldrick Wildlife Trust to help raise awareness about the preservation of endangered species such as elephants. Read more

Ivory Coast Holds First Vote Since War as Economy Takes Off

Ivorians will vote Sunday in a presidential election that will probably extend the term of Alassane Ouattara, who has boosted growth in the world’s top cocoa producer to more than twice Africa’s average.

The 73-year-old former economist has overseen an economy that’s expanded 9 percent annually since 2012. He faces seven opposition candidates, including Pascal Affi N’Guessan, who heads the former ruling Front Populaire Ivoirien. Polls will open at 7 a.m. and close at 5 p.m. A runoff is scheduled for Nov. 29 if no one gets at least 50 percent of the vote. Read more

#FeesMustFall Brings South African Universities to a Standstill

The South African government intends to increase fees next year by as much as 12 percent. Students argue that the increase will keep poor, mostly black South Africans from higher education. Protests against the proposed university fee hikes, which started at Witwatersrand University (also known as Wits) last Wednesday, October 14, have spread to other major universities, such as the University of Cape Town, Rhodes University, the Nelson Mandela Metropolitan University, University of Limpopo, and Cape Peninsula University of Technology. Read more

‘Corporate Ghana needs distinctive HR Practices’

Mrs Irene Stella Agyenim-Boateng, Human Resource (HR) Practitioner of the Year at the just ended HR Focus Awards, has called on fellow practitioners in corporate Ghana to align with international best practices.

She has also advised practitioners to continuously improve their HR programmes and systems. Read more

Papua New Guinea to begin resettling asylum seekers from Australian camp

Australia welcomed on Friday a pledge by Papua New Guinea to begin resettling refugees from an Australian immigration detention centre, despite questions about how their safety would be guaranteed in one of the region’s most dangerous countries.

Asylum seekers are a hot political issue in Australia and successive governments have vowed to stop them reaching the mainland, sending those intercepted on unsafe boats to camps on Manus island in Papua New Guinea and Nauru in the South Pacific. Read more

Amnesty warns of new Asian refugee crisis as monsoon season ends

As a controversial election approaches in Burma (Myanmar), a new report by Amnesty International this week put the spotlight on human rights abuses in the country. Entitled “Deadly Journeys” and largely based on interviews recorded in the Indonesian province of Aceh, the document dwells at length on the refugee crisis that engulfed Southeast Asia last spring and warns that a new humanitarian disaster may ensue with the end of the monsoon season. Read more

Malaysian PM Najib used state funds for ‘bribery’, says former leader Mahathir

Malaysia’s former prime minister Mahathir Mohamad has accused his protégé and current premier Najib Razak of driving a debt-ridden state fund into the ground by using it for bribery.

In an interview with the Guardian at his office in the administrative capital Putrajaya, Mahathir said Najib had confided to him months ago that “cash is king”, during a terse meeting in which Mahathir told the man he once groomed for the country’s top post that he had lost his support. Read more

We think you'd love these too...

Related posts

Leave a Reply

Your e-mail address will not be published. Required fields are marked *