Military recaptures Bama from Boko Haram
Nigerian government forces recaptured the north-eastern city of Bama from Islamist Boko Haram insurgents, the army said on Monday, a significant victory for the government just two weeks before a national election.
Boko Haram had held Bama, situated in Borno state where their six-year-old insurgency to establish a medieval-style Islamic caliphate has been centred, since September last year. Read more
Jega refuses to Resign
The Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has replied critics pushing for his ouster, saying that he will not resign his appointment, as he has a job to do.
Also the INEC chairman expressed satisfaction with the security situation in the northeastern part of the country, adding, however, that soldiers were never allowed at the polling units in past polls and would not be allowed during the forthcoming elections. Read more
N18,000 minimum wage no longer realistic, says NLC president
The President of Nigeria Labour Congress (NLC), Dr. Ayuba Wabba, has emphasised that the N18,000 minimum wage is no longer realistic, considering the nation’s economic situation.
Wabba, who spoke at his maiden news conference in Abuja yesterday, noted that the negative impact of the falling global price of crude oil at the international market on the country’s economy made it imperative to review the minimum wage. Read more
UN official conveys solidarity with Nigeria ahead of elections
The top United Nations political official arrived in Nigeria Monday for a two-day visit aimed at conveying the world body’s support and solidarity with the country ahead of the general elections starting on 28 March.
Initially set to take place on 14 February, national elections in Nigeria were postponed owing to security concerns. Read more
ICC threatens to try politicians promoting violence
The International Criminal Court (ICC) has restated its resolve to prosecute any Nigerian politician who engages in or incites his/her followers to violence.
ICC’s Prosecutor Fatou Bensouda, in a statement yesterday, warned that politicians risk being prosecuted either by the court or the Nigerian courts, should they persist in the campaign pattern dominated by hate speech and violence-inducing languages. Read more
Hiring ex-Apartheid Mercenaries by Nigeria is Awkward for Modern S’Africa
Leon Lotz, a white South African military ‘advisor’ who died in battle with Boko Haram last week, was a Koevoet man.
In post-Apartheid South Africa, this tag hardly draws any admiration. Koevoet was an Apartheid paramilitary organisation established at the height of the South African Border War in 1979. After the fall of Apartheid, many ex-Koevoet and ex-SADF men established “private military companies”. Read more
Boko Haram: Borno to reconstruct communities
Governor Kashim Shettima of Borno State has announced plans to constitute a task force for the reconstruction of communities destroyed by Boko Haram and rehabilitation of victims of various insurgents’ attack in the state.
Shettima, who visited thousands of the state residents in Diffa Province in the nieghbouring Republic of Niger, said at the weekend that the task force, would “evaluate, reconstruct, rehabilitate and re-integrate victims of insurgency.” Read more
Osun polls: Gunmen shoot APC supporter
A supporter of the All Progressives Congress (APC), Mr. Agunbiade Bukola, was shot by gunmen at the weekend during its campaign rally at Ilase in Obokun Local Government Area of Osun State.
The victim, Daily Sun gathered, was on danger list at the Wesley Guild Hospital, Ilesa. Read more
Mark: We Didn’t Flout Senate Tradition on Obanikoro
Senate President, David Mark, on Monday said the Senate observed its principles on the screening of former Minister of State for Defence, Senator Musiliu Obanikoro, contrary to opinions being peddled in the public.
According to him, the Senate found itself in conflicting situations and the only option available to it in that circumstance was to put the matter to a voice vote as it did. Read more
Mbu Absent in Suit Seeking His Removal
The Assistant Inspector-General of Police (AIG) in charge of Zone 2, Mbu Joseph Mbu, on Monday failed to appear before the Federal High Court in Lagos in a suit seeking his removal.
He was also not represented by any lawyer despite being served with the suit. Read more
Groups back APGA, Senator Igbeke on suit against Buhari
Barely 10 days to the March 28 presidential election, two groups, have thrown their support behind the suit seeking to stop the All Progressives Congress (APC) candidate, Gen. Muhammadu Buhari from contesting the election.
The groups, Pan Ndigbo Forum (PNF) led by Chief Guy Ikokwu a.k.a Omenife, and Ndigbo Cultural Society of Nigeria NCSN), led by Chief Udoka Udogaranya, said the suit brought by All Progressives Grand Alliance (APGA) and Senator Alphonsus Igbeke challenging Gen Buhari’s candidacy was key and needed to be decided before the election. Read more
Regional Defence Chiefs Meet on Offensive Against Boko Haram
The Chief of Defence State (CDS), Air Chief Marshal Alex Badeh, yesterday met with his counterparts from Chad and Niger in Abuja to fine-tune strategies in their collaborative efforts to flush out the Boko Haram terrorists from their contiguous boundaries and deny them use of any part of their territories as a safe haven.
A statement by Defence Headquarters spokesman, Major-General Chris Olukolade, at the end of the meeting, said the defence chiefs vowed to continue with their military cooperation, especially in the final major onslaught to dislodge the terrorists from the few remaining areas under their control. Read more
NIMC opens new card collection centres in states
The National Identity Management Commission (NIMC) has established card collection centres in all its state offices nationwide in an effort to improve the rate of card collection nationwide.
A statement on Monday by General Manager, Corporate Affairs of NIMC, Abdulhamid Umar, said plans are underway to open similar card collection centres in all the local government areas (LGAs) in the country. Read more
Ekiti shuts MTN, Etisalat offices over debts
Outlets of two Global System for Mobile (GSM) Telecommunication companies, MTN Nigeria Limited and Etisalat, in Ado-Ekiti have been sealed by the state government for allegedly defaulting in payment of N50 million signage and advertisement bills.
The affected outlets include their main offices at Fajuyi Park and Okesa as well as two others of MTN at lyin road and Adebayo area. Read more
BoI’s Loan Disbursements Hit N780bn in 2014
Managing Director of the Bank of Industry (BoI) Mr Olaoluwa, has disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at the end of 2014.
Speaking at the yearly conference of the Nigerian Institute of Estate Surveyors and Valuers in Osogbo, Osun State, recently, Olaoluwa explained that the bank has increased its intervention to critical sectors of the economy within the last five years; specifically, between 2010 and 2014. Read more
AfDB Finalises Partial Risk Guarantee for Coal-to-Power
There are strong indications that the African Development Bank Group (AfDB) has finalised its introduction and deployment of a Partial Risk Guarantee (PRG) to help bolster investment in Nigeria’s coal-to-power sector.
AfDB, it was learnt has set up the PRG with the Nigerian Bulk Electricity Trading Plc (NBET), leaving the World Bank Group behind in the equation, to increase electricity generation by catalysing private sector investment and commercial financing in the power sector. Read more
Vitafoam Confident of Profitable Returns Amid Harsh Terrain, Naira Devaluation
Vitafoam Nigeria Plc has stated that despite the harsh business terrain and the current naira devaluation hindering the growth of the manufacturing sector, it is optimistic about having a positive and rewarding financial year in the country.
Group Managing Director, Mr. Joel Ajiga, explained that although, the sector is still plagued with myriad of challenges such as, inaccessible road networks; infrastructural deficiencies; inadequate power supply and multiple taxation, but expressed confidence that the company has strategised to meet the ever growing needs of its loyal and esteemed customers and distributors. Read more
NSE Market cap drops N263b
Trading on the floor of The Nigerian Stock Exchange (NSE) which opened in the red also closed in the same direction at the close of trading on Monday when two major indicators, the All-Share Index and market capitalisation depreciated by 2.57 per cent each.
Market capitalisation depreciated by N263.556 billion to close at N9.987 trillion as against N10.250 trillion recorded on Friday, while the All Share Index went down by 789.80 basis points or 2.57 per cent to close at 29, 929.56 points as against 30,719.36 points recorded at the weekend. Read more
Oil and Gas
Ivory Coast seeks LNG supply from Nigeria
Nigeria’s move to seek strengthened frontiers for its Liquefied Natural Gas (LNG) away from the traditional Asian-pacific hub received a sub-regional push as the Republic of Cote D’ Ivoire signaled its intention to procure LNG supplies from Nigeria in support for its growing power needs.
According to Ohi Alegbe, Group General Manager, Public Affairs Division of NNPC who dropped the hint to Daily Independent over the weekend, the package which is the first of its kind in the West African sub-region would see Nigeria commit a small chunk of its daily LNG output which stands at over three billion cubic feet of gas per day, to its sub-regional neighbors in the first instance before the eventual extension of the West Africa Gas Pipeline to Cote D’Ivoire and Senegal. Read more
LNG projects to boost dwindling oil revenue
With 187 trillion standard cubic feet of gas reserves, Nigeria is naturally endowed to become a major Liquefied Natural Gas, LNG producer and exporter in the world.
The nation is ranked among the 10th largest in terms of proven reserves which could last for about 109 years if properly explored and managed for national development. Read more
PIB Will Not Affect Gas Transportation Network Code, Says DPR
The Department of Petroleum Resources (DPR) has given an assurance to industry stakeholders that passage of the Petroleum Industry Bill (PIB) by the National Assembly will not affect the implementation of the Nigerian Gas Transportation Network Code (NGTNC).
NGTNC is a contractual framework between transporter (or network operator) and network users (known as shippers) that provides open competitive access to existing and future gas transportation infrastructure. Read more
NPDC’s Daily Crude Production Hits 205kbpd
Daily crude oil production capacity of the Nigerian Petroleum Development Company (NPDC) has shot up from 130, 000 barrels per day (bpd) to 205, 007 thousand (kbpd), Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has disclosed.
Alison-Madueke said at a recent budget defence before the House of Representatives Joint Committee on Petroleum Resources-Upstream, Downstream and Gas Resources that the NPDC has also grown into a mid-size Exploration and Production (E&P) outfit, and a major gas supplier to Nigeria’s domestic market with over 600 million standard cubic feet (mscuf) of gas per day through its Oredo, Ughelli and Utorogu gas plants. Read more
Afren Reaches Preliminary Agreement with Creditors for Funding
United Kingdom-listed Afren Plc said it had reached an agreement in principle to address its short and longer-term funding needs and recapitalise its capital structure.
The company said in a statement at the weekend that an agreement had been entered into with certain creditors under its 2016 Notes, 2019 Notes and 2020 Notes, as well as a majority of the lenders under its existing $300 million Ebok credit facility. Read more
Australian Archbishop Charged With Concealing Child Abuse
A Roman Catholic archbishop in Australia was charged Tuesday with covering up for a pedophile priest during the 1970s.
Archbishop of Adelaide Philip Wilson said he was disappointed that New South Wales state police had decided to charge him with concealing a serious child sexual abuse offence. Wilson said he would fight the charge, which carries a potential two-year prison sentence. Read more
Cuba Gets First Free Public Wi-Fi Spot
Cuba is getting its first free public wi-fi spot at a cultural center run by famous local artist Kcho in the west of the capital Havana.
Kcho, who has close links to Cuban leaders, including long-time former President Fidel Castro, will pay around $900 a month to operate the Internet hub, the BBC reports. Read more
Vanuatu cyclone death toll rises
The cyclone that tore through the Pacific island nation of Vanuatu left 24 people confirmed dead and 3,300 displaced, the UN said.
Relief workers tried desperately to reach Vanuatu’s remote outer islands that were smashed by the storm. Read more
NIPP plants buy gas at subsidised rate, says DPR
The Federal Government sells gas to the 10 power plants built under the National Integrated Power Plant (NIPP) by the Niger Delta Power Holding Company Nigeria (NDPHC) at the subsidised rate of $1.8 per 1000 standard cubic feet (scf) as against the fixed price of $2.5, it has been learnt.
The Deputy Director, Gas Monitoring and Regulation, Department of Petroleum Resources (DPR), Antigha Ekaluo, told The Nation that the government mandated gas suppliers to sell to NIPP plants at that rate. Read more
NERC May Sanction Discos over Hike in Cost of Meters
The Nigerian Electricity Regulatory Commission (NERC) may sanction the electricity distribution companies for increasing the cost of electricity meters without the regulatory agency’s approval, THISDAY has gathered.
The distribution companies had increased the cost of acquiring prepaid meters by customers, citing the recent devaluation of the naira by the Central Bank of Nigeria (CBN). Read more
Power generation drops by 800mw, as vandals struck again
The Federal Government has said it is intensifying effort to secure gas pipelines across the Niger Delta region following the fourth attack on the Escravos Lagos Gas Pipeline A (ELPSA) in Delta State.
The destruction has led to the loss of about 200 mmscf/d of gas, equivalent to about 800 MW per day of generated power Read more
Eko Disco Charges Customers to Subscribe to CAPMI
The Chief Executive Officer of Eko Electricity Distribution Company, Mr. Oladele Amoda has urged customers to buy prepaid meters under the Credit Advance Payment for Metering Implementation (CAPMI) scheme introduced by the Nigerian Electricity Regulatory Commission (NERC) to curb estimated billings.
Speaking to journalists during the company’s recent quarterly briefings in Lagos, Amoda stated that his company had embarked on gradual elimination of estimated billings through in-house metering and CAPMI projects. Read more
Archrivals Nigeria, Ghana Battle for AYC Final Spot
Perennial West African rivals Nigeria and Ghana will on Wednesday do battle for a place in the final of this year’s African Youth Championship in Dakar.
Nigeria’s Flying Eagles won Group A with seven points, while the Black Satellites of Ghana were runners-up in Group B with six points. Read more
Irabor Beats Odegbami, Keshi to Excellence Award
Pioneer Chairman of the Board of the League Management Company (LMC), Hon. Nduka Irabor, was last night honoured as the Sports Personality of the Year at the Excellence Recognition Awards organised by Global Excellence magazine, a leading entertainment and lifestyle publication.
Irabor beat off competition from two former Super Eagles captains, Segun Odegbami and Stephen Keshi who were nominated for the awards. Read more
Nigerian Players Beat Algerian, Tunisian Opponents
Nigerian players began their chase for a continental glory on a good note by posting impressive results on going 38th ITF/CAT African Junior Tennis Championship (AJC) in Tunisia as Oyinlomo Quadri and Adetayo Adetunji advanced to the next round with wins yesterday at the clay court tournament.
In the girls’ U14, Quadri defeated Nesrine Troubia of Algeria as she came from a set down to win 3-6, 6-3, 6-2 while Adetayo Adetunji held her composure to beat Emma Fahmia of Tunisia 6-3 , 6-4 despite the tremendous support enjoyed by her opponent who was playing before a home crowd. Read more
Bazuaye, 80, is dead
Former Nigeria international Willy Bazuaye has died, few days after being rushed into intensive care unit of the University of Benin Teaching Hospital.
“We were set to conduct the Draw for our State preliminaries of the 2015 Federation Cup when Bauldwin Bazuaye, Willy’s son, called to break the sad news. We stopped the event, but later went on with it after observing a minute’s silence,” chairman of Edo State Football Association, Mr. Frank Ilaboya said. Read more
Enyeama to clock century Thursday
Bolivia friendly match fixed for Thursday next week will be Vincent Enyeama’s 100th cap if he is fielded. Thanks to Uche Onwumechili, a Nigerian professor of Communications at Howard University, Washington DC, USA and an avid football record keeper who mailed that one match in which Enyeama featured was missing in the matches credited to him.
That was the May 18, 2002 friendly tie with Jamaica at Loftus Road, London in which Enyeama came in place of Ike Shorunmu as a second half substitute. Read more
Satellites not worried by Flying Eagles
Ghana and Nigeria are set for an ‘earlier than expected’ clash in the semis of the 2015 Africa U-20 Championship.
Ghana lost their last game against Mali to finish second in Group B which matches them up against in-form rivals Nigeria for a place in the grand finale. Read more
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