August 22, 2017

*Military releases 182 Boko Haram detainees in Borno* *Suspected cattle thieves kill 37 in Zamfara*

*Military releases 182 Boko Haram detainees in Borno* *Suspected cattle thieves kill 37 in Zamfara*

Sabinews Morning News Update for July 7, 2015

National

BillionaireJackpot

Military releases 182 Boko Haram detainees in Borno

The military has released 182 suspects detained in connection with Boko Haram activities in Borno State.

Chief of Army Staff (COAS), Lt. General Kenneth Minimah, who handed over the released suspects to the state Governor, Kashim Shettima at the Maimalari Cantonment yesterday in Maiduguri, the state capital, said the suspects had been investigated and found not to have any link with Boko Haram or terror activities. Read more

Suspected cattle thieves kill 37 in Zamfara

Gunmen suspected of being cattle thieves killed at least 37 people in a village in northern Nigeria’s Zamfara state, a local government official said on Monday.

“The gunmen killed 37 people in the attack on Cigama village shortly after they attacked Kokeya village where they killed two people,” Muhammad Bala Gusami told AFP after Saturday’s violence. Read more

PMB Okays Over N400bn For Unpaid Salaries

President Muhammadu Buhari has approved a comprehensive relief package of N400billion in demonstration of his resolve to put an end to the lingering crisis of unpaid workers’ salaries in the country especially in several states of the federation.

According to informed sources at the presidency, Buhari has okayed a three-pronged relief package that will end the workers plight. Read more

CAN Asks FG to Relocate Boko Haram Suspects from Ekwulobia Prison

The Christian Association of Nigeria (CAN), Anambra State chapter, monday asked the federal government to urgently relocate the Boko Haram suspects in Ekwulobia prison in the state to other places outside the South-east.

The call, which was contained in a communiqué issued by the body after a marathon meeting monday in Awka came on the heels of protests by the body’s women and youth wings as well as clerics under the aegis of (WOWICAN) at the Emmaus House in the city against the camping of the Boko Haram suspects at the Ekwulobia prison facility. Read more

El-Rufai Announces Autonomy for Local Councils, Swears-in Sole Administrators

The Kaduna State Governor, Mallam  Nasir El-Rufai, monday announced autonomy for local governments in the state, abolishing the  joint state and local government system, which had stunted development at the grassroots.

The governor also said 10 per cent of internally generated revenue (IGR) would be remitted to local government councils in the state. Read more

Edo Judicial Workers Call off Strike

The six-month old strike embarked by the Edo State chapter of the Judiciary Staff Union of Nigeria (JUSUN) has been suspended and its members instructed to resume at their duty posts tuesday.

Judiciary workers in the state had been on strike since January 5 over what they described as the refusal by the state government to implement a Federal High Court order which granted financial autonomy to the judiciary and the non-payment of their July 2014 and January 2015 salaries. Read more

Lalong Reverses Self, Sacks Council Chairmen

Plateau State Governor, Mr. Simon Lalong, has denounced his earlier promise made to the local government area chairmen and the people of the state when he announced the dissolution of all the 17 councils in the state monday.

During a congratulatory visit by the ousted chairmen to Lalong as governor-elect in April, Lalong had vehemently promised that he would not tamper with the structures at the local government level even though they are basically Peoples Democratic Party (PDP)-controlled, claiming that he believes in and is a product of the rule of law. Read more

We’re not indebted to workers –Gov Dickson

Bayelsa State Governor, Hon. Seriake Dickson yesterday  re-assured workers of the state that payment of salaries for the month of June 2015 would commence this week.

Speaking in a live interview programme “Focus Nigeria “ aired on the Africa Independent Television, (AIT) and monitored in Yenagoa, the governor said he had already authorized the payment of the salaries from today (Tuesday July 7). Read more

UI is Nigeria’s Best University, Ranked Eighth in Africa

For another record time since its establishment in 1948, the University of Ibadan has emerged the best in Nigeria.

Its enviable position arose from the latest ranking of African universities and higher institutions conducted by Journals Consortium on 1,447 higher institutions. Read more

Ikorodu bank robbery: Police parade four suspects

The Police in Lagos on Monday paraded four suspected members of the 18-man gang that robbed two banks in Ikorodu, Lagos State a fortnight ago.
The News Agency of Nigeria (NAN) reports that the robbery gang operated for close to two hours and carted away millions of Naira from two banks, using the Ipakodo jetty as escape route. Read more

Stocks start week red, extend losses as investors remain pessimistic

The equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by 0.28 per cent to close at 32,447.05basis points, compared with the 0.61 per cent depreciation recorded previously.

Its Year-to-Date (YTD) returns currently stands at 6.38 per cent Market breadth also closed negative as Neimeth led 21gainers against 31losers topped by Uacn at the end of yesterday’s session- an unimproved performance when compared with previous outlook.  Read more

Economy

Oil crash, dwindling revenue threaten Nigeria’s 2015 budget

One of the first major tasks the administration of Gen. Muhammadu Buhari will have to contend with will be how to finance the 2015 budget in the wake of low oil price and rising threats from declining revenue. This becomes very critical when viewed against the backdrop of the tough economic conditions witnessed over the last couple of months  in the country, especially in the area of declining crude oil and gas receipts and Federal Government’s inability to meet some of its financial obligations. Read more

Masters Energy floats industrial city in Abia

An integrated energy firm, Masters Energy has commenced works on its multi-billion naira industrial city located in Onuaku, Uturu, Abia State. The project, which is at advanced level of construction, is expected to commence operations by September.

READ  Bieber storms off stage in Norway

Taking-off with integrated plastic making factory, noodles production and the organic fertiliser plant in the first phase, the industrial city will also have lubricant blending plant, storage facility, aluminium profile factory and pipeline manufacturing plant among others, when fully completed. Read more

Naira drops as demand pressure heightens

The Nigerian foreign exchange market continued to increase yesterday at the bureau de change (BDC) and black market as the value of the naira dropped to a low of N232 and N236.50 against the dollar respectively.

Daily Sun gathered that the value of the naira at the Central Bank of Nigeria (CBN) and the interbank end of the foreign exchange market, however, remained stable as the green back sold for N196.95 and N198.58 respectively. At the BDC, the value of the naira against the pound dropped to N350. Read more

Oil and Gas

FG earns N14trn from crude export – NNPC

Barring other arrangements and deductions, Nigeria earned $74.512 billion, about N14.902 trillion, from crude oil export in 2014, according to data released by the Nigerian National Petroleum Corporation, NNPC. The NNPC, in its 2014 Annual Statistical Bulletin, revealed that the amount was earned by NNPC and other oil and gas companies in the country, which exported about 773.833 million barrels of crude to different regions of the world.

The amount is more than three times the N4.425 trillion budgeted by the Federal Government for 2015. It is also more than the combined budget of the Federal Government from 2013 to 2015, comprising N4.92 trillion for 2013; N4.6 trillion in 2014 and N4.425 trillion in 2015 respectively. Read more

Delta Communities Sack NPDC, Threaten 250,000bpd Of Crude

The nation’s aggregate crude oil production output has been cut by 250,000 barrels per day, as youths and women from the host communities of the Jones Creek flow station stormed the oil field operated by the Nigerian Petroleum Development Company, NPDC, Delta State, shutting it down.

The communities include four Ijaw and one Itsekiri communities namely: Kokodiagbene, Okerenkoko, Akpatagbegbe, Akpataegbemu and Omadino, all in Warri South West Local Government Area of Delta State. Read more

Power

Oyo mulls independent power plants

Oyo State Government may soon adopt the Independent Power Project (IPP) initiative to raise power generation and supply profile in the state. As part of the plans to kick-start the project, the state government has begun feasibility study on the scheme project to identify the challenges and viability of the initiative.

This indication emerged when the state delegation visited Lagos State independent power plants to understudy their operations. The group however commended Lagos State government on its IPP initiated to provide reliable electrical power to the state-owned and managed establishments. Read more

Shoreline Plans $2 Billion Bonds to Buy Africa Energy Assets

Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2 billion in debt to buy crude and gas assets on the continent, which may include purchases in Equatorial Guinea and Tanzania.

The debut issue of as much as $500 million of five- to seven-year Eurobonds will probably happen before the end of the year, Chief Executive Officer Kola Karim said in an interview in his office in Lagos on June 2. He was speaking after a two-week roadshow in the U.S. and Middle East, arranged by two international banks he declined to identify. Read more

Sports

IfeanyiUbah Declares Kaita AWOL

Ifeanyi Ubah FC has declared former Super Eagles midfielder Sani Kaita missing.

Coach of the Nigeria league side John Obuh, who took charge of his first home game at the weekend, made the disclosure.

According to Obuh, the disappearance of Kaita dealt a huge blow to his game plans against Shooting Stars Sports Club. Read more

Okagbare Targets Long Jump Medal

Africa’s queen of the tracks, Blessing Okagbare, is targeting Lausanne leg of the IAAF Diamond League long jump on Thursday in Switzerland.

The Nigerian, who has focused on the 100m and 200m events, has not participated in the long jump since the 2013 World Championships in Monaco where she jumped 7.00m. Read more

NFF Accuses Keshi of Degrading Eagles No 10 Jersey

One of the reasons that caused Stephen Keshi his Super Eagles job, three months after his reappointment, was that he allegedly mortified the iconic number 10 shirt which he handed to an unknown player, during Nigeria’s Africa Cup of Nations qualifier against Chad in Kaduna on June 13.

The player in question is Gabriel Okechukwu, who plays for non-league club, Water Football Club of Abuja. Read more

NFF To Name Keshi’s Successor In Two Weeks

The Nigeria Football Federation (NFF) has promised to name Stephen Keshi’s  replacement in two weeks.

This was disclosed on Monday by the NFF General Secretary, Mohammed Sanusi. Read more

NSC Pledges Support for Nigerian Sport Award

The National Sport Commission (NSC) has pledged to throw its weight behind the organisers of the Nigerian Sports Award in its quest to inspire outstanding performances in Nigerian sportsmen and women through recognition and reward.

The Director General, National Sport Commission, Al-Hassan Yakmut, made this known in Abuja recently when he received members of the award panel who paid him a courtesy visit in his office. Read more

World News

Burundi leader skips summit to campaign for re-election

Burundi’s embattled president skipped key regional talks Monday, staying at home to campaign for a controversial third term as a rebel general threatened to step up attacks.

The crisis in the central African nation surrounds President Pierre Nkurunziza’s bid to stand for a third consecutive five-year term in office.
The move is branded by opponents as unconstitutional and a violation of a peace deal that brought an end to a dozen years of civil war in 2006. Read more

READ  Policeman commits suicide in Lagos

Hundreds of lawyers back Morocco women tried over dresses

Hundreds of lawyers have registered to defend two women who went on trial in Morocco on Monday accused of “gross indecency” for wearing dresses considered provocative, an activist said.

The women were arrested in the southern city of Agadir in mid-June after walking through a marketplace in the dresses, sparking anger among passers-by in the conservative Muslim kingdom. Read more

India firm to build 400 megawatts power station in Ghana

Bharat Heavy Electricals Limited (BHEL), one of India’s largest engineering and manufacturing firm is to build a $400 million, 400 Megawatts capacity power station in Ghana.
A memorandum of understanding was signed on behalf The Sol Group Limited, a United Kingdom based Development Company and Joni Sukumaran also of UK by Mr Peter Osei-Tutu of who is a Group Managing Director for Ghana and Mr Sanjay Garg, Deputy General Manager at BHEL on behalf of the Indian company. Read more

Oil prices sink nearly 8% on Greece, China fears

US oil prices sank nearly 8% on Monday on worries about slowing global growth after Greek voters rejected a bailout offer and China moved to calm financial market turbulence.

US benchmark West Texas Intermediate for delivery in August fell $4.43, closing at $52.53 a barrel on the New York Mercantile Exchange. Read more

Four thirsty men collapse due to lack of ‘kutoa lock’ brew

Four men who could not access their usual ‘kutoa lock’ drink collapsed and were admitted in Nyahururu on Sunday.

They were hospitalised after efforts to to revive them using milk failed, said a medic at Nyahururu district hospital. Read more

Uhuru must leave top seat in 2017 – Ababu

Cord leader Raila Odinga’s presidential bid is unstoppable and Jubilee should prepare for a bruising battle in 2017, ODM secretary general Ababu Namwamba has said.

He said the rigging loopholes that favoured Jubilee have been sealed. Read more

Urchins say bye to streets, hello to poultry farming

The lives of street children in Ruiru, Kiambu county, are changing for the better, thanks to an initiative by a local organisation to turn them into productive members of society.

Some of the urchins have been re-united with their parents while the orphaned ones have been taken to schools under the care of children’s homes in Ruiru. Read more

US Africa Command Seeks New Logistics Partner  Reports

Egypt falls under the responsibility of US Army Central Command (CENTCOM) based in Stuttgart, Germany. However, Egypt will also be included in the AFRICOM area of responsibility because the country serves as an essential refueling center connecting the major US base in Djibouti to the North African theater of operations.

“The successful contractor shall provide all necessary resources including logistics support and management to perform surface transport and distribution of general cargo within all the countries (currently 55) within the AFRICOM AOR [area of responsibility] and Egypt,” a pre-solicitation notice issued in June 2015, but revealed by The Hill on Monday said. Read more

Zimbabwe activists deplore sale of 24 elephant calves to China

Zimbabwe has shipped 24 elephant calves to China, in a move that has angered animal rights groups who described the export as “extremely cruel”.

“Some 24 elephants are en route to China as we speak after they were taken from their families in Hwange national park,” Johnny Rodrigues, chairman of the animal rights group Conservation Task Force told AFP. Read more

Germany, France press Greece to make fast, credible proposals

France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone’s most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency. Read more

Bill Cosby admitted buying sedatives to give to women, court documents show

US comedian Bill Cosby admitted buying sedatives with the intention of giving them to women he wanted to have sex with, according to newly-unsealed court documents.

The former TV star made the admission in a 2005 civil case brought by a former Temple University employee, Andrea Constand, who alleged that Cosby had tricked her into taking drugs and then sexually assaulted her. Read more

Warren Buffett makes $2.84bn donation to Gates Foundation and charities

Warren Buffett has donated about $2.84bn of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire’s plan to give away nearly all of his wealth.

The 10th annual donation, Buffett’s largest, comprised 20.64m Class “B” shares of Berkshire and increased Buffett’s total contributions to the charities to more than $21.5bn. Read more

Noel Pearson claims Indigenous summit on referendum ‘stage-managed’

Cape York Indigenous leader Noel Pearson has criticised a historic summit on recognising Australia’s first peoples in the constitution as “stage-managed”, saying he should have sent a “cardboard cut-out” of himself to the event.

Prime minister Tony Abbott and opposition leader Bill Shorten came together with 40 Indigenous leaders on Monday in a rare show of bipartisanship to work out a roadmap for recognition. Read more

Sakari Momoi, the world’s oldest man, dies in Japan aged 112

Sakari Momoi, who was recognised as the world’s oldest man and credited healthy eating and getting plenty of sleep for his longevity, has died at the age of 112, Japanese media said on Tuesday.

Momoi was born near Fukushima in February 1903, the year the teddy bear was introduced and Orville Wright carried out the first powered, heavier-than-air flight. Read more

 

Follow us @sabinewsnaija

 

Radi8
InnJoo Reborn

We think you'd love these too...

Comments

comments

Related posts

Share your thoughts.

Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *