June 27, 2017

*Trump calls Buhari, hails FG’s anti terror war *Jonathan Breaks Silence On PDP, Declares Party Strongest In Nigeria

*Trump calls Buhari, hails FG’s anti terror war *Jonathan Breaks Silence On PDP, Declares Party Strongest In Nigeria

SABINEWS MORNING NEWS UPDATE FOR FEBRUARY 14, 2017

 

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Trump calls Buhari, hails FG’s anti terror war

President Muhammadu Buhari was said to have spoken to President Donald Trump on the telephone on Monday afternoon at the request of the American President.

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this in a statement on Monday. Read more

Jonathan Breaks Silence On PDP, Declares Party Strongest In Nigeria

Former President Goodluck Jonathan, yesterday broke his silence on the internal crisis rocking his party, the Peoples Democratic Party (PDP), declaring that despite the party’s defeat in the 2015 general election, the opposition party remains the biggest and strongest party in Nigeria.

He further declared the party will bounce back in 2019, stressing that the outcome of the last general election was a minor setback which didn’t diminish the party. Read more

Wike enjoins board to increase revenue generation

Rivers State Governor, Nyesom Wike, has charged the state’s Board of Internal Revenue Service, to create a tax friendly environment in the state with the aim of improving internally generated revenue for more developmental projects in the state.

The Governor also urged the chairman and members of the Board to avoid distractions by alleged political blackmail and other forms of pressure in the discharge of their duties. Read more

World Bank tasked on projects implementation in Imo State

The Imo State Government has urged the World Bank authorities to introduce more people- oriented projects in the state in order to afford it the opportunity to participate in them.

The deputy governor of the state, Eze Madumere, stated this yesterday in Owerri, while receiving the bank’s team at the Govrrnment House, Owerri. He regretted that out of 35 projects marked by the bank, only four were being carried out in the state, calling for more. Read more

NBCC to boost Nigeria-UK trade volume above N7.7 trillion

New initiatives mulled by the Nigerian-British Chamber of Commerce (NBCC) could drive trade volume between Nigeria and the United Kingdom (U.K.) above projected N7.7 trillion (£20 billion).

The plan led by a ‘stern decision’ to promote made-in-Nigeria products, particularly non-oil goods as well as to harness the potential of Nigerians living in U.K. This could beat the projection that the trade volume between the two countries could hit £20 billion by 2020, the President NBCC, Dapo Adelegan, said while unveiling plans to mark the 40th anniversary celebration of the Chamber in Lagos. Read more

Ekiti approves payment of CONMESS to doctors

The Ekiti State government has approved the payment of Consolidated Medical Salary Structure (CONMESS) to medical doctors in its employ. This follows a meeting held between the State Governor, Ayodele Fayose, and leaders of the Nigerian Medical Association (NMA) last week Wednesday.

In a statement in Ado-Ekiti by the Chief Press Secretary to the Governor, Mr Idowu Adelusi, the two sides, however, agreed that the effective date of the payment of the new salary structure would be in March, this year. Read more

New fares for BRT, LAGBUS takes effect on March 1, says LAMATA

Lagos Metropolitan Area Transport Authority, LAMATA, yesterday announced its plans to effect upward review of Bus Rapid Transit, BRT, and LAGBUS fares from Wednesday, March 1, 2017, saying the current economic recession posed a serious threat to continued operations of BRT and LAGBUS. Read more

FG Inaugurates Committee for Re-negotiation with University Unions

In order to stem the tide of incessant and protracted strikes in the Nigerian tertiary institutions, especially universities, and to ensure that the bone of contention between unions and the federal government is progressively buried, a 14-man committee has been inaugurated.

The committee which is headed by Mr. Wale Babalakin (SAN) is expected to re-negotiate the 2009 federal government/university based staff unions agreement. Read more

Lawmakers fume over non-implementation of NASENI Fund

Lawmakers have blamed the slow growth in technology development in Nigeria on poor implementation of National Agency for Science and Engineering Infrastructure (NASENI) funds and others.

Besides, the lawmakers fumed that government agencies which were established to revolutionise job creation opportunities or to develop technologies for industrial development are either poorly funded or abandoned, even as there is pervading poverty, unemployment and general capacity underutilisation leading to mass frustration among Nigerians. Read more

Valentine fever grips celebrities despite recession

Today’s Valentine’s programme is likely to be a peculiar one in Nigeria as the country continues to battle recession, which many believe has reached a cute proportions.

Observers are waiting to see how things will play out in terms of how guys are going to celebrate the day with their loved ones. Read more

I didn’t betray Tinubu, Adefarati, Agagu, Mimiko says in new book

Outgoing Governor of Ondo State, Dr. Olusegun Mimiko, has said former President Olusegun Obasanjo threatened him and also pleaded with him not to resign from his government as a minister.

Mimiko, who was the Minister of Works under the regime of the former President, said Obasanjo said this in order to dissuade him from vying for the office of governor of Ondo State. Read more

KPMG to Undertake Forensic Audit of Arik Air 

The new management of Arik Air has appointed KPMG, a world-class financial expert, to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true status of its finances.

This was disclosed in a statement yesterday issued by Simon Tumba of SY&T Communications Limited,  media consultant to the Asset Management Corporation of Nigeria (AMCON). Read more

Osinbajo, Obasanjo, Others Pay Tribute to Murtala Muhammed

The acting President, Prof. Yemi Osinbajo, has said what Nigeria needs is a new nation where men and women are prepared to put the national enterprise first.

He stated this monday in Abuja while paying tributes to the legacies of the late Head of State, General Murtala Muhammed, during the 2017 Murtala Muhammed Memorial Lecture. Read more

20% of Naira in Circulation is Fake, Says Former CBN Dep Governor

Twenty per cent of the currency in circulation is fake, a former Deputy Governor of Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, has disclosed.

Mailafia made the disclosure yesterday while speaking at the opening session of a three-day public hearing on the 2017 budget appropriation process in the National Assembly on the topic: “Public Finance in the Context of Economic Recession: Innovative Options.” Read more

NiMet signs MoU with British American TNF
Nigeria Meteorological Agency, NiMet, weekend, signed Memorandum   of Understanding, MOU, with the British American Tobacco Nigeria Foundation, BATNF, an independent charitable organization incorporated in Nigeria. The MoU shall be for an initial period of three (3) calendar years effective from the date of final execution and may be renewed thereafter on terms mutually agreed upon by the parties. The overall objective of the MoU is to establish a collaboration Read more

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Saudi Arabia Cuts Oil Output, Shale Oil Remains a Problem

A top Organisation of the Petroleum Exporting Countries (OPEC) member and oil producer, Saudi Arabia, has made a large cut in its crude oil output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 per cent.

The OPEC is curbing its output by about 1.2 million barrels per day (bpd) from January 1 Russia and 10 other non-OPEC producers agreed to cut half as much. Read more

NERC demands review of gas pricing for GENCOs
THE Nigeria Electricity Regulatory Commission, NERC has told the federal government to review the pricing of gas from dollar denomination to local currency to help generation companies, GENCOs stay in business.
According to a statement signed by the commission’s Head, Public Affairs Department, Usman Abba Arabi, “Over 80 percent of the electricity generated in Nigeria is from gas- fired power plant. The gas price is indexed to the US$ as the generators pay the gas suppliers in Dollars ($). Read more

TCN earmarks 11 critical projects for completion

Notwithstanding the leadership crisis currently rocking the soul of the Transmission Company of Nigeria, TCN, the company has earmarked 11 outstanding critical projects for completion in the 2017 fiscal year. The embattled Managing Director and Chief Executive officer of TCN, Engr. Abubakar Atiku said the management was working hard to ensure the completion of the outstanding critical projects, which were funded in 2016 budget and hopefully to be funded in 2017. Read more

A-Ibom realised only 37% of budget projection in 2016 —Speaker

DUE to the shortfall in income, Akwa Ibom State only realised 37 percent of what it projected to earn from a combination of the state’s statutory allocation, Internally Generated Revenue and derivation for the 2016 fiscal year. Speaker of the state House of Assembly, Mr. Onofiok Luke, who was represented by his Chief of Staff, Mr. Umana Paul, disclosed this yesterday in Uyo in his remarks at the third annual Akwa Ibom “Open Budget Forum” organised by Policy Alert. Read more

Osinbajo: FG Secures $1bn from Shell to Develop Niger Delta

The federal government has secured funding of over $1 billion from Shell Petroleum Development Company (SPDC) to develop the Niger Delta region, acting President Yemi Osinbajo said monday.

Osinbajo, who is on the second leg of his peace and dialogue tour of the oil-rich region that witnessed a resumption of militant attacks on oil facilities last year, made the announcement yesterday in Port Harcourt, the Rivers State capital, at a town hall meeting with governors, former governors, community leaders, women and various youth groups in the Niger Delta region. Read more

Devts in energy sector to determine 2017 inflation, economy – FSDH Outlook

FIRST Securities Discount  House (FSDH) Merchant Bank Limited said that the outlook of inflation rate in Nigeria is dependent on what happens to electricity tariff and price of the Petroleum Motor Sprit (PMS). In its 2017 Economic and Financial Markets Outlook, the company said: “The outlook of inflation rate in Nigeria largely depends on what happens to electricity tariff and price of the Petroleum Motor Sprit (PMS).  Read more

$1b Eurobond: Lifeline for road, railway power, others

IF the positive feedback from international investors is anything to go by, things are beginning to look good for the Nigerian economy. The $1 billion Eurobond offer held last Thursday, the fourth since 2011, was oversubscribed by nearly 800 per cent. The cheery news was the country’s first since its economy, last year, slipped into recession, the first in almost three decades. The oversubscription surprised not a few pundits. Read more

NCC: Technology bedrock of digital economy

Technological innovation is the bedrock of digital economies. They are powered by the science of growth, hence they stand the test of time, the Nigerian Communications Commission (NCC), has said.

Its Director Public Affairs, Mr Tony  Ojobo, who spoke at the General Meeting of the Nigeria Computer Society (NCS), Abuja branch at the weekend, said technology sets the pace for human civilisation, boosts development and creates wealth. Read more

NNPC raises February fuel import by 222,000 tonnes

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it had increased the February supply of Premium Motor Spirit into the country for February by six cargoes, totaling 222,000 tonnes. The corporation said it had also raised trucks of kerosene and diesel to retail outlets across the country to 250 truckloads daily. Read more

Forcados trunkline attack responsible for Nigeria’s gas supply shortage – NPDC

The scarcity of gas being experienced across Nigeria has been attributed to last year’s incessant attacks on the Forcados trunk line.

The Nigerian Petroleum Development Company, NPDC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, disclosed this on Sunday. Read more

  1. Africa Crude-U.S. East Coast buys Nigeria, but 20 mln barrels left

LONDON Feb 13 (Reuters) – Price benchmarks on which West African oil are based fell by more than 1 percent amid concerns over rising oil rig counts in the United States, which last week reached their highest since October 2015.

* Drillers added eight rigs in the week to Feb. 10, bringing the total to 591, the most since October 2015, energy services firm Baker Hughes Inc said on Friday. Read more

Nigeria’s oil exports at risk as India’s demand plunges most in 13yrs over cash ban

India, a significant buyer of Nigerian crude, which is largely light and sweet, rich in gasoline and diesel and low in sulfur, recorded the most significant monthly drop in oil demand since May 2003, as the government’s crackdown on high-value currency notes continued to reverberate through the country’s $2 trillion economy, Bloomberg reports.

Fuel consumption fell 4.5 percent to 15.5 million tons in January from 16.2 million tons a year ago, the Oil Ministry’s Petroleum Planning and Analysis Cell said Friday. Diesel use, which accounts for about 40 percent of total fuel demand in India, dropped 7.8 percent to 5.8 million tons, the biggest decline since September. Gasoline consumption fell the most since June. Read more

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Oil And Violence In The Niger Delta Isn’t Talked About Much, But It Has A Global Impact

There have been numerous reports over the last 18 months about terrorist attacks in Europe, the United States and elsewhere. But one long-running hotbed of political violence, Nigeria’s oil-producing Niger Delta, has garnered only a modest amount media attention.

Maybe it’s because the conflict between anti-oil insurgents and the government has gone on for so long, some 20 years, that there’s a bit of “Niger Delta fatigue.”  Read more

Investments in Oil & Gas Free Zones to grow 50% in 3yrs

AHEAD of Nigeria’s recovery from economic recession, the new management at the Oil and Gas Free Zones Authority (OGFZA), last weekend indicated that it has concluded plans to rev up investments in the oil and gas free zones in the country by 50 per cent in the next three years. Read more

Oil prices fall to $56.25 per barrel

Oil prices fell nearly one percent, yesterday, in response to growing evidence that United States production is rising and as some investors unwound positions ahead of the Organisation of Petroleum Exporting Countries, OPEC’s first report on compliance with its deal to cut production. Global benchmark, Brent crude futures were down 45 cents at $56.25 a barrel, while West Texas Intermediate, WTI, crude futures were down 41 cents at $53.45 a barrel. Read more

Cameroon Targets Picking Four Points off Eagles

Reigning African Champions, the Indomitable Lions of Cameroon are hoping they can pick at least four points off Nigeria’s Super Eagles when both teams clash in crunch 2018 World Cup qualifiers starting in August.

Nigeria is to welcome Cameroon to Uyo on August 28, while the return leg match will be played on September 2 in Limbe. Read more

Katsina United Players Get N50k Reward After Lobi Draw
The management of Nigeria Professional Football League club Katsina United have rewarded each of their players with N50,000 following their 0-0 away draw against Lobi Stars on Sunday, Completesportsnigeria.com reports.

This was revealed on Katsina United’s official twitter handle on Monday.

According to the management, the N50,000 reward is for each of Katsina United’s 24-man squad. Read more

Guardiola Sends Another Message To Iheanacho, Striker Left Out Of Squad Vs 

Manchester City coach Pep Guardiola continues to ignore Nigeria striker Kelechi Iheanacho on his match day squad.

For the fourth straight game in the Premier League and the fifth in all competitions, the Taye Academy product has not been selected by the Spanish manager. With Argentina star Sergio Aguero named on the bench, it is now crystal clear that Iheanacho is third choice in the pecking order of strikers at the Etihad outfit. Read more

Aguero makes strong return as Manchester City go second

Sergio Aguero roared back into action for Manchester City, forcing a Tyrone Mings own goal and helping them move eight points behind Premier League leaders Chelsea with a 2-0 win at struggling Bournemouth on Monday.

Aguero was once again left on the bench, amid speculation about his uncertain future at City, as Guardiola preferred his new Brazilian teenage sensation Gabriel Jesus. Read more

Premier League: Manchester City Revive Title Bid With 2-0 Win Over Bournemouth

A goal from Raheem Sterling and an own goal from Tyrone Mings gave Manchester City a 2-0 win against Bournemouth and lifted them from sixth to second place in the Premier League on a blustery Monday night at the Vitality Stadium. Pep Guardiola’s side closed the gap on Chelsea to eight points and kept alive their hopes of the title, despite their Spanish manager ruling out the possibility following his team’s 4-0 defeat at Everton last month. Read more

Bayern, Arsenal desperate to lift gloom with European glory

Bayern Munich and Arsenal meet in their big-name Champions League round of 16 first leg on Wednesday, both hoping European success will help lift mid-season gloom on their domestic fronts.

Bayern are on track for a record-extending fifth consecutive title with a seven-point lead thanks to their 2-0 win over Ingolstadt on Saturday. Read more

Bayern, Arsenal desperate to lift gloom with European glory

Bayern Munich and Arsenal meet in their big-name Champions League round of 16 first leg on Wednesday, both hoping European success will help lift mid-season gloom on their domestic fronts.

Bayern are on track for a record-extending fifth consecutive title with a seven-point lead thanks to their 2-0 win over Ingolstadt on Saturday. Read more

Four senior IS commanders escape prison in Ramadi

Four senior Islamic State [IS] group militants escaped a prison facility in the Iraqi city of Ramadi on Monday, an Iraqi security official said, adding that authorities have embarked on a major manhunt to recapture the militants.

“Four IS commanders managed today to escape from a prison within the base of the 8th Brigade of the Iraqi army,” Raji Barakat, a member of Anbar’s security committee, said in a statement on Monday.  Read more

US to impose sanctions on Venezuela’s vice president over drugs claims

The Trump administration will impose sanctions on Venezuela’s new vice president, Tareck El Aissami, and accuse him of playing a major role in international drug trafficking Mr El Aissami has been the target of U.S. law enforcement for years over ties to the nation’s largest convicted drug trafficker and a Middle Eastern militant group.

The US move, which is yet to be formally announced, freezes his assets in the US and bars him from entering the country. Read more

North Korea missile test: US allies discuss steps

Defence chiefs from the US, South Korea and Japan have vowed to strengthen intelligence sharing after North Korea test-fired a ballistic missile.

In a conference call, the US reaffirmed its commitment to the security of its two allies, the South’s defence ministry said in a statement. Read more

Killed Ku Klux Klan leader’s wife and stepson charged over his death in Missouri

The wife and stepson of a Ku Klux Klan leader found fatally shot next to a river in eastern Missouri were charged in his death on Monday.

Malissa Ann Ancona, 44, and her 24-year-old son, Paul Edward Jinkerson Jr., were charged with first-degree murder, tampering with physical evidence and abandonment of a corpse in the death of Frank Ancona. Both are jailed without bond. Read more

 

 

 

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