Sabinews Morning News Update for March 2, 2016
Jubilation In Borno As Nigerian Troops Reclaim Gudumbari
Displaced people celebrated in Borno state as troops of the Nigerian military under the Armed Forces Special Force (AFSF) cleared all traces of Boko Haram occupation from Gudumbari, the headquarters of Guzamala local government area of the state.
Spokesman of the Nigeria Army, Colonel Sani Kukasheka Usman confirmed the development to LEADERSHIP via a press statement. Read more
Again Chief Judge Re-assigns Oronsaye’s Case
The Chief Judge of the Federal High Court, Justice Ibrahim Auta, has again re-assigned the case against a former Head of the Civil Service of the Federation, Mr. Steve Steve Oronsaye.
Indication that Justice Auta had reversed his earlier decision became public yesterday when the judge to whom the case was re-assigned, Justice James Tsoho, declined to take any step in the case. Read more
JAMB Releases 200,000 Results as Minister Expresses Concern
The Joint Admissions and Matriculation Board (JAMB) yesterday released results of 200,000 candidates who had written the examination even as the test continued.
The Registrar/Chief Executive Officer of JAMB, Prof. Dibu Ojerinde, disclosed this during the monitoring of the exercise in Abuja and its environs. Read more
ISIS Recruits From Nigeria, As Police Intercept 13 In Kano
Kano State Police Command has paraded 13 indigenes of Edo and other southern states who were intercepted on their way to war torn Libya in a small local government area in Kano State.
The alleged ISIS recruits were in possession of fake traveling passports of Libya. The passports were found to be fake. Read more
Adetunji’s coronation as Olubadan holds on Friday – Kingmakers
The Olubadan-in-Council on Tuesday said the coronation of the Olubadan-designate, Saliu Adetunji, as the 41st Olubadan of Ibadanland, would go on as planned on Friday.
The announcement came after the head of Seriki line in Ibadan, Chief Adebayo Oyediji, said on Monday that he had approached the Oyo State High Court in Ibadan, seeking an order to charge Adetunji for contempt of court and to commit the Olubadan-in-waiting to prison if installed as the next Ibadan monarch. Read more
Free meals: Lawyer sues El-Rufai
A Kaduna-based lawyer, Maxwell Kyon, has sued Kaduna State Governor Nasir el-Rufai over the free school feeding programme of his administration.
At a Kaduna Chief Magistrate’s Court 4 on Tuesday, Kyon argued that there was no need for the state government to feed schoolchildren in the state, stressing that the initiative was unconstitutional. Read more
Reps, minister disagree over sacking of 13 VCs
Members of the House of Representatives Committee on Tertiary Education on Tuesday tackled the Minister of Education, Mr. Adamu Adamu, over the sack of five of the 13 vice-chancellors of federal universities by the Federal Government about three weeks ago.
The lawmakers and the minister had a heated argument over the legality of the removal of the VCs, which the former said was done while the VCs’ tenures had yet to expire. Read more
Pirates kill man, seize cash, boat in A’Ibom
EIGHT pirates on Tuesday shot and killed an indigene of Ituk-Mbang, Mr. Hansley Edet, on Oron waterway when he was returning from Cameroun to Nigeria.
The pirates were said to have aimed the gun at the driver of the boat, but missed the target. Having shot Edet in the armpit, the pirates were said to have ordered the boat into an island in Oron and stripped its occupants. Read more
Dangote, Adenuga, Otedola, Alakija, Rabiu Make Forbes World Billionaire List
Five Nigerians including Alhaji Aliko Dangote, Mike Adenuga; Femi Otedola; Folorunso Alakija and Abdulsamad Rabiu, were named in the Forbes 2016 World’s Billionaires’ list that was released on Tuesday.
The latest Forbes World Rich list profiled 1,810 billionaires across the globe. Read more
Nigeria Spends 80% of Revenues to Service Debts, Says Development Bank
The Islamic Development Bank (IDB) on Tuesday described Nigeria as one of the few nations, which spend almost all their revenues to service debts, subsequently causing the economy to haemorrhage.
This came as the Chairman, Senate Committee on Foreign and Local Debts, Senator Shehu Sani, disclosed that Nigeria’s debt now stands at $60billion. Read more
Dangote Cement Declares N181.3bn Profit, Pays N8 Dividend
Dangote Cement Plc, has declared a profit after tax of N181.3 billion for the financial year ended Dec. 31, 2015.
This was contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) yesterday in Lagos. Read more
CBN moves to boost cashless policy
The Central Bank of Nigeria has moved to give a further boost to its Cashless Nigeria policy introduced about five years ago.
The CBN has collaborated with the Nigeria Inter-Bank Settlement Plc to introduce an award programme aimed at motivating Deposit Money Banks, companies, individuals and other stakeholders in the payment system to leverage cashless transactions. Read more
Oil and Gas
Lagos oil field faces setback, as firm sells stake
There were indications that the Aje oil field offshore Lagos may face further delay in its first production programme for March this year, as one of the stakeholders, MX Oil Plc has reached an agreement to sell its investment in the field to GEC Petroleum Development Company Limited (GPDC), for a total consideration of about $18 million. Read more
NLNG, PHCCIMA partner for economic development
The Nigerian Liquefied Natural Gas Company, NLNG and Port Harcourt Chamber of Commerce (PHCCIMA) have concluded plans to work closely to attract meaningful development and stimulate economic development of Rivers state.
The agreement was reached when the President of PHACCIM, Dr. Emi Membere-Otaji, led new executives and elected council members on a business delegation to NLNG temporary office at the INTEL estate in Port Harcourt. Read more
Nigeria earns N1.4tr from petroleum tax, royalties
Nigeria earned N1.393 trillion from Petroleum Profit Tax, PPT, and royalties in 2015, according to the Central Bank of Nigeria, CBN, report which did not include figures for the month of December.
The CBN, in its Economic Report for November 2015, stated that besides PPT and royalties, Nigeria earned N822.2 billion from crude oil and gas exports, N1.24 trillion from domestic crude oil and gas sales and N91.7 billion from other sources in the petroleum sector from January to November 2015. Read more
‘Nigeria produces 2.2mbd of crude in February’
Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, says Nigeria’s oil production would be 2.2 million barrels a day for the month of February.
Kachikwu, who said the country would keep striving to increase crude oil production to meet local demand and not to essentially sell it in the international market, stated that the figure for February would be unchanged from the month of January. Read more
OPEC daily basket price close at $30.13/b
The price of OPEC basket of thirteen crudes stood at $30.13 a barrel on Monday, compared with $30.74 the previous Friday, according to OPEC Secretariat calculations.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). Read more
Nation’s crude oil production to decline by 70,000bpd
The International Energy Administration (IEA) expected Nigeria’s oil production to decline by 70,000 barrels per day (bpd) by 2021 to 1.85 million bpd due to reduction in investment in the country’s deepwater projects and oil theft and pipeline sabotage in the Niger Delta continues unabated. Read more
Fuel Scarcity Cripples Flight Operations
The biting fuel scarcity has led to the cancelation and delay of flights by domestic airline operators, leaving many passengers stranded at the airports, as they could not source adequate aviation fuel, known as Jet A1.
The passengers who were mostly affected were those travelling across the two major Nigerian cities, Abuja and Lagos who had to endure delayed flights and outright cancellations in some cases. Read more
Energy dominates Nigeria’s $3.2b merger, acquisition deals in 2015
Notwithstanding the dwindling crude oil prices, the energy, mining and utilities sectors championed the merger and acquisition (M&A) deals in 2015, with about 28 per cent share of the $3.2 billion deals.
This volume, according to a new report by Mergermarket, showed a decline in the number and value of deals last year due to regulatory uncertainty, falling oil prices and weakening of the naira, which forced investor’s to take cautions. Read more
Lagos school goes off grid with solar power
A power station, installed by Greenicles Solar, has enabled Iju Senior Grammar School, Lagos, become independent of the national grid.
The 13kW system was installed a year ago and has generated more than 24,300kW of electricity since its testing and commissioning in April 2015, about 10 per cent more than predicted. Read more
NUPENG, NUEE, SSAEAC threaten to shut Egbin, other power plants
NATIONAL Union of Electricity Employees, NUEE; Senior Staff Association of Electricity and Allied Companies, SSAEAC, and Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, have threatened to shut down Egbin power station and other power plants across the country following last Friday’s sack of 400 members of NUEE, including its deputy president by management of Ikeja Electricity Distribution Company, IKEDC. Read more
NERC, CPC to Go after Discos Extorting Customers for Transformers, Others
The Nigerian Electricity Regulatory Commission (NERC) and the Consumer Protection Council (CPC) on Tuesday agreed to work together in a new partnership arrangement that would see both agencies go after and prosecute electricity distribution companies (Discos) that usually extort from their customers funds to procure and repair electrical installations on their networks.
Both agencies in this regards signed in Abuja, a memorandum of understanding (MoU) to activate the framework titled: ‘consumers’ redress legislation.’ Read more
Eagles: Siasia Wooing Enyeama, Emenike To Return
Super Eagles interim coach, Samson Siasia, has confirmed that he is working towards getting the duo of Vincent Enyeama (Lille OSC, France) and Emmanuel Emenike (West Ham FC, England)back to the Super Eagles’ fold.
Both players quit the team in controversial circumstances, following a row with former coach, Sunday Oliseh, vowing never to play for the national team again. Read more
FIFA plaque excites Enyeama
Former Nigeria goalkeeper, Vincent Enyeama, on Tuesday expressed his excitement over his FIFA 16 Ultimate Team of the Week plaque.
The Lille goalkeeper was picked as the goalkeeper for the Week 24 Team by the football body. Enyeama has been in impressive form for the club this season helping them to stay 15th in the French Ligue 1. Read more
Are slams Pinnick over foreign coach plan
Chairman of Kakanfo Inn and Conference Centre, Dr. Lekan Are, has frowned against the plan by the Nigeria Football Federation to bring in a foreign coach to replace Sunday Oliseh, who resigned as Eagles coach recently.
NFF president, Amaju Pinnick, announced that there would be no more indigenous coach for the Super Eagles after Oliseh’s resignation while also naming coach of the U-23 team, Samson Siasia as the Eagles interim coach. Read more
Blasphemy trials on the rise in Egypt
On Jan. 26, an Egyptian court sentenced journalist Fatima Naaot to three years in jail and a fine of 20,000 Egyptian pounds ($2,500) for “defaming religions.” The judgment reflected a “return to hisbah lawsuits, which are a threat to freedom of opinion, expression, thought, belief and human rights,” according to a Jan. 27 statement by the Egyptian Organization for Human Rights. Hisbah — meaning “accountability” — is an Islamic doctrine involving the ruler or government’s duty to promote what is right and prevent wrong. Read more
Ethiopian mothers struggle to feed sick children as food aid runs out
The worst part of Mulugeta Kassaw’s job is not when dangerously thin children arrive at his health center in drought-stricken northern Ethiopia, often at death’s door.
It is when they recover and must be sent home. Read more
34 rhino carcasses found in Namibia in 2 months
Namibian police say they have found 34 rhino carcasses in the country in January and February this year.
The rhino carcasses were found during an aerial search last month. Read more
Over 500 Zambian Students stranded in China
OVER 500 Zambian students are stranded in China for failure to pay full school fees while five others are in detention for flouting immigration rules.
Zambia’s Ambassador to China Winnie Chibesakunda said the number of expulsions, arrests and deportations of Zambian students in China has been on the upswing since 2014 and is now approaching crisis level. Read more
Zimbabwe to import electricity from Zambia
Power utility Zesa Holdings (Zesa) is set to import electricity from Zambian company, Lunsenfwa from August to address power shortages in the country.
Speaking during a tour of the Kariba Hydropower Station on Friday, Zesa spokesperson, Fullard Gwasira said Lunsenfwa was a private public partnership arrangement and Zimbabwe was targeting to import up to 100MW from Zambia this year. Read more
Two South Africa films to battle it out at the AMVCA
South African films Ayanda andTell Me Sweet Something will go up against each other this weekend to win Best Overall Movie at the fourth annual AfricaMagic Viewers’ Choice Awards (AMVCA).
In association with MultiChoice, the awards set out to recognise the best that the African film and television industry has to offer. Read more
ANC vows to defeat all motions of no confidence against Zuma
The African National Congress (ANC) in Parliament has vowed to defeat all motions of no confidence in President Jacob Zuma.
The ANC secured 225 votes against the Democratic Alliance’s (DA) motion. Read more
Shelling in Northern Syria Shows Limits of Truce
Artillery shells struck near the main street of a Syrian village controlled by the government on Tuesday, sending international reporters diving for cover and highlighting the fragility of a partial cease-fire that both sides in the civil war say has been repeatedly violated.
The blasts that shook Kinsibba, near the Turkish border, came as the journalists were touring the village under Russian military escort. No one was wounded by the artillery, but some suffered minor cuts as they ran for cover or threw themselves to the ground. Read more
Migrant crisis: EU to unveil emergency aid plan
The European Union is preparing to spend hundreds of millions of euros on humanitarian aid, as Greece struggles to cope with an influx of migrants.
Under plans to be submitted on Wednesday, EU funds could be deployed within Europe in the same way they are used to help crises outside the bloc. Read more
Five murdered youth in Mexico confused for cartel members
Five young Mexicans killed last month by gang members with ties to local police were murdered after being mistaken for a rival cartel, a top security official said Tuesday, another possible case of corrupt law enforcement in league with organised crime.
The individuals were killed in a particularly violent zone of Veracruz state known as Tierra Blanca, their remains dumped into a local river, deputy interior minister Roberto Campa said in an interview with broadcaster Televisa. Read more
Mexico unveils strategy to counter slurs from Donald Trump
Mexico’s government is planning a diplomatic push to counter aggressive rhetoric against its nationals in the US election race, after calls by Donald Trump for a massive wall to divide the two nations.
Republican presidential candidates Marco Rubio and Ted Cruz have also proposed building a wall along the US-Mexico border, but it is Trump who has taken the hardest line against the United States’ southern neighbour. Read more