Sabinews Morning News Update for March 22, 2016
Military Guns down Another Boko Haram Kingpin
The Nigerian military has gunned down another Boko Haram kingpin in Borno State, as it increased aerial bombardment of the suspected terrorists’ logistic base at Allargano forest in some parts of Yobe State.
The Director of Army Public Relations (DAPR), Col. Sani Usman, in a statement monday said the elements of 22 Brigade Garrison carried out clearing operation at Dalore camp last Sunday in which 19 sect members were killed among whom was Ameer of Dalore. Read more
2 killed, 100 houses razed in Kuramo Beach inferno
At least, two persons were killed and thousands of others displaced by fire at the Kuramo Beach end of Lekki in Lagos. It was gathered that over 100 shanties were razed in the inferno, which started around 7am yesterday. Director, Lagos State Fire Service, Rasak Fadipe, reports that the early morning fire started after an explosion occurred, following a woman cooking in a kitchen close to where a fuel-laden keg was kept.
He said, “The fire destroyed over 100 shanty structures at small Kuramo, Lekki. Male and female adults were roasted in the fire.” The shanties, he said, were built on three acres of land, while the fire consumed houses in only about four plots as the fire service succeeded in preventing it from spreading to other areas. Read more
Benin Kingdom Applauds Cambridge University’s Move on ‘Okukor’ Cockerel Statue
The Benin Kingdom has at the weekend welcomed the moves by the Cambridge University to return a bronze cockerel stolen with other artifacts during colonialist looting in the 19th century.
Jesus College earlier this month said it was taking down the statue, known as “Okukor,” pillaged from the former Kingdom of Benin and was looking at the possibility of its repatriation. Read more
Hoodlums take over Imo PDP secretariat
Hell was let loose yesterday as hoodlums beat up Imo State Peoples Democratic Party, PDP, caretaker committee members led by Barrister Vitalis Okafor before taking over the party’s secretariat at Okigwe Road, Owerri.
The hoodlums, who barricaded the gate, preventing movement into the party’s secretariat, were allegedly led by former Caretaker Committee Chairman, Nnamdi Anyaehie, whose committee was sacked by an Owerri High Court on Friday. According to eyewitnesses, the hoodlums numbering over 200, stormed the party’s office at about 8am, beat up Okafor and his committee members, who were already at the party’s office for a meeting and chased them out. Read more
90 days: INEC runs out of time for Imo re-run polls
Some constituencies in Imo State, may remain without representatives in the State and National Assemblies, since the Independent National Electoral Commission, INEC, failed or neglected to implement the re-run polls ordered by the court within 90 days.
Hope for re-run elections in Owerri West and Oru East state constituencies, as well as the Okigwe senatorial seat remained very dim, as no dates had been fixed for the exercise, as at press time yesterday. Read more
NBS: Unemployment Rate Rises to 10.4% in Fourth Quarter
The unemployment rate in the country has climbed to 10.4 per cent in the fourth quarter of last year (Q4 2015) compared to 9.9 per cent in the previous quarter, the National Bureau of Statistics (NBS) stated monday.
It noted that a total of 22.45 million of the total labour force of 76.96 million were either unemployed or underemployed in Q4 compared to compared to 20.7 million in Q3 and 19.6 million in Q2. Read more
Dangote Firm To Process 120 Tons Of Fresh Tomatoes Per Day
Alhaji Abdulkadir Kaita, Managing Director of newly established Dangote Tomato Processing Factory in Kadawa, Kano State, said the company has capacity to process 120 tons of fresh tomatoes per day at full capacity.
Kaita, who said this in Kadawa on Monday, noted that the company, which began test production, last week, had processed 500 tons of tomatoes. Read more
Operators Task SEC, NSE On Market Downturn
Some capital market operators on Monday suggested that the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) should hold a stakeholders’ summit to address market downturn.
They told newsmen in Lagos that there should be synergy among operators and regulators in the interest of the capital market. Read more
Oil and Gas
OPEC sees lower demand for oil in 2016
THE Organisation of Petroleum Exporting Countries, OPEC, weekend, predicted global demand for its crude oil will be less than previously thought in 2016, as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year.
The monthly report from OPEC contrasts with that of the International Energy Agency, IEA, which last Friday, said producers outside OPEC were cutting production by more than it had expected. Read more
Oil Up On Cushing Drawdown Data; Eyes On U.S. Output
Oil prices rose on Monday as data showed a drawdown at the Cushing, Oklahoma delivery hub for U.S. crude and ahead of front-month contract expiry in the U.S. crude futures, reports Reuters.
The market’s upside was limited by concern that U.S. oil drillers could ramp up output again after a two-month long recovery in crude prices, analysts said. Read more
DPR blames IOCs’ for pipeline crisis in Nigeria
THE Department of Petroleum Resources, DPR, has blamed the International Oil Companies, IOCs in Nigeria, for failing to adequately maintain the various pipelines they operate in transporting crude oil and natural gas products across the country. Gas Pipeline This, according to the industry regulator has contributed to the frequent crisis Nigeria is currently suffering in the petroleum and energy sector of the economy. Read more
Nigeria’s crude oil earnings drop by 40.3% to N9,728.5b
Nigeria’s earnings from crude oil resources have dropped from N16,304.0 billion recorded in 2014 to N9,728.8 billion in 2015, representing a 40.3 per cent decline.
The country’s crude oil component of total trade decreased by N4,945.9 billion or 41.6 per cent as against the level recorded in 2014. Read more
DISCOs ask for more time to improve
Distribution companies in the country, DISCOs, have asked for more time and patience from Nigerians to improve their electricity supply.
Their plea comes as power generation peaked at 3,848 megawatts, as Friday, up from the 2,884.30MW recorded last Tuesday, data from the Nigerian Systems Operations, NSO, a department of the Transmission Company of Nigeria, TCN, has shown. Read more
Emefiele: CBN’s Power Intervention Fund Contributes 1,274MW of Electricity
Despite the poor electricity generation in the country, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that projects funded by the apex bank’s intervention fund in the power sector added a generating capacity of 1,274 megawatts of electricity to the national grid in 2015.
In his keynote address at the recent Economic Summit organised by New Telegraph in Lagos, Emefiele also stated that the CBN’s power intervention fund financed the construction of 120 kilometres of gas pipelines during the same period. Read more
Siasia: We’ll take our chances
AS the zero hour to the make or break AFCON 2017 qualifier between Nigeria and Egypt on March 25 approaches swiftly, stand-in coach, Samson Siasia is confident that his Eagles will convert the chances that come their way at the Ahmadu Bello Stadium in Kaduna.
With fans anxiety reaching feverish height, the Eagles come up against an Egyptian side who are desperate to book a ticket to Gabon 2017 after their last AFCON tournament in Angola in 2010. Read more
Egypt won’t escape defeat in Kaduna – Pinnick
Ahead of the 2017 AFCON qualifier between Nigeria and Egypt, the air of optimism in the Super Eagles camp has been overwhelming and this was aptly expressed by the NFF President Amaju Pinnick when he said visiting Pharaohs can’t escape defeat in Kaduna.
Pinnick tipped English Premier League trio Odion Ighalo, Alex Iwobi and Obi Mikel to lead the Super Eagles to victory in Kaduna March 26 against the Pharaohs. Read more
Adidas, Coca-Cola, Three Others Paid FIFA $180m In 2015
Despite the turmoil that FIFA experienced in 2015, five of the world football governing body Partners- Adidas, Coca-Cola, Gazprom, Hyundai/Kia and Visa-paid it $180 million, according to its financial and government report published last Friday.
The report also indicate a significant increase in revenue from television broadcast rights, FIFA’s largest single income source, in 2015 when compared with four years earlier. Revenue from broadcast rights amounted to $628.5 million last year, up from $550.3 million in 2011. Read more
70 Al-Shabaab militants killed in N. Somalia
At least 70 Al-Shabaab militants have been killed and 30 others captured in heavy fightings by Somalia’s Puntland forces in the past four days, officials said on Monday.
Puntland Minister of Information Mohamud Hassan said their forces the fightings took place in Suuj Valley in Nugal region, northern Somalia, and the government forces have overpowered the insurgents. Read more
Kenyan, Ugandan leaders meet over joint oil pipeline
Kenyan President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni on Monday met in the Kenyan capital Nairobi, discussing the joint construction of a 1,440 km crude oil pipeline.
A joint statement issued after the meeting said the two were given presentations by Kenyan and Ugandan energy officials on the options for the route of the pipeline. Read more
Guinea monitors 816 Ebola contacts
Guinea has traced an estimated 816 people who might have come into contact with victims of the disease or their corpses during a recent flare-up in a village in the country’s southeast.
The country’s Ebola co-ordination unit said on Thursday it had discovered new cases of Ebola just hours after the World Health Organisation declared neighbouring Sierra Leone’s latest outbreak over. Read more
Zambia arrests 21 Zimbabwean fishermen for straying into territorial waters
Authorities in southern Zambia’s Siavonga District have arrested 21 Zimbabwean fishermen who strayed into Zambian waters, the country’s state media reported on Monday.
The fishermen were arrested on Sunday, after being found fishing on the Zambian side of Lake Kariba co-owned by the two countries, according to the Times of Zambia. Read more
Opposition leader arrested for defaming Zambian president
An opposition leader has been arrested for defaming Zambian President Edgar Lungu, said the police and the ruling party Patriotic Front on Monday.
Eric Chanda, leader of the Fourth Revolution Party and one of the presidential candidates in the election last year, was arrested for questioning the appointment of one of Lungu’s aides at a police station over a year ago, said the police spokesperson, Charity Munganga-Chanda. Read more
Canadian Libyan dual citizen has terrorism charges dropped in UAE
At a court hearing on Monday March 21 in Abu Dhabi UAE, Salim Alaradi, a Canadian-Libyan businessman unexpectedly had terrorism charges against him replaced with lesser charges.
Alaradi was arrested in 2014. He claims he was tortured during interrogation. The original charges had to do with alleged linkages he had to the February 17th Brigade and the Libya Dawn. The latter is now the main militia group supporting the General National Council(GNC) in Tripoli the rival government to the House of Representatives(HoR) in Tobruk. Read more
Tax office reveals list of 98 private companies that paid no tax
The Australian Taxation Office has revealed the tax details of more than 300 of Australia’s richest privately held companies in a new report published on Tuesday.
Of the 321 companies on the list of Australian-owned private companies with an income of $200m or more, 98 paid no tax and 123 companies paid about a third of their taxable income in tax. Read more
Donald Trump sells himself as ‘true friend of Israel’ to Jewish group AIPAC
Donald Trump began his appearance at the annual AIPAC conference in Washington DC by insisting he would not “pander” to his pro-Israel audience, claiming “That’s what politicians do.” But during a lengthy address designed to demonstrate the Republican front-runner’s foreign policy chops to the largest pro-Israel organisation in the US, he did little else.
Describing himself as “a lifelong supporter and true friend of Israel,” Mr Trump cited several examples of his loyalty to the Jewish state, including lending his plane to the then-Mayor of New York, Rudy Giuliani, to fly to Israel in the weeks after the 9/11 attacks. He also pointed out that his daughter Ivanka is due to give birth to a “beautiful, Jewish baby”. Read more
Panama Canal getting shallower due to El Niño drought, ships warned
The Panama Canal is to impose new depth restrictions on ships due to drought that has left water levels falling in lakes that form part of the waterway between the Atlantic and Pacific oceans.
Ships seeking to cross the waterway must comply with a maximum draught of 39 feet (11.89m) beginning on 18 April, authorities have said. Read more
Elephant rampage kills 5 in eastern India
TRAGEDY struck in eastern India at the weekend when a herd of elephants went on a rampage, killing at least five people in two separate attacks.
According to the Times of India, the attacks that took place in Burdwan on Sunday left another person injured, with a trail of destruction left behind when the four elephants strayed from a herd. Read more
South Korea confirms first Zika case
South Korea has confirmed its first case of the Zika virus, in a man who had recently returned from Brazil.
The Centers for Disease Control & Prevention said the 43-year-old was diagnosed on Tuesday and was being treated in Gwangju city. Read more
Visionary ex-Intel chief Andy Grove dies at 79
Andy Grove, the former Intel chief executive whose youth under Nazi occupation and escape from the Iron Curtain inspired an “only the paranoid survive” management philosophy that saved the chip maker from financial ruin in the 1980s, has died.
Intel said Mr Grove, 79 died on Monday. He had suffered from Parkinson’s disease and also battled prostate cancer in the mid-1990s. Read more