Sabinews Morning News Update for July 5, 2015
NFF Finally Sacks Keshi
The Nigeria Football Federation has terminated the appointment of the Super Eagles Coach Stephen Keshi.
A statement by the NFF Executive Committee, said: “having thoroughly reviewed the reports/findings of the NFF Disciplinary Committee and NFF Technical and Development Committee, as well as having reviewed the actions and inactions of Mr. Stephen Keshi, in the performance of his duties as Super Eagles’ Head Coach, which we found to lack the required commitment to achieve the Federation’s objectives as set out in the Coach’s employment contract. Read more
Buhari may probe CBN
President Muhammadu Buhari may extend his investigation into recent activities of some government agencies and departments to the Central Bank of Nigeria, SUNDAY PUNCH has learnt.
Buhari had while meeting state governors on June 23, stated that officials of the past government abandoned all financial and administrative instructions put in place in parastatals and agencies, therefore throwing the country into financial crisis. Read more
Mark Seeks Review of Education Curriculum
Immediate past President of the Senate, Senator David Mark has called for the review of the nation’s education curriculum, in order to the meet the needs of challenging times and provide solutions to problems.
This, he opined has become imperative to shift education from the traditional theoretical approach to practical solutions to problems in tandem with the global trend of qualitative and functional education. Read more
Boko Haram: We’re ready to negotiate from position of strength –Buhari
President Muhammadu Buhari has said that his government would only negotiate with the Boko Haram sect from a position of strength and not of weakness.
Buhari had in his inaugural speech on May 29 said priority of his government was to tackle the sect and put an end to insurgency in the country. Read more
Shettima urges fleeing villagers to return
Governor Kashim Shettima of Borno state has urged fleeing residents of attacked Zabarmari and Hadamari villages, as troops will provide protections against any Boko Haram attacks or bombings on the affected farming and herding communities in the state.
Addressing surviving residents of Zabarmari yesterday at the mosque, Governor Shettima said that the fleeing villagers trooping to Maiduguri to take refuge for safety should however; return to their respective houses. Read more
Six female suicide bombers kill scores in Borno
Scores of people were killed on Friday night at Zabarmari village, 10 kilometres from Maiduguri, Borno State, by six female suicide bombers who blew themselves up amid panicked villagers fleeing an attack by Boko Haram terrorists, the army and witnesses said yesterday.
The carnage caps a week in which the sect killed about 200 people in separate attacks in the state, the bloodiest being Wednesday night’s attacks on residents of Kukawa as they gathered in mosques for Ramadan prayers. Read more
Lagos Govt Denies Demolition of Ladipo Market
Lagos State government has denied that some parts of Ladipo market had been demolished, citing that Governor Akinwunmi Ambode has no plans to relocate the popular market.
The Executive Secretary of the Council, Jide Bello, in an effort to clear the air on the development in his office said the local council developer had moved in “to take ownership” of the market, but “we have no plan to demolish the market.” Read more
I’m Not Under House Arrest by EFCC, Says Kwankwaso
Former Kano State governor, Alhaji Musa Rabiu Kwankwaso has said that he was not placed under a house arrest by the Economic and Financial Crimes Commission (EFCC).
A lawyer, Okechukwu Eze who appeared for Kwankwaso in a case on Wednesday, had sought from the court a restraining order on EFCC from any attempt to arrest him, on the allegation of mismanagement of pension funds. Read more
‘FG Should Repay States’ Deductions Made on their Foreign Loans’
Former Osun state Commissioner for Finance and Economic Development, Dr. Wale Bolorunduro has urged the Federal Government to, as a matter of urgency, pay states over deductions made on their foreign loans by former President Goodluck Jonathan’s administration.
Bolorunduro stated this in Osogbo while reviewing the state of the economy over unpaid salaries that has turned the whole state to a beggar state while noting that if that is done by the federal government the situation of every state in the country would improve. Read more
Ebola Resurgence under Control, Liberia Assures Nigeria
The Government of Liberia has urged Nigerians not to express fear over the possible spread of Ebola Virus Disease (EVD), and assured that the resurgence is well under control.
The recent assurance was contained in a letter signed by the Minister Counselor for Press & Public Affairs, Liberian Embassy, Abuja, Mr. Nat Bayjay. Read more
Tambuwal, Oshomhole Head APC Governors’ Panels on N’Assembly Crisis
In continuation of efforts to calm fraying tempers in All Progressives Congress following the controversial emergence of the leadership of the National Assembly, APC governors have mandated Sokoto State Governor Aminu Tambuwal to liaise with the warring factions in the House of Representatives and come up with a suitable solution to the problem. Tambuwal, is the immediate past Speaker of the House of Representatives, and he’s believed to be best suited to lead the conciliatory move to work out a peace plan that would be acceptable to all sides in the House. Read more
Calabar Deep Seaport Ready in 18 Months, Says Ayade
Cross River State governor, Senator Ben Ayade has assured private investors that the proposed Calabar Deep Seaport would be ready for use in 18 months.
Governor Ayade gave the assurance on Saturday at the official unveiling of the 40 million litres capacity tank farm, Fynfield Petroleum, at the Calabar Free Trade Zone. He said his administration was desirous of creating a conducive environment for private sector to operate. Read more
Capital Market in Slide, as Investors Lose N107.6bn in One Week
The Nigerian capital market continued on its slide last week as the Benchmark index – All Share Index – sustained a bearish trend, losing 1.0 per cent per cent week-on-week to close at 32, 538.34 points on Friday. Hence, Year-To-Date losses are currently pegged at -6.1 per cent.
Last week alone, investors lost N107.6bn as market capitalisation reduced to N11.1 trillion W-o-W as against N11.2 trillion in the preceding week. Activity level within the market also waned as volume and value traded depreciated 15.3 per cent and 36.6 per cent to close at 138.5m units and N1.5bn respectively. Performance across the various sectors remained mix as the Oil & Gas Index gained the most appreciating 2.3 per cent W-o-W due to gains in Forte Oil (+4.4 per cent) and Seplat (+3.3per cent). Read more
Dangote Backs Central Bank’s Forex Restrictions on Rice, Toothpicks, Others
Following the criticisms by foreign media who are calling for a massive devaluation of the naira instead of foreign exchange restrictions on certain items such as rice and toothpicks by the Central Bank of Nigeria (CBN), Africa’s richest man and foremost businessman, Alhaji Aliko Dangote, has come out in strong support of the CBN’s decision, calling the ban on 41 items from forex market as “excellent and one of the best decisions taken so far by the CBN Governor, Mr. Godwin Emefiele.” Read more
Miners Urge Govt To Revive Ajaokuta Steel Mill
Stakeholders in the solid minerals sector have called on president Muhammadu Buhari to revive Ajaokuta steel mill, saying it is still a viable area for the nation’s economic growth.
The stakeholders, under the aegis of Progressive Miners Empowerment Association (PMEA) have written the President to be wary of a “clique of individuals”, who they alleged have deprived the sector of the desired growth for many years. Read more
Oil and Gas
Helios, Vitol Group Acquire Major Stake In Oando
A consortium comprising Helios Investment Partners and The Vitol Group has reached an agreement to acquire 60 per cent of the economic rights and 51 per cent of the voting rights in the West African downstream business of Oando Plc, an integrated oil and gas company with headquarters in Nigeria, for US$276 million.
The pact is subject to regulatory approvals and customary purchase price adjustments, including working capital. Read more
Ighalo Overrules Watford Over Chinese Offer
Super Eagles striker Odion Ighalo has ruled out any possibility of him joining Chinese second tier side Hebei China Fortune this summer.
Hebei China Fortune tabled a £10m offer for Watford’s 20 goal hero last season which has been accepted by the Hornets according to the player. Read more
Ubah Targets Continental Ticket
Managing director and proprietor of Ifeanyi Ubah football club of Nnewi, Chief Ifeanyi Ubah, has declared that his target for the team is to pick a continental ticket to represent Nigeria next season.
Speaking with journalists when he visited the national Under-23 team during one of their training sessions at the National Stadium goal project, during the week, he said the team has what it takes to do well and make the nation proud. “I’m very impressed with what I saw in the Under-23 team and I am very sure they will rule the world”. Read more
Olympic Qualifier Dream Team to train in Port Harcourt for one week
The Nigeria National U-23 men’s football team, the Dream Team VI will have at least one week of training in Port Harcourt, ahead of their CAF U23 championship qualifier against Congo.
The team is currently camped and training in Abuja, Nigeria’s capital, but will travel to Port Harcourt to train for at least a week, in order to ‘get used to the city and Stadium’. Read more
Egypt says 25 militants killed in air strikes
Egyptian warplanes killed 25 Islamist militants in North Sinai on Saturday, security sources said, as the Egyptian president visited the province after a major escalation of the conflict there.
The sources said the air strikes hit militant targets near the town of Sheikh Zuweid, destroying weapons and explosives caches. Read more
Tunisia declares state of emergency
President Beji Caid Essebsi on Saturday declared a state of emergency following last week’s beach massacre claimed that he said had left Tunisia facing a “special type of war”.
In another firm response to the June 26 attack claimed by the Daesh group that killed 38 foreign tourists, several officials were sacked, including the governor of the Sousse region where it took place. Read more
Dalai Lama begins three-day 80th birthday celebration
The Dalai Lama launches three days of celebrations on Sunday in California for his 80th birthday at what is billed as a Global Compassion Summit but which is expected to draw protests.
Thousands of followers and fans of the Tibetan spiritual leader are to attend events in Anaheim and at the University of Irvine, including on his actual birthday Monday. Read more
China shoe factory collapses, killing at least 9
A shoe factory collapsed in eastern China during a weekend shift, killing at least nine people and injuring more than 30, officials said Sunday.
Nine people escaped the collapse Saturday afternoon in the Zhejiang province city of Wenling. Rescuers pulled 42 people from the rubble and sent them to a hospital where nine of them died, the Wenling city government said on its microblog. Read more
US actress Diana Douglas dies aged 92
US actress and model Diana Douglas has died in Los Angeles aged 92, her family says.
Ms Douglas appeared in dozens of films and TV shows, including Planes, Trains and Automobiles, ER and The West Wing. Read more
Greece Votes on High-Stakes Bailout Referendum
Greeks started casting ballots early Sunday in the closely watched bailout referendum, with opinion polls showing people evenly split on whether to accept creditors’ proposals for more austerity in exchange for rescue loans, or defiantly reject the deal.
Polling stations are open until 7 p.m. (1600 GMT; noon EST). Read more
France and Germany intervened over World Cup votes, says Sepp Blatter
Fifa president Sepp Blatter has said that France and Germany applied political pressure before the 2018 and 2022 World Cups were awarded to Russia and Qatar, respectively.
Blatter told the German newspaper Welt am Sonntag that “there were two political interventions” from former French president Nicolas Sarkozy and his German counterpart Christian Wulff before the hosts were announced on 2 December 2010. Read more
China freezes new share offers in bid to shore up plunging stock markets
China has frozen share offers and set up a market-stabilisation fund, according to reports, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world’s second-largest economy.
The Wall Street Journal report that Beijing has suspended initial public offerings (IPOs) came a few hours after major brokers and fund managers collectively pledged to invest at least $19bn of their own money into stocks. Read more
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