Nigerian soldiers ‘execute’ 16
Sixteen men who were arrested by Nigerian soldiers in the country’s northeast were found dead just hours later with bullet wounds, community leaders said on Thursday, demanding an inquiry.
Troops rounded up 17 people, including an imam, from the Dogo Tebo area of Potiskum in Yobe state as they left a mosque after morning prayers on Wednesday. Read more
Fashola, APC fault federal task force on highways
Apparently in reaction to a clash between men of the Federal Task Force and Lagos State Traffic Management Authority (LASTMA) in Lagos on Monday, Governor Babatunde Fashola (SAN) and the All Progressives Congress(APC) in the State yesterday said the team currently parading as traffic officials on Lagos highways was illegal.
Fashola said the only agencies recognised by law to manage traffic in the State are the Federal Roads Safety Corps (for Federal roads) and LASTMA, adding that the “illegal” Federal Task Force were constituted to create confusion in the State. Read more
Lagos Ports Face Congestion As Agents Threaten Industrial Action
A strike threat by clearing and forwarding agents associations operating in Nigerian seaports may mean more than imagined for the country’s economy as a few days of not moving cargoes out of the Lagos seaports can cause the level of congestion that spells economic doom.
Another implication is a non accessible commercial city of Apapa in which thousands of man hours are already being lost to traffic gridlock daily. Read more
2015 budget: Govt may raise N2trn from domestic market
The Federal Government is to take N2 trillion domestic loans to stabilise the economy next year – no thanks to falling oil prices.
The move is to bridge the wide gap that would be created by the huge deficit as a result of the fall in government’s projected revenue for 2015. Read more
Air Force prepares aircraft for election duties
The Nigeria Air Force yesterday said it has prepared its transport planes, the Charlie-130 Hercules to assist in the movement of election materials for the 2015 general elections.
The Chief of Air Staff, Air Marshal Adesola Amosu, who gave the hint said also that its transport military aircraft would be airlifting troops to the North East to assist in fighting the insurgents currently taking towns in that area. Read more
Tukur Bemoans Resistance of Boko Haram to FG’s Overtures
Former chairman of the Peoples Democratic Party (PDP) Dr. Bamanga Tukur, yesterday decried the heightened spate of insurgency in the North East.
He lamented that the Boko Haram group has “refused to see reason to accept all the overtures put across to the group by the government as a demonstration of goodwill aimed at bringing to a halt all their activities against humanity and mankind”. Read more
ITF Set to Create Two Million Jobs
The Industrial Training Fund (ITF) has promised that in line with the transformation agenda of President Goodluck Jonathan, it will create two million jobs to Nigerians annually, noting that it has succeeded in creating 10 million jobs in the past years.
The Director General of the fund, Dr. Juliet Chukkas-Onaeko, who gave this assurance yesterday, said to improve radically on its job creation efforts and achieve the two-million job mandate given ITF, the fund was collaborating with relevant government agencies, non-government organisations, companies, and other relevant institutions in the various sectors of the economy to maximise the job creation potential of the various sectors and contribute meaningfully to the overall job creation capacity of the economy. Read more
CBN Ousts Importation of Generators, Others from Official Forex
Determined to stem the continued decline in the nation’s external reserves, the Central Bank of Nigeria, CBN, yesterday excluded importation of generators and some items from purchase of foreign exchange from the official foreign exchange market.
Meanwhile, the naira suffered its biggest daily depreciation in the interbank market yesterday, losing 285 kobo to the dollar. Read more
Aviation: Foreign airlines rake in N231bn from ticket sales
Foreign airlines operating in Nigeria raked in a total of N231 billion in ticket sales in 2013 financial year. This was as Nigeria’s domestic airlines managed a lean N73 billion within the same period.
Statistics on the operation of the nation’s aviation industry released yesterday by the Nigerian Civil Aviation Authority (NCAA), regulator of the industry, depicted an imbalance in the incomes of domestic and foreign airlines operating in the country. Read more
CBN Restricts Dollar Sales as Naira Sinks Below N170
With the price of crude oil heading south and the country’s foreign reserves under pressure, the Central Bank of Nigeria (CBN) yesterday banned the sale of dollars at its Retail Dutch Auction System (RDAS) to importers of telecoms equipment, power generators and finished products.
Others affected by the ban include importers of electronics, finished products, invisible transactions business and information technology. Read more
NIMASA DG Stresses Need for Collaboration
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Ziakede Patrick Akpobolokemi has stressed the need for collaboration to ensure the attainment of set goals in the maritime sector of the economy.
According to him, collaboration among government agencies and organs is required to enhance and promote sustainable development in the nation’s maritime sector. Read more
Oil and Gas
Uganda to sign licences with Total and Tullow Oil
Uganda will sign oil production licences with France’s Total and Britain’s Tullow Oil by the end of the year as it seeks to start commercial production by 2018, the energy minister said on Thursday.
Uganda found commercial deposits of oil in 2006 but production has been delayed in part because of wrangling over the government’s plan to build a refinery. Read more
Oil price: National Planning Minister urges states to develop contingency plans
Minister of National Planning, Dr. Abubakar Sulaiman, has advised states to develop contingency plans to complement Federal Government revenue should oil price decline continue.
The Minister gave the advice in Ibadan, Oyo State capital, recently in his keynote address at the meeting of the National Council on Development Planning (NCDP), which he chaired him with the states Commissioners for Economic Planning as members of council. Read more
EU scheme commits $350 million for research on Ebola vaccines, tests
The Europe Union and drugmakers pledged on Thursday to invest 280 million euros ($350 million) in Ebola research, with the lion’s share going to the testing and manufacture of potential vaccines.
The funding will go to projects backed by the Innovative Medicines Initiative (IMI), a public-private scheme jointly paid for by the European Commission and the pharmaceuticals industry. Read more
Ebola surging in Sierra Leone amid lack of treatment centres – U.N.
The number of Ebola cases is surging in Sierra Leone due to a lack of treatment centres, the United Nations said, while scarcity of food may also be forcing some people to leave quarantined areas, risking further spread of the virus.
The warning by the U.N. Mission for Ebola Emergency Response (UNMEER) came as Sierra Leone’s Deputy Minister of Health said Ebola had so badly damaged confidence in the West African country’s health system that many people were dying from other diseases as the sick refused to come to clinics for treatment. Read more
China police trace families of trafficked babies
Authorities in the southern Chinese province of Yunnan are searching for the parents of 11 infants rescued from a baby trafficking ring.
Police in the province’s capital, Kunming, released pictures of the babies to local media on Thursday with the hope of tracing their families. Read more
U.S. Seeks New Channels of Communication with Iran
U.S. President Barack Obama is attempting to open fresh channels of communication with Iran concerning the war with ISIS.
A Pentagon official says the channels have become “necessary” as Tehran and Washington are now operating in the same areas, CNN reports. Read more
Obama to host U.S. Congress leaders as post-election battles boil
Republican victors of Tuesday’s U.S. congressional elections break bread with Democratic President Barack Obama on Friday as the two sides assess what legislation can be enacted in coming months despite years of confrontation.
In the run-up to the lunch meeting at the White House, it was clear that in this post-election era, Obama and Republicans controlling the Congress next year would continue going at each other, just as they did before the Nov. 4 vote. Read more
FG says power generation hits 4,600MW
The Federal Government claimed on Thursday that for the first time in Nigeria’s history, it was able to generate 4,600 megawatts of electricity.
Before Thursday’s announcement, the country’s highest peak generated power was recorded on December 23, 2012 at 4,517.6MW. Read more
Azura’s giant stride to open investment in power sector gets commendation
The official entry of Azura Power Holding Limited into the race of Nigeria’s energy liberation following the groundbreaking ceremony led by President Goodluck Jonathan on October 10, 2014, in the ancient City of Benin, is set to dictate the tone for other interested investors in the sector to dance, experts have said.
Azura Power announced on May 5, 2014, that it has completed the signing of the key industry contracts of $750 million transaction being the first of a new wave of project-financed Greenfield IPPs currently being developed in Nigeria. Read more
Night to forget for Enyeama
It was a night to forget for Nigeria international goalkeeper, Vincent Enyeama as he failed to inspire French club, Lille OSC to a win on match day four of the Uefa Europa League group stages.
Lille was dismissed 3-0 by English club, Everton at Goodison Park on Wednesday night to virtually end their chances of reaching the knockout stages of the competition. Read more
FIFA writes Pinnick, congratulates Kano Pillars
World football governing body, FIFA has kept its pledge of monitoring intensely events in Nigeria football, as the body on Thursday congratulated newly –crowned Nigeria Premier League champions, Kano Pillars.
In a letter addressed to NFF President, Mr. Amaju Pinnick and personally signed by FIFA President, Mr. Joseph S. Blatter, FIFA commended the entire Kano Pillars family for a job well done and also highlighted the capacity of football to transform societies. Read more
Eagles play Ghana today
Home-Based Super Eagles will have a great opportunity of breaking into the main Super Eagles when they play Ghana Olympic team, the Black Meteors in an international friendly in Uyo today.
Matches between these countries have always produced the best of football because of the rivalry between them. Today’s friendly won’t be an exception with presidents of both countries expected to grace the occasion. Read more
ITTF rankings: Quadri moves up 43 spots
Nigeria and Africa’s lone representative at the just-concluded International Table Tennis Federation World Cup in Dusseldorf, Germany, Quadri Aruna, has moved up 43 spots in the latest rankings released by the federation while his compatriot Ojo Onaolapo has won his first major title in the Italian League.
Quadri, who became the first African to reach the quarter-finals of the World Cup in modern times, moved up from the 70th spot he occupied in the October rankings to 30th in the rankings released on November 4 by the ITTF after raking in 2246 points. Read more
President Jonathan commissions Ak/Ibom Int’l Stadium
There is a big buzz in the South –South region of Nigeria as three Heads of Governments from across the West African sub –continent gather for the elaborate commissioning of one of the most magnificent sporting infrastructure in Africa.
President Goodluck Jonathan, GCFR will lead Ghanaian leader, Dr. John Dramani Mahama and Ivorian Head of State, Dr. Alassane Ouattara to the stately Akwa Ibom International Stadium, Uyo this evening, with Governor Godswill Obot Akpabio, CON, as Chief Host. Read more
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