NMA RECOMMENDS PSYCHIATRIC TESTS FOR POLITICIANS AS PENGASSAN TO EMBARK ON A THREE-DAY WARNING STRIKE

NMA RECOMMENDS PSYCHIATRIC TESTS FOR POLITICIANS AS PENGASSAN TO EMBARK ON A THREE-DAY WARNING STRIKE

Sabinews Daily Morning News Update for December 8, 2014MORNING NEWS

 

National News

NMA recommends psychiatric tests for politicians

Nigeria Medical Association (NMA) has recommended that all politicians seeking various offices in the next general elections should be made to undergo psychiatric tests to determine their mental state.

The NMA, in a communique at the end of National Executive Council meeting in Jos, said all psychiatric doctors have been advised to register with the Independent National Electoral Commission to supervise such tests. Read more

Intercepted Aircraft Belongs to U.S. – Russia

Following the interception of a Russian-made cargo aircraft carrying arms by security operatives at the Mallam Aminu Kano International Airport in Kano state on Saturday, the Russian embassy in Abuja has made a move to clear the air, stating that though the intercepted plane is Russian, the arms on board did not belong to Russia.

According to a statement released yesterday by the embassy, the plane, with registration number RA H20 38, was carrying the cargo of the French peacekeeping mission in Chad routing from Bangui, the capital of Central African Republic to N’Djamena when it was forced to make an emergency landing in the Kano International Airport. Read more

Nigeria to launch indigenous satellite in 2018 – Minister

In the bid to hasten the pace of socio-economic development in Nigeria, the Minister of Science and Technology, Dr Abdu Bulama, has revealed that Nigeria would launch its fi rst “made-in-Nigeria satellite” by 2018.

Bulama said that science and technology would fast track the Federal Government’s transformation agenda and sustain the growth of national economy. Read more

Violence mars APC Reps primaries in Lagos

The Federal House of Representatives primaries of the All Progressives Congress (APC) held in Lagos on Sunday recorded violence in Mushin and Ifako/Ijaiye areas of the state.

In Mushin, suspected thugs went on rampage when the voting commenced, damaging some property in the process. Read more

Akpabio, Orji, Jang, others pick PDP Senatorial tickets

The Peoples Democratic Party (PDP) on Sunday held a nationwide Senatorial primaries in which Governors Godswill Akpabio of Akwa Ibom, Theodore Orji of Abia and Jonah Jang of Plateau States among others emerged victorious. Read more

NCAA warns pilots against harmattan hazard

An online statement by spokesman of the agency, Mr. Fan Ndubuoke, stated that the warning was crucial as harmattan haze is an obvious threat to aircraft particularly in terrain of low visibility.

The statement advised pilots and airline operators to be safety cautious in their operations in the interest of safe flight operations in and out of Nigeria airspace, adding that the alert is in line with the Seasonal Rainfall Prediction issued by the Nigerian Meteorological Agency, NIMET, on the cessation of rainy season in 2014. Read more

Nigeria winning war against corruption – Presidency

The Presidency, on Sunday, said contrary to what many might believe, Nigeria is winning the war on corruption under President Goodluck Jonathan’s watch.

It said although it might not be immediately clear to many, the fight against corruption has been taken several notches higher since Jonathan came on board. Read more

Katsina guber aspirants shun Buhari

Six gubernatorial aspirants that lost bid to clinch the All Progressive Congress, APC, ticket in Katsina State have boycotted a meeting with Gen. Muhammadu Buhari (rtd).

Buhari, a presidential hopeful of the APC who was in the state to meet with party delegates ahead of Wednesday’s presidential primaries in Lagos State, had invited all of them for the meeting, but they refused. Read more

Lagos PDP promises free, fair, credible primary today

Ahead of Peoples Democratic Party, PDP, governorship primaries holding today in Lagos, the party has promised all aspirants level playing ground, assuring that today’s primaries to produce an acceptable result to all stakeholders.

State party chairman, Tunji Shelle, said this in a release made available to newsmen yesterday, saying: “An elective process that we promise must be free, fair and credible. We will not give room for any hiccup as we know that Lagosians are hoping on us to take over governance from the ruling All progressives Congress, APC. Indeed at the end of the process, Lagosians will find our choice acceptable to them.” Read more

 

Economy

 

CBN Partners Ministry of Trade, Others on Import Substitution Policies

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed plans by the bank to collaborate with the Ministry of Industry, Trade and Investment, Ministry of Agriculture as well as the National Youth Service Corps (NYSC) to promote import-substitution policies in the country.

Emefiele said this in a keynote address presented at the 48th annual bankers’ dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos at the weekend.

The move, according to the CBN governor, would help to reposition the economy in view of the challenges posed by the falling price of crude oil. Read more

UBA Capital Boss Proffers Way Forward for Capital Market

For the nation’s capital market to achieve the desired growth and play its capital formation role in the Nigerian economy, there must be a synergy among the regulators in the financial sector.

Group Chief Executive Officer, UBA Capital Plc, Mrs. Oluwatoyin Sanni, stated this at the weekend at the annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos.

Speaking on the topic, “Sustaining Capital Market Recovery,” Sanni said there must be a  regulatory synergy among the different arms of financial markets and industry regulators to avoid another crash of the nation’s capital market. Read more

CBN Auctions N129.18bn Treasury Bills

The Central Bank of Nigeria last week auctioned treasury bills worth N129.18 billion via the primary market.
A breakdown of the debt instrument sold by the regulator showed that it was made up of 91-day bills worth N27.85 billion; 182-day bills worth N30 billion; and 364-day bills worth N71.33 billion.

The auctions were however off-set by treasury bills of equivalent maturities and values as at last Thursday. Read more

 

Oil and Gas

 

PENGASSAN to Embark on a Three-day Warning Strike over Non-passage of PIB

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has concluded plans to embark on a three-day warning strike in protest against the delay in the passage of the Petroleum Industry Bill (PIB) and other anti-labour activities of employers in the oil and gas sector.

The warning strike follows the expiration of the 14-day ultimatum issued by the National Executive Council (NEC) of PENGASSAN to the federal government and other concerned employers’ and agencies in the sector. Read more

Plunging oil prices threaten $150b oil, gas projects

Global oil and gas exploration projects valued at more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, potentially curbing supplies by the end of the decade.

As big oil fields that were discovered decades ago begin to deplete, oil companies are trying to access more complex and hard to reach fields located in some cases deep under sea level. But at the same time, the cost of production has risen sharply given the rising cost of raw materials and the need for expensive new technology to reach the oil. Read more

Investors Count Losses in Seplat, Caverton as Stocks Plummet

Investors in Seplat Petroleum Development Company Plc and Caverton Offshore Support Group Plc (Caverton), two companies that got listed on the Nigerian Stock Exchange (NSE) are now counting losses in their investments following persist declined in the share prices of the firms. Read more

 

World News

 

Four Killed As Typhoon Slams into Philippines

At least four people have been killed as a typhoon with winds of up to 130mph battered the Philippines, knocking out power and bringing down trees.

Nearly 900,000 people fled their homes for shelters ahead of Typhoon Hagupit hitting Samar Island in the east of the country, still reeling from last November’s devastating storm which left more than 7,300 people dead or missing. Read more

Opposition Party Protests in Major Pakistan City

A police officer says an opposition party in Pakistan is blocking roads in a major city to protest against the government.

Police officer Ahmad Bilal says the party of politician Imran Khan, a former cricket player, also began burning tires Monday in Pakistan’s eastern city of Faisalabad, a major economic hub. Bilal says there were some clashes between Khan’s supporters and security forces. Read more

U.S. Relations with Israel Remain in Frozen Embrace Until Elections

The rule of thumb in Israeli politics has it that the moment new elections are called, affairs of state go into the deep freeze, not to thaw until a new government emerges months later. There have been exceptions — in 1981, Menachem Begin ordered the surprise strike on Iraq’s Osirak nuclear reactor three weeks before nationwide balloting — but none were in evidence at the annual conference of U.S. and Israeli leaders convened this past weekend at the Willard Hotel in Washington, D.C. Read more

Japanese recession worse than thought

Japan’s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world’s third-largest economy ahead of an election on Sunday.

Data for both business and public spending were worse than anticipated. Most economists had forecast an upward revision of earlier figures showing a 1.6% contraction. Read more

Mexico says evidence proves missing students were incinerated

Mexico said on Sunday that mounting evidence and initial DNA tests confirmed that 43 trainee teachers abducted by corrupt police 10 weeks ago were incinerated at a garbage dump by drug gang members, although forensic experts sounded a note of caution. Attorney General Jesus Murillo confirmed that one of the students had been identified by experts in Austria from a bone fragment in a bag of ash and bits of burned tire found in a river where drug gang members said they tossed the students’ remains. “This scientific proof confirms that the remains found at the scene coincide with the evidence of the investigation,” Murillo said. “We will continue with the probe until all the guilty have been arrested.” Read more

Moroccan lawmaker dies after being hit by train

A Moroccan lawmaker close to Prime Minister Abdelilah Benkirane was killed in a train accident on Sunday, his party said.

The incident involving state minister Abdellah Baha occurred at about 18:00 in the city of Bouznika, his Justice and Development Party told AFP. Read more

 

Power

 

55% electricity consumers not metered, says Nebo

Minister of Power, Prof. Chinedu Nebo, has said that about 55 per cent of total electricity customer popula­tion is not metered.

Nebo, who gave the shock­ing revelation in his presenta­tion entitled, ‘‘Nigeria Power Sector’’ at the 4th Annual Cap­ital Market Committee Retreat of the Security and Exchange Commission (SEC) held re­cently in Abuja, said that in order to bridge the huge meter­ing gap, the Ministry of Power will to begin the enforcement of the business plans of the various electricity distribution companies (Discos). Read more

 

Sports

 

Siasia struggling to grab Arsenal’s Ajayi

The Nigeria Football Federation are battling to secure the release of Arsenal center back, Semi Ajayi  for Nigeria’s Under 23 National Team training camp, according to his agent.

Coach Samson Siasia has always maintained that the 21-year-old was in his plans, and true to his words, he has summoned the ex Flying Eagles defender along with 46 other players for a screening exercise. But club commitments with the Gunners might prevent Semi Ajayi from embarking on the 2,960-mile journey from London to Abuja this month. Read more

Musa thrilled with CSKA match winner

Ahmed Musa has told AfricanFootball.com  that he is thrilled to score the only goal that gave champions, CSKA Moscow a 1-0 win over Kuban Krasnodar on Saturday.

CSKA Moscow are now second on the Russian Premier League table with 34 points from 17 games. Nigeria international, Ahmed Musa scored the only goal of the game on the stroke of half time. Read more

Another FIFA ban looms for Nigeria

Nigeriais again in danger of another FIFA ban should the country not adopt a common decision on the results of the recent NFF executive committee elections.

FIFA could also be forced to sack the executive committee altogether and appoint a harmonisation committee in their place. Read more

NFF Appeals Committee: Chairman sacked by members

The crisis rocking Nigerian football took another dramatic turn at the weekend as members of the Nigeria Football Federation (NFF) 2014 Electoral Appeals Committee passed a vote of no confidence on its chairman, Barrister Okechukwu Ajunwa.

The drama started on Wednesday when members of the committee upheld the September 30 polls that produced the Amaju Pinnick-led executive board of the NFF, only for Ajunwa to nullify the same elections, just 24 hours later. Read more

 

 

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