October 18, 2017

*No plans to slash petrol price —NNPC* *Rioters kill Lekki free trade zone MD, Disu*

*No plans to slash petrol price —NNPC* *Rioters kill Lekki free trade zone MD, Disu*

Sabinews Morning News Update for October 13, 2015

National News

No plans to slash petrol price —NNPC

The Nigerian National Petroleum Corporation has debunked claims that it is planning to slash the pump price of Premium Motor Spirit, otherwise called petrol, to N57 per litre.

This was in reaction to social media reports of a reduction in current pump price of petrol from N87 per litre to N57. Read more

Rioters kill Lekki free trade zone MD, Disu

Residents of Okunraiye community in the Ibeju-Lekki area, one of the communities hosting the Lekki Free Trade Zone on the Lekki-Epe Expressway of Lagos State, on Monday clashed with policemen during which the Managing Director of Lekki Worldwide Investment Company, Mr. Tajudeen Disu, was killed.

Trouble reportedly started in the community around 10am when some gun-wielding hoodlums from the community approached workers on the site and ordered them to pay or stop work. Read more

Controversy as soldiers shoot man in Benin

A man that was allegedly brutalised and shot on the leg by some soldiers in Benin, the Edo State capital, has raised the alarm over what he called the inhuman treatment meted out to him.
But the Nigerian Army has insisted that the man, Mr. Daniel Owie, is an armed robber, who attempted to snatch the soldiers’ vehicle.
The soldiers, who were reportedly led by an Army Captain, actually brutalised Owie before shooting him on the leg. Read more

Oando Inaugurates Multi-million Dollar Road Project in Apapa

Oando Marketing Plc has inaugurated a multi-million dollar project to ease access to its Apapa depots and alleviate the sufferings of motorists and other road users in the area.

Speaking at the recent inauguration of the project, the Chief Executive Officer of Oando Marketing Plc, Mr. Abayomi Awoboku said Apapa had been very hospitable to Oando since the company’s terminal was built almost 50 years ago. Read more

Amnesty Int’l alleges more violations in Nigeria

Amnesty International, yesterday, maintained that despite remarkable things that Nigeria had achieved within a short period, serious violations had continued unpunished.

The body, in a statement in Abuja yesterday, said it had opened a new office in Nigeria to be headed by Ambassador M. K. Ibrahim. Read more

Security tightened as Boko Haram infiltrates Lagos

The military and other security agencies have beefed up surveillance around critical infrastructures in Lagos.

This move, it was learnt was as a result of the infiltration of some Boko Haram commanders and elements into Lagos and other southern states. Read more

Election tribunals sack PDP senators Abaribe, Nnaji

The election petition tribunal sitting in Abia State has declared Mao Ohuabunwa winner of the Abia North senatorial election.

Ohuabunwa was declared winner after the addition and deduction of votes cast for him and the petitioner, Chief Bourdex Ogba Onuoha. Read more

APC denies complicity in Alamieyeseigha’s death

Leaders of All Progressives Congress (APC) in Bayelsa State have described as shameful, allegations by some Peoples Democratic Party (PDP) politicians that the party was behind the death of the first civilian governor of the state, Chief Diepreye Alamieyeseigha.
The APC in a statement issued yesterday in Yenagoa, by the state Publicity Secretary, Fortune Panebi, described the allegation as a wicked way of playing politics with the demise of the former governor.  The party said the allegation was a clear attempt by the incumbent administration in the state to cover up its inadequacies in the area of health facilities despite claims by Governor Seriake Dickson’s administration that it had spent billions of naira in upgrading and refurbishing medical facilities in the state. Read more

22 die in Anambra truck accident

No fewer than 22 persons including five masquerades were crushed to dead in a truck accident in Umuchu, Aguata Local Government Area of Anambra State.

The accident occurred at about 7.30pm on Sunday. Read more

Economy

Nigeria Loses N200 Billion to Fraudulent Auctioning of Seized Cargoes

The Nigerian Association of Auctioneers (NAA) has said Nigeria lost about  N200 billion in four years to fraudulent disposal of seized goods by the Nigeria Customs Service (NCS).

In a statement by the NAA General Secretary, Isibor Benjamin Abhulimen, which was obtained by THISDAY, the auctioneers alleged that ‎the huge loss was recorded because the previous administration was not transparent in the disposal of seized cargoes. Read more

Forte Oil Partners First Bank, Interswitch on New Payment Solution

Forte Oil (FO) Plc has partnered First Bank of Nigeria Plc and Interswitch to develop a payment solution in the form of loyalty prepaid card, designed to reward the patronage of the customers of the integrated energy solutions provider.

Speaking at the weekend in Lagos during the inauguration of the payment solution tagged: “FO Advantage Card,” the Group Chief Executive Officer of Forte Oil Plc, Mr. Akin Akinfemiwa stated that in partnership with  First Bank of Nigeria Plc and Interswitch, the card will be issued as part of Forte Oil’s nationwide customer loyalty and reward programme. Read more

CBN debunks recession fears, says exclusion of 41 items from forex market stands

Governor of the Central Bank of Nigeria, (CBN), Mr Godwin Emefiele, has debunked fears in some quarters that the Nigerian economy was heading to a recession following two consecutive quarters of slow GDP growth.
Emefiele, who was head of Nigeria’s delegation to the just-concluded World Bank/IMF annual meetings in Lima, Peru, said that the mounting anxiety over recession was untenable as the incidence of economic slowdown was not peculiar to Nigeria, but rather a global issue. Read more

CBN’s restrictive forex policy stays, says Emefiele

The Central Bank of Nigeria (CBN) will continue to deny importers access to foreign exchange (forex) to bring in goods which can be produced locally, its Governor, Mr Godwin Emefiele, has said.

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Emefiele, who made this known in Lima, Peru, said  the policy was not up for review. Read more

Oil and Gas

Navy takes battle against oil thieves to Warri communities

Men of the Nigerian Navy in Warri, Delta State, have taken the battle against oil thieves to the creeks. They have continued to bombard various illegal refineries and fuel dumps in the creeks and waterways of Delta State.
Investigation by this reporter revealed that no fewer than 50 illegal refineries and fuel dumps have so far been destroyed in the last three months. Read more

Nigeria Produced 445m Barrels of Oil, 1, 677bcf of Gas in Seven Months

A monthly report of the activities of the Nigerian National Petroleum Corporation (NNPC) has shown that from January to July 2015, a period of seven months, Nigeria produced 445 million barrels (mb) of crude oil and condensates.

The report, which was released by the NNPC in Abuja, also showed that within the same period, a total of 1,677 billion cubic feet (bcf) of gas was produced by the country and sold in the domestic and export markets. Read more

Nigeria May Curtail Ghana Natural Gas Supply Over Debts

Nigeria may curb the supply of natural gas to Ghana because the country hasn’t paid more than a year of bills for the fuel, the West African Gas Pipeline Corporation said.

Ghana stopped paying for the fuel from Africa’s largest economy in August of 2014, Harriet Wereko-Brobby, spokeswoman for the pipeline company, told Bloomberg. Read more

LPG Supply Crisis Looms as PPPRA Insists on Pricing Templates from Off-takers

The current smooth supply of Liquefied Petroleum Gas (LPG), popularly called cooking gas in the country may soon face some hitches following a directive by the Petroleum Products Pricing Regulating Agency (PPPRA) for the LPG off-takers to submit their pricing templates to the agency, THISDAY has learnt.

The price of LPG in Nigeria is not regulated by the PPPRA and is supplied to the domestic market at the international market price by the Nigeria Liquefied Natural Gas (NLNG) Limited. Read more

OPEC forecasts oil price falls till 2017

Hope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting Countries, OPEC, has predicted that the price will not rise until 2017.

The Secretary-General of OPEC, Mr. Abdalla El-Badri, said at the Annual Oil & Money Conference in London, that the decline in global crude oil prices may not abate until 2017, as the market is expected to rebalance within two years. Read more

NNPC, marketers close deals to clear N190.56bn subsidy arrears

A move aimed at clearing the N190.56 billion  Petroleum Support Fund(PSF) otherwise known as subsidy claims owed marketers has been unveiled by the Nigerian National Petroleum Corporation (NNPC).

Its Group Managing Director, Dr. Ibe Kachikwu, disclosed this at a meeting with members of the Major Oil Marketers Association of Nigeria (MOMAN) alongside the Depot and Petroleum Products Association (DAPPMA) held in Abuja yesterday.
Recall that MOMAN had, last July 22, warned the Federal Government to prevent another round of fuel scarcity by ensuring that the backlog of about N190.56 billion in subsidy claims were cleared without delay. Read more

NNPC to Explore Alternative Funding to Offset Subsidy Debts to Oil Marketers

The Nigerian National Petroleum Corporation (NNPC) monday said it would explore new financing mechanisms to offset outstanding debts on subsidy claims which the federal government owes petroleum marketers in the country.

The corporation also stated that it would reach out to relevant creditors such as the banks in the country to ease off extant repayment pressure on marketers and extend the credit lines offered by them. Read more

Power

‘Power Plants Consumed 139bcf of Gas in Seven Months’

A monthly report by the Nigerian National Petroleum Corporation (NNPC) has indicated that the thermal electricity generating plants in the country consumed about 139 billion cubic feet (bcf) of natural gas, out of the 934 bcf produced in the country.

The report, which contains financial activities and operations of the NNPC from January to July 2015, showed that out of the 934 bcf produced for commercial activities, 210 bcf was dedicated to meet the oil industry’s supply obligation to the domestic market, with the power sector taking 139 bcf, leaving other sectors with 71 bcf. Read more

FG, TE Connectivity to boost power supply

The Federal Government has entered into a partnership with an original equipment manufacturer, OEM, TE Connectivity, to cut down on technical losses in the electricity sector and boost Nigeria’s quest for the attainment of 20,000 megawatts by 2020.

The agreement which was entered into by the National Power Training Institute of Nigeria, NAPTIN, will see experts from TE Connectivity train NAPTIN’s facilitators and technical workers of electricity distribution companies, DISCOs, by providing technical training on the connectivity required to enhance power systems. Read more

UK to partner Nigeria in resolving electricity crisis

The United Kingdom has pledged to assist Nigeria in resolving its power supply crisis, saying that it is committed to the nation’s stability and development by sharing her skills, knowledge and expertise.

The UK said it would see how its investment in the solar energy market could provide a clean and reliable answer to the nation’s energy access problem. Read more

Sports

Musa, Enyeama On CAF APOTY List

The Confederation of African Football (CAF) has nominated 37 players for the prestigious 2015 CAF Player of the Year award.

In a press statement released on the Sunday, the African football ruling body reeled out the nominations for the Africa Footballer of the Year award and the Africa Footballer of the Year award for players based in Africa. Read more

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Eagles: We’re not there yet, says Pinnick

The Nigeria Football Federation president, Amaju Pinnick has said that he was impressed with the Super Eagles’ performance against Cameroon in Belgium on Sunday.

The Sunday Oliseh-led team spanked the Indomitable Lions 3-0, a revival of their  disappointing outing Thursday. Read more

Victory over Cameroon saved Oliseh – Senator

As Nigerian soccer analysts continue to comment on the double header international friendlies against Congo last Thursday and Cameroon on Sunday in Belgium, a former member of the executive committee of the Nigeria Football Federation (NFF), Senator Obinna Ogba says the 3-0 win over Cameroon has saved Super Eagles Chief Coach, Sunday Oliseh from critics and Nigerian football fans.

Ogba who is also the proprietor of Ebonyi Angels told journalists in Abuja that Super Eagles 2-0 defeat by Congo in the first match was due largely to the disagreement between Oliseh and former team captain, Vincent Enyeama. He observed that the fracas affected the Super Eagles. Read more

World News

Africa feels targeted by the ICC – Mahama

Ghana’s President John Mahama has revealed that Africa is suspicious of the International Criminal Court (ICC).

In his view, the world’s judicial body must be willing to take on board the “concerns” of Africa if it wants to be viewed fairly by the continent. Read more

Kenyan ‘cons’ British woman

A British grandmother, who thought she had found a soulmate in a Kenyan man she funded, has learned he has been seeing 46 other women across the world.

Judith Stillwell, a 61-year-old former teacher and divorced parish councillor, met Ovi Elias in 2009 through a UK dating site, where he told her he lived in London. Read more

It can only get better say Kenyan tourism sources

Presently are 174 hosted buyers and about a dozen invited media organization representatives in Kenya, travelling across the country to sample and experience the wide range of attractions the country offers to tourist visitors.

The pre-Magical Kenya Travel Expo 2015 tour coincided with the release of data by the Kenya National Bureau of Statistics, that even in August visitor numbers to the country declined by 24.1 percent, from 93.427 in 2014 to only 70.878 in August 2015. The July figure was given as 78.243 which coincided with the visit of President Obama into Kenya and the arrival of thousands of participants in the Global Entrepreneurship Summit which President Uhuru Kenyatta hosted with his American counterpart. Read more

Stabbings, and Deadly Responses, Add to Israel’s Security Challenge

Despite an Israeli security crackdown that includes giving the police greater leeway to open fire and mobilizing 1,400 border police reserve officers, Israel is struggling to contain a spasm of violence.

Palestinians carried out four attacks against Israelis in Jerusalem on Monday alone. Read more

New recruits to Hindu cause hear anti-Muslim message

As a teenager, Uttam Shaha says he used to watch scornfully from his bedroom window as men in brown shorts performed martial exercises in a car park below. Like many Indians then, he viewed the Rashtriya Swayamsevak Sangh (RSS) as a fringe group.

Now 43, Shaha is a recent RSS recruit in Kolkata, the capital of West Bengal. He joined about 50 volunteers for an indoctrination meeting last year at that same car park near RSS headquarters in Kolkata. As dusk set in, they sat cross-legged on a faded rug before a statue of Bharat Mata, a representation of India in the form of a mother goddess. Read more

‘Redskins’ banned in California as name for public school sports teams

Four California high schools will be forced to change mascots after the state governor, Jerry Brown, signed laws making the state the first to bar public schools from using the Redskins name for sports teams.

The mascot legislation signed on Sunday will prevent public schools using a term that Native Americans regard as offensive. The law, which goes into effect in 2017, is unique to California. Read more

New Zealand Man Found Guilty in Australia of Terror Charges

A New Zealand man was found guilty in an Australian court Tuesday of trying to enter Syria to fight alongside extremists, despite his claims that he was simply on his way to Denmark to meet his fiance.

Amin Mohamed, 25, was convicted in Victoria state Supreme Court of three counts of attempting to enter a foreign state to engage in hostile activities. He could face up to 10 years in prison on each count when he is sentenced. Read more

Hunter survives 6 days without water in Australian Outback

A 62-year-old recreational hunter lost in a hot and arid region of the Australian Outback survived without water for six days by eating ants, police said Tuesday.

Reg Foggerdy left a car driven by his brother late Wednesday in pursuit of a camel in the Great Victoria Desert in Western Australia state, Police Superintendent Andy Greatwood said. Read more

No more nudes in Playboy magazine, centerfold’s future at risk – report

Now readers of Playboy, the glossy men’s magazine known for its nude fold-outs, can honestly say they are buying the magazine for its articles.

Playboy will no longer publish nude photographs of women, the New York Times reported on Monday in an article quoting Scott Flanders, the company’s chief executive. Read more

China’s army sends vehicles seized in graft crackdown to border areas

Vehicles seized by the Chinese military during a crackdown on corrupt and extravagant practices have been sent for use by units working on China’s remote border areas, the army’s official newspaper said on Tuesday.

The armed forces have become a focus of President Xi Jinping’s determination to root out deeply ingrained graft including bribery, which often takes the form of lavish gifts to officials or extravagant spending of government funds. Read more

 

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