PASSENGERS STRANDED AT LAGOS DOMESTIC AIRPORTS OVER INCREASED FARES AS GROUP WARNS AMAECHI OVER JONATHAN

PASSENGERS STRANDED AT LAGOS DOMESTIC AIRPORTS OVER INCREASED FARES AS GROUP WARNS AMAECHI OVER JONATHAN

Sabinews Daily Morning News Update for December 26, 2014MORNING NEWS

 

National News

 

Passengers stranded at Lagos domestic airports over increased fares

Hundreds of intending passengers were yesterday stranded at the two domestic Lagos airports over hike in fares by airline operators.

The operators capitalised on the Christmas rush to increase their fares.
The News Agency of Nigeria (NAN) investigation showed that the air ticket for an hour flight currently ranged from N30, 000 to N43, 000, depending on the carrier.
This was against N18,000 to N30,000 a few days ago. Read more

Our members are dying daily, Abia pensioners cry out

The Nigeria Union of Pensioners, Abia State chapter, has said members are dying daily as a result of non-payment of their monthly pensions, gratuity and harmonization arrears. This was disclosed to reporters in Umuahia.

The union said the state government has subjected them to abject poverty, neglect and frustration, making them beggars over their right. Read more

Osinbajo campaigns in BRT bus, says Nigeria needs Buhari

The vice presidential candidate of the All Progressives Congress in the 2015 presidential election, Prof. Yemi Osinbajo, on Thursday said the country needed a man of integrity, such as the APC’s flag bearer, Maj. Gen. Muhamadu Buhari, to end corruption in the country.

Osinbajo, who joined passengers in the Bus Rapid Transit from the Tafawa Balewa Square to Barracks area of Lagos, urged Nigerians to vote for Buhari, saying the former military Head of State is the only one that can curb corruption in the country. Read more

Farmers receive N1.33bn in October under ACG scheme

A total of N1.33bn was guaranteed to 7,290 farmers under the Agricultural Credit Guarantee Scheme, ACGS, in October 2014, according to the Central Bank of Nigeria, CBN, 2014 Economic Report.

This figure the report said represented a decline of 10.9 per cent below the level in the preceding month but was an increase of 60.9 per cent above the level in the corresponding period of 2013. Read more

NICON to insure 125,000 Unity School pupils for N625m

To control the consequences of the Boko Haram insurgency and other forms of insecurity in the country, the Federal Government has hired NICON Insurance Plc to insure 125,000 secondary pupils in 104 Unity Schools across the country.

Each pupil is expected to pay N5,000 premium per annum. This means that the company will be raking in N625m from the schools’ 125,000 student population. Read more

Anglican Church urges Christians to be optimistic about Nigeria

The Church of Nigeria, Anglican Communion, has urged Christians to remain optimistic about Nigeria as they celebrate the birth of Jesus Christ.

The Primate, Most Rev. Nicholas Okoh, said this during Christmas service at St. Mathew’s Anglican Church in Abuja. Read more

APC plans post 2015 polls’ violence, PDP candidate alleges

All Progressives Congress, APC, has been accused of plotting to cause violence after next year’s general election, a candidate of the Peoples Democratic Party, PDP, for Osun East senatorial district in the 2015 polls, Chief Francis Fadahunsi, yesterday alleged.

He said the “huge media hype woven around the personality of APC presidential candidate General Muhammadu Buhari, since picking the party’s ticket is to give the whole world and ill-informed Nigerians impression that the election was rigged after he would have been defeated in the presidential poll next year.” Read more

The CPC in defence of consumers

One of the parastatals of the Federal Government whose activity is currently drawing public attention as a result of performance is the Consumer Protection Council (CPC). Though, this body has been in operation since 1999, but, Nigerians have not been feeling its impact satisfactorily until the new management team led by its Director-General, Mrs. Dupe Atoki came on board.

Before the latest development, Nigerian consumers were left at the mercy of the various service providers in the country; from the banking sector to telecommunication as well as the industrial or manufacturing sectors. For example, some banks were making illegal deductions from the accounts of some depositors; hazardous products flooded the market at ease, while telecommunication companies where delivering poor services, poor internet services and unabating network failures without regard for consumers. Read more

Rep tasks Nigerians on security, peaceful polls

A member of the House of Representatives, Hon. Abiodun Awoleye, has charged Nigerians in general to use the Yuletide period to pray for peaceful, free, fair and acceptable conduct of the elections.

The federal lawmaker who represents Ibadan North Federal Constituency on the platform of the All Progressives Congress (APC), made the appeal yesterday in Ibadan, Oyo State capital while speaking with journalists. Read more

Jonathan to politicians: Watch your utterances

Ahead of 2015 general elections, President Goodluck Jonathan has a word of advice for politicians: watch your utterances.

The President said such comments are overheating the polity, noting that those politicians do not mean well for the country. Read more

FG awards contract for shipwreck removal

In line with its plans of ensuring safer ship operations, the Federal Government has awarded a multi-million naira contract for the removal of wrecks on the nation’s waters.

The Director General/Chief Executive of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Ziakede Patrick Akpobolokemi, who made the disclosure at a recent interface with journalists revealed that the first phase of the contract covers Lagos and the South South areas of the country. Read more

Group warns Amaechi over Jonathan

A pro-President Goodluck Jonathan group has faulted the statement credited to the Rivers State Governor and Director-General of the Buhari Campaign Organisation, Mr. Chibuike Amaechi, during an interactive session with the media in Lagos, that the electoral map no longer favoured the president.

The group, Goodluck One-on-One Network (GON), at a press conference held in Port Harcourt, yesterday, cautioned politicians to desist from uttering comments capable of heating up the polity. Read more

 

Economy

 

Black market sells dollar 5% below official price –CBN

The Central Bank of Nigeria, CBN, has said that the postdevaluation band for naira is appropriately priced, but black market hawkers out on the street are trading it at around three to five per cent below its floor.

Despite an eight per cent devaluation of the target band and efforts last week to crack down on currency speculation by squeezing liquidity, the naira remains at record lows. Read more

Dangote urges young entrepreneurs to stay focused

Foremost industrialist, Aliko Dangote, has tasked young and upcoming entrepreneurs to always stay focused on achieving their dreams despite the many challenges of doing business in Nigeria.

Dangote, who gave the advice at the National Summit on Entrepreneurship and Innovation, with the theme: ‘Entrepreneurship, Job creation and Poverty reduction,’ in Lagos urged young entrepreneurs to focus on achieving their goals of establishing their businesses instead of dwelling on the challenges militating against their enterprises. Read more

 

 

Oil and Gas

 

Oil revenue falls by N132.5bn in four months

Nigeria witnessed a free fall in its gross oil revenue between June and October 2014 as it plunged by N132.5bn from N602.5bn to N470bn.

The latest monthly economic report of the Central Bank of Nigeria showed that although the oil revenue fell by N118.9bn between March and May, it moved up by N32.3bn in June. Read more

 

World News

 

China police fire on Tibetans after self-immolations – rights group

Chinese police have fired on Tibetan protesters demonstrating after a series of deadly self-immolations by people from Tibet campaigning against Chinese rule of their Himalayan region, a rights group said on Friday.

A monk was shot in the arm after police used teargas and opened fire during a clash with Tibetans outside a police station in the western province of Sichuan, which borders Tibet, British-based Free Tibet said in a statement. Read more

SKorea, US and Japan Share Intel on North Korea

South Korea says it’ll sign a trilateral intelligence-sharing pact with the U.S. and Japan next week to better cope with North Korea’s increasing nuclear and missile threats.

The U.S. has separate, bilateral intelligence-sharing agreements with South Korea and Japan, both American allies which are hosts to tens of thousands of American troops. Read more

 

 

Power

NERC suspends new electricity tariffs for residential areas

The Nigerian Electricity Regulatory Commis­sion (NERC) has sus­pended the implemen­tation of the newly approved tariff for residential consumers till June 2015.
This is contained in a state­ment signed by Mr Michael Faloseyi, the NERC’s Head of Media and made available to newsmen.
The statement said the tariff, which was signed, was a review of the Multi Year Tariff Order (MYTO) 2 to factor the losses that were now different. Read more

 

Sports

 

Babatunde: I’ll return to Eagles

Nigeria international and Volyn Lutsk player, Michael Babatunde has said he is ready to do all it takes to return to the Super Eagles team.

The midfielder, who clocked 22 on December 24, 2014, was yet to play for the country since suffering an injury against Argentina at the FIFA World Cup Brazil. Read more

Enyeama, Aubameyang, Toure make top three

Nigeria and Super Eagles shot stopper, Vincent Enyeama, Gabonese midfielder Pierre Emerick Aubameyang and three-time African Footballer of the Year, Ivorian midfielder Yaya Toure have been named in the final top three for the 2014 Glo-CAF African Footballer of the Year Award which will be held in Lagos, Nigeria on 8th of January, 2015.

According to the Confederation of Africa Football, CAF website, the trio made the cut following votes from Head Coaches or Technical Directors of the National Associations affiliated to CAF. Ghana’s Asamoah Gyan and Ahmed Musa of Nigeria failed to make the final list. Read more

INT’L FRIENDLY: Mali shuns Eagles

The Super Eagles tour of United Arab Emirates early next year has suffered a setback following the decision of Mali not to play the Dan Amokachi tutored Eagles.

Daily Sunsports reliably gathered that Mali’s decision not to play Nigeria might not be un- connected with the fact that the Eagles are embarking on the trip with mostly home-based players who the Malians believed wont give their team a good test ahead of their AFCON 2015 campaign. Read more

 

 

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