March 23, 2019



Sabinews Midday News Update for December 24, 2014MIDDAY NEWS


Property seized by B/Haram seen in Chad

Equipment, vehicles and goods belonging to government and other Nigerians reportedly stolen by Boko Haram insurgents have been smuggled to the Republic of Chad, officials said yesterday.
Nigerian ambassador to Chad Mohammed Dauda and Adamawa state government officials confirmed the report saying steps to recover the items had been taken already.
“Yes, we heard about the story and then we also received a report from Nigeria, urging us to investigate the whereabouts of the stolen equipment from Mubi by the Boko Haram members,” Ambassador Dauda said in an interview with BBC Hausa service yesterday. Read more

DSS clears Modu Sheriff for Borno senatorial election

Former governor of Borno State, Senator Ali Modu Sheriff, will contest for the Borno Central Senatorial seat after being cleared recently by the Department of State Security Services (DSS) over alleged sponsorship of the Boko Haram Islamist sect.

With this security clearance, Sheriff will contest on the platform of the Peoples Democratic Party (PDP) after submitting the Borno Central Senatorial ticket through a consensus arrangement said to have been reached in Abuja. Read more

President Proposes Hall of Shame for Criminals

President Goodluck Jonathan on Tuesday suggested the establishment of Hall of Shame where names of criminals and societal misfits could be sourced to serve as deterrent to those nursing the idea of criminality in the country.

Jonathan made the proposal while responding to the request of the Legends of Nollywood, led by its Chairman, Paul Obaziele, at the Presidential Villa. Read more

Stock Market Sustains Positive Momentum With 4.51% Gain

The Nigerian equities market sustained it positive momentum yesterday as investors take position on hugely discounted stocks for possible future gains. At the closing bell yesterday, the Nigerian Stock Exchange (NSE) All Share Index rose by record 4.51 per cent s to close at 32,786.00  from 31,371.91 the previous day.

In the same vein, the market capitalisation of appreciated by N466.85 billion to N10.82 trillion from N10.35 trillion the prior trading day. Read more

BoI Signs MoU with 10 Banks for SMEs

The Bank of Industry (BoI), yesterday signed a memorandum of understanding (MoU) with 10 Small Medium Enterprises (SME)-friendly banks geared towards the development of a virile SME sector in Nigeria.

The banks are Access Bank, Diamond Bank, Ecobank, Fidelity Bank, First City Monument Bank, First Bank, Stanbic IBTC, Standard Chartered, Skye Bank and United Bank for Africa. Read more

Jang presents budget of N215.4bn for 2015

Plateau State Governor, Jonah Jang, has presented a budget proposal of N215,465,835,418.00 for the 2015 fiscal year to the Plateau House of Assembly.

The budget, tagged ‘Budget of Transition and Inclusive Growth (V)’   is focusing on the completion of on-going projects and ensuring a gradual transition of the present administration and smooth takeoff of the incoming administration. It, however, had a drop of about 4.26 per cent from that of last year’s estimate due to dwindling economic fortunes of the country, particularly in the oil sector. Read more

FG, 3 Firms Sign Agreement on 1700MW Solar Projects

As part of continuous efforts to boost power generation, the federal government has signed agreements with three companies to build solar power plants that would generate a total of 1,700 megawatt (MW).

The companies are South Korean-backed firm, Solius NGDC as well as Peoples’ Homes Association and Power House Energy Americas. Read more

SERAP wants UN to compel Nigeria to stop execution of 54 Nigerian soldiers

A right and accountability group, Socio-Economic Rights and Accountability Project (SERAP, has petitioned five United Nations  human rights activists to stop the execution of 54 Nigerian soldiers who were sentenced to death by the Nigerian military authority.‎ Read more

Siasia Picks Four Pros, 35 Others for Gabon Clash

Coach Samson Siasia has selected 35 home-based and four foreign-based players for a final phase of preparations for an All Africa Games qualifier against Gabon.

The selected players are expected to arrive the Serob Hotel camp in Abuja on January 4. Siasia disclosed that the team’s training will now move into the more serious phase as he and his technical team have been able to separate the boys from the men, and that this is time to go into tactical. Read more

Nigerians ‘Crying for Money’ as Naira, Boko Haram Hit Trade

At one of Nigeria’s busiest markets, Ndubuisi Benjamin Nweke complains about the toughest business environment Africa’s biggest economy has faced in years.

“Customers are not coming the way they’re supposed to,” said the 46-year-old, whose trade in Chinese-made fabrics at the Idumota market in the commercial capital, Lagos, like many Nigerian importers, is being squeezed by a plunge in the naira. “Everyone is crying for money.” Read more

Russia says NATO pushed Ukraine to give up neutral status

Russia said NATO pushed Ukraine to give up its neutral status as Kiev seeks closer ties with the Atlantic bloc and said the move, approved by Ukraine’s parliament this week, would “complicate the situation”.

“The decision of Ukraine’s parliament to give up its non-aligned status will only complicate an already difficult situation,” Deputy Defence Minister Anatoly Antonov told Russian news agency Interfax. Read more

Israeli Police Probing Major Political Corruption Case

Israel’s police said Wednesday they are investigating dozens of public figures and politicians in a major corruption case that could impact upcoming elections.

Police didn’t name the politicians involved when making the announcement on Wednesday. After a yearlong covert operation, police said they are investigating 30 suspects including a deputy minister, a former minister, mayors and others. Read more

Isis shoots down coalition warplane and captures its Jordanian pilot

Isis militants claim to have seized a Jordanian pilot, after shooting down a warplane near the Isis stronghold in Raqqa, Syria.

Isis-linked twitter accounts picture the pilot, whose face is bloodied, being taken hostage by Isis militants. Read more


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