Suicide bomber dies in attempt on church
There was a failed New Year Day suicide bombing attempt in Gombe, the Gombe State capital, yesterday.
It came less than 12 hours after two suspected bombers were killed by their bombs in an attempt on the Army Barracks in the town Wednesday night. Read more
New naval warship arrives Lagos today
Nigerian Navy is set to boost its policing of the nation’s maritime environment with the coming of a new warship, NNS Okpabana, from the United States of America.
NNS Okpabana, a former United States Coast Guard vessel, Daily Sun learnt, would, like its sister vessel, NNS Thunder, join in the policing of Nigeria’s water ways, in response to the mandate by President Goodluck Jonathan to rid the water ways of crude oil thieves. Read more
Palestinian Authority, NSCIA Blast Nigeria for Abstaining at UN
The Palestinian Authority’s (PA) representative to the Organisation of Islamic Conference (OIC) criticised Nigeria on Wednesday over its abstention during a UN vote on Palestinian statehood on Tuesday.
In a statement quoted by the Ma’an news agency, the representative Muhannad al-Akluk, said Nigeria’s move was a “big disappointment”, adding that voting against “Palestine” despite being a member of the OIC was a “clear contradiction”. Read more
It’s futile to buy PVCs, says INEC
Buying up voter cards is futile as it cannot aid election rigging, INEC said last night.
Mr Kayode Idowu, spokesman for INEC chairman Prof. Attahiru Jega, who spoke to our correspondent on the telephone, explained why it is difficult – if not impossible – to use the cards to swing the ballot. Read more
Experts, labour fault Jonathan’s plan to diversify economy
The Nigeria Labour Congress and economists have faulted President Goodluck Jonathan’s economic diversification plan as enumerated in his New Year address to the nation.
They said what the country needed was a medium-term plan that would end the reliance on oil as the biggest revenue earner. Read more
Experts seek review of Nigerian health sector
Worried about the huge economic loss due to medical tourism, health professionals have called for total review of the Nigerian health sector with a view to providing better healthcare services for Nigerians.
In the views of the Managing Director, JNC International Limited and President, Healthcare Federation of Nigeria (HFN), Mrs. Clare Omatseye at the 7th Annual Thanksgiving Dinner and Awards of HealthPlus Limited with the theme: “Expanding Our Frontiers” in Lagos recently, blamed most challenges in the health sector on poor funding. Read more
Adamawa APC vows to protect votes against rigging
The All Progressives Congress (APC) has said that it would resist all forms of election rigging in the forthcoming general elections.
Speaking during a stakeholders meeting in Yola, the deputy Director-General of the campaign organisation of the APC governorship flag bearer in Adamawa State, Abdurrahman Abba Jimeta, said APC members would defend their votes. Read more
High commodity prices imminent, experts predict
Prices of goods and services may go up sharply in the nearest future due to some shifts in policies in the management of the nation’s economy late last year, analysts have predicted.
Yesterday, tariff of electricity for manufacturers and industrial users went up in a reviewed Multi- Year Tariff Order (MYTO), approved by the federal government. Read more
Jonathan, Abiara ask Nigerians to pray for 2015 polls
President Goodluck Jonathan on Thursday felicitated with Nigerian Muslims as they commemorate the birth of Prophet Mohammed on Friday.
In a statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati, the President urged Muslims to use the opportunity offered by the Eid-el-Maulud to offer special prayers for successful and peaceful elections in the country next month. Read more
Federal Government Moves to Address Challenges Plaguing Ports
The federal government has set up a committee to address the challenges plaguing the nation’s seaports. The committee was set up at the end of a meeting of the National Economic Management Team chaired by President Goodluck Jonathan.
Some stakeholders in the maritime industry, who attended the meeting have expressed doubts if the federal government would implement suggestions made at the meeting. Read more
Jonathan: We Will Rout Boko Haram and Bring Them to Justice
In a solemn commitment as President of the Federal Republic and Commander-in-Chief of the Armed Forces, President Goodluck Jonathan yesterday pledged that the Islamist terror group, Boko Haram, would not get away with its atrocities, would not win the war to Islamise Nigeria, and would be routed and brought to justice.
He equally reassured Nigerians and the international community of his administration’s commitment to free, fair and credible elections this year, adding that his commitment to free elections on the basis of “one man, one vote” remained unwavering. Read more
Dahiru Bauchi disowns pro-Jonathan advertorial
Islamic scholar Sheikh Dahiru Usman Bauchi has disassociated himself and followers of the Tijjaniyyah sect from campaigning for President Goodluck Jonathan’s re-election.
Dahiru Bauchi who is the leader of the sect, spoke to newsmen in Bauchi yesterday over an advertorial which portrayed Tijjaniyyah followers as supporting Jonathan, describing it as ‘irresponsible’ and a desperate attempt by some politicians.
He said if anyone wants to make such statement he should assemble all Muslims in Yobe and Borno states and ask them to stand by the president. Read more
FirstBank partners Etisalat on Firstmonie and Easywallet
In recognition of continued efforts to drive financial inclusion, lead innovation in mobile payment systems and support the CBN cash-less policy, First Bank of Nigeria Limited and Etisalat Nigeria have partnered to make mobile payments more accessible and secure.
The partnership which involves FirstBank’s Firstmonie Mobile Money and Etisalat easywallet, a SIM application solution, is expected to significantly impact the uptake of mobile money in Nigeria. Read more
Jonathan, Fashola, IGP, Others Salute Muslim Faithful
Prominent Nigerians have been giving their Eid-Maulud messages to Muslim faithful across the country, with a call on Nigerians to ensure that 2015 ends peacefully with a successful general election.
President Goodluck Jonathan, who led in the felicitations, assured Nigerians that none of them will be discriminated against in the name of religion, ethnicity or social standing under his watch as president. Read more
Auto Policy: Hard Times Await Importers, Freight Forwarders
As the federal government begins the implementation of the new auto policy this year, hard times await importers of used vehicles into the country. Also to be affected are concessionaires in the nation’s seaports who specialised in the receiving of used vehicles in their terminals.
Similarly, operators of roll on roll off (RoRo) terminals such as Grimaldi, which has its terminal at Tin Can Island Port Complex, Apapa, Lagos will face a lull this year as the Nigeria Customs Service (NCS) gear up to implement the revived national automotive policy. Read more
Naira devaluation hurting local entrepreneurs –Adetunji, Montage CEO
Nigerian entrepreneurs whose businesses have foreign currency implications have continued to express concern over the recent devaluation of the naira by the Central Bank of Nigeria (CBN), saying it will further contrict their operations.
The latest of such complaints came from the Managing Director and Chief Executive of Montage Cable Network, Mr Bamidele Adetunji, who insists that the policy was not business friendly as it has potentials to escalate cost of operations for many SMEs. Read more
NSE among world’s worst performing exchanges in 2014
The Nigerian Stock Exchange ended 2014 as one of the worst performing exchanges as the market capitalisation of the listed equities fell by N1.749tn from N13.226tn at the start of the year to N11.477tn.
This is despite the listing of companies such as Caverton Offshore Support Group Plc, Seplat Petroleum Development Company Plc and Omoluabi Savings and Loans Plc, which added billions of naira to the market capitalisation. Read more
Most emerging stocks advance as Hyundai Motor gains
Most emerging-market stocks climbed as Hyundai Motor Co. (005380) led a rally in consumer-discretionary shares. Chinese equities posted the biggest two-day retreat in 18 months while Russia’s ruble gained for a fourth day.
Hyundai Motor rose 2 percent in Seoul after Yonhap News said the carmaker may boost dividends. Emaar Properties PJSC (EMAAR) jumped for the fourth time in five days as stocks in Dubai gained 3 percent. The Nigerian Stock Exchange All Share Index advanced to a three-week high. The Shanghai Composite Index slid 2 percent amid bets China is seeking to cool the world’s best-performing major stock market over the past month. Read more
Oil and Gas
Oil price: Professionals harp on non-oil sector
Following projected cuts in 2015 spending of oil-producing nations, which arose from uncertainties over crude oil price, professionals in Nigeria have urged the Federal Government to focus on strengthening non-oil sectors in the country to complement revenues made from oil.
Besides, the group, Association of Professional Bodies of Nigeria, APBN, expressed optimism that if adequately explored by government, potentials of the nation’s youths were enormous enough to fill vacuum created by oil revenue deficit. Read more
Low oil price: FG determined to stabilise economy
The Federal Government has restated its determination to maintain growth and stabilise the economy in 2015 despite the decline in its revenues.
Minister of State for Finance, Ambassador Bashir Yuguda, who made this known in an end of year interaction with newsmen in Abuja stressed that government would not waver in its resolve to further diversify the economy. Read more
Nigeria loses N170bn to gas flaring
Nigeria lost about $1bn (N170bn) as oil companies operating in the country flared a big chunk of the gas produced from January to September 2014, analysis of data obtained from the Nigerian National Petroleum Corporation has shown.
According to data from the NNPC, about 296 billion standard cubic feet of natural gas was flared in the nine-month period. Read more
Has Ebola infected IS militants in Mosul?
Iraqi media reports suggest that Islamic State militants in Mosul may have contracted Ebola going by cases at an IS-controlled hospital in the city.
While the government and Kurdish media reported that the symptoms were similar to those of Ebola, the WHO has not been able to confirm the same and has offered to help. Read more
Canada Police: Shooting at New Year’s Eve Party Kills 1
Investigators were searching Friday for the gunman or gunmen who opened fire at a New Year’s Eve house party in Calgary, leaving one person dead and six others injured, including one in critical condition.
Detective Steve Adair said Thursday that police received multiple calls just after 5 a.m. reporting shots fired at a party attended by more than 50 people. He said by the time officers arrived, the suspect or suspects had already fled. Read more
Senior Chinese Diplomat Removed, Investigated
A senior Chinese diplomat has been removed from his position and is being investigated for an unspecified disciplinary violation.
A two-sentence statement from the Foreign Ministry did not offer more details Friday about the removal of Assistant Foreign Minister Zhang Kunsheng. . The China News Service reported that Zhang was the head of the ministry’s protocol department. Read more
On the increase in electricity tariff
Relying on what it calls an amended “special Multi Year Tariff Order” or MYTO 2.1, the Nigerian Electricity Regulatory Commission (NERC) announced the other day a sharp increase in electricity tariff effective, supposedly, from yesterday, January 1, 2015.
Coming at a time when power supply output has dropped below 3,000 megawatts (mw), with adverse effects on business and economic activities, the increase is certainly ill-conceived and ill-timed, a slap in the face of Nigerians. It also shows gross insensitivity on the part of a government, which does not appreciate the suffering of the people as a result of the near total blackout in the country. What is the moral basis for paying for services not provided? It amounts to fraudulent exploitation of the masses. Read more
Gencos hopeful as new domestic gas price takes off this month
Barring any hitches, the implementation of the new price for domestic gas used for power generation, which was recently increased from $1.5 per 1,000 cubic feet (MCF) to $2.5 with $0.80/MCF as transportation costs for new capacity, is expected to take effect from this month, according to sources close to the Nigerian National Petroleum Corporation (NNPC).
Industry watchers expect that this would bring relief to the power sector , as producers would be encouraged to invest in gas production to service it. Read More
Amuneke sends new recruits packing
Golden Eaglets coach, Emmanuel Amuneke, has fore closed likelihood of screening fresh players with hordes still trooping to the NFF/FIFA Goal Project Pitch in Abuja .
Though the ‘screening window’ was concluded last week with about 100 players picked from a rigorous exercise, the coaching crew magnanimously allowed few more recruits since they had travelled far and wide to Abuja. Read more
Eduok enlivens Eagles camp for CIV, Sudan friendlies
Super Eagles camp came alive on Thursday morning with the arrival of Dolphins of Port Harcourt hot shot, Emem Eduok, who is reportedly heading for a Tunisian side in the January transfer window.
Though, he missed the morning training session, he was ready for the evening session at the Abuja National Stadium under the watchful eyes of Assistant Coach, Dan Amokachi. Amokachi said with the arrival of Eduok, the team is not expecting any other player as Godwin Igudia earlier invited has sent a message that he is nursing an injury. Read more
Follow us @sabinewsnaija