Sabinews Morning News Update for June 12, 2015
We have 1.1b litres fuel stock, says NNPC
The Nigerian National Petroleum Corporation (NNPC) yesterday said its subsidiary, the Pipelines and Products Marketing Company (PPMC) presently has a stock level of 1.1billion litres of fuel representing 27 days sufficiency.
It stressed that the stock excludes volumes with confirmed delivery dates within the next couple of days. Read more
Boko Haram kills 43 in Borno
No fewer than 43 people have been killed in attacks carried out by Boko Haram just as President Muhammadu Buhari and other regional leaders were holding a meeting about how to deal with the terror threat.
Dozens of rebels on motorcycles stormed Matangale, Buraltima and Dirmanti towns in restive Borno State, firing on villagers and looting and burning homes, residents told French News Agency AFP. Read more
APC hits Wike over N10bn loan
Rivers State chapter of the All Progressives Congress (APC) has accused Governor Nyesom Wike of kick-starting a “looting spree” by the request for an approval of N10 billion from the state House of Assembly.
The party made the allegation yesterday, claiming that Wike had prevailed on the Assembly dominated by the Peoples Democratic Party (PDP) members to approve a N10 billion loan for him without attaching projects for which the loan was meant. Read more
N12b currency scam: N3.9b destroyed with acid, water, court told
The prosecution in the N8 billion currency scam yesterday told the court how some of the accused persons allegedly destroyed boxes loaded with N3.96 billion with acid and water, making them inaccessible to investigators.
Mr. Rotimi Jacobs (SAN) was objecting to the applications for bail filed on behalf of the first accused person, Kolawole Babalola, at a Federal High Court, Ibadan, the Oyo State capital. Read more
Troops for Multi-National Force July 30
President Muhammadu Buhari and other Heads of State and Government of the Lake Chad Basin Commission (LCBC) yesterday approved the deployment of the national contingents to the Multi-National Joint Task Force (MNJTF) by July 30.
The Task Force is to root out Boko Haram from the North East of Nigeria and the entire region. Read more
Jobs,Terrorism Top FG’s Discussion at ILO Confab
Worsening terrorism in North East Nigeria, including dwindling employment opportunities for teaming youths were among issues that topped Federal Government’s agenda to the 104th International Labour Conference.
Permanent Secretary, Ministry of Labour and Productivity, Clement Iloh, who led the Nigerian delegation, made a far reaching presentation on these thematic areas. He said these emerging challenges and solutions called for more introspection among member states, especially the dynamic roles culture, religion politics, ethnicity among others plays in fostering development. Read more
Ambode declares June 12 work-free day
Lagos State Governor, Mr. Akinwunmi Ambode, has declared today as a work free day to commemorate the annulment of June 12, 1993 elections, presumed to have been won by the late Chief Moshood Kashimawo Abiola.
In a statement signed by the Chief Press Secretary to the Governor, Mr. Habib Aruna, Ambode said the date marked a watershed in the annals of transparent, free and fair elections in the country. Read more
Imo poly expels 389 students over exam, admission frauds
Authorities of Imo State Polytechnic, yesterday said it has expelled no fewer than 389 students of the institution following their alleged involvement in examination and admission racketeering.
Rector of the institution, Rev. Fr. Wence Madu, who made this known while addressing newsmen, said the students were expelled because they had gained admission into the institution through fraudulent means. Read more
Dana, Ground Victim Settles Out Of Court
One of the ground victim, whose property was destroyed in the Dana crash of June 3, 2012, Pastor Daniel Omowumi has agreed to settle out of court with the airline.
Omowunmi in 2012 demanded N500 million as compensation for his damaged property. Read more
Customs Destroys N4m Seized Poultry Products
The Nigeria Customs Service, Seme-Badagry Command have seized poultry product valued at N4 million.
The seizures were made by the Patrol teams coordinated by Deputy Comptroller in charge of Enforcement Section, Abdullahi Mohammed. Read more
INEC to revalidate 2015 election report
The Independent National Electoral Commission (INEC) will on June 15 revalidate the 2015 Election Report.
The validation, according to the commission’s daily bulletin, said the exercise would be a prelude to the Report’s printing and presentation on June 29. Read more
Rain wreaks havoc in Delta
No fewer than four buildings collapsed and property worth millions of naira destroyed in Warri, Delta State following a three-day downpour in the oil city.
Daily Sun gathered that the downpour experienced in the city from Monday to Wednesday caused serious damage to buildings across the state. Read more
CBN Adjusts Naira Peg Again
The Central Bank of Nigeria (CBN) adjusted its exchange rate peg on Thursday to N196.90 against the U.S Dollar from the N196.95 set last week, data on the bank’s website showed.
Dealers said the CBN had sold Dollars to the interbank market at the new rate the previous day, dismissing the move as a currency appreciation, since it was not market driven, but noted it could signal the coming of a new policy. Read more
FG seeks end to food importation
The Federal Government has called on Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, to come up with blueprints that can aid the government to stop food imports into the country. President Muhammadu Buhari made the request during the 55th annual conference of NACCIMA with the theme ‘Policy Consistency in Agricultural Value Chain: A key to Social Economic Development.’ It took place in Calabar, Cross River State. Read more
Tackling post-harvest food losses
Approximately, one-thirdof food grown in the farm never reaches consumers. Waste and spoilage occur across the value chain, threatening farmers’ livelihoods and people’s access to nutritious food.
At harvest level, farmers struggle to ensure the perishables being harvested are handled properly, kept free of bruises, stored and moved fresh to the market. Read more
Banks to name debtors Aug.1
The Bankers’ Committee yesterday said total bank credit now stands at between N13 trillion and N14 trillion, adding that three per cent of this huge credit is not performing.
Addressing reporters in Abuja yesterday at the end of the Bankers’ Committee meeting, Director, Banking Supervision, Central Bank of Nigeria (CBN) Mrs Tokunbo Martins, said: “Total bank credit stands at between N13 trillion to N14 trillion; of this amount, about three per cent of that (N390 billion) is not performing. This means that the industry is very sound.” Read more
Equities market halts three-day losing streak
The equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 0.28 per cent to close at 33,556.35 basis points, compared with the 0.09 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 3.18 per cent.
Market breadth closed negative as PZ led 16 gainers against 24 losers topped by Red Star Express at the end of yesterday’s session- an unimproved performance when compared with previous outlook. Read more
Oil and Gas
P’Harcourt Refinery Completes TAM, Targets 5m Litres Petrol Daily
With about 1.1 billion litres of petrol to cover 27 days, scarcity of petrol would end by the weekend, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha, said on Thursday, assuring that the nation’s perennial fuel scarcity would be over soon.
The bigger picture according to him, is that the phased Turn-Around Maintenance (TAM) of the Port Harcourt Refinery has reached advanced stage, with production capacity of about five million litres of Premium Motor Spirit (petrol) daily, expected to begin by month end. Read more
Court Restates Order Restraining NERC from Increasing Electricity Tariff
A Federal High Court sitting in Lagos on Thursday renewed an earlier order restraining the Nigerian Electricity Regulatory Commission (NERC) from implementing the new electricity tariff billed to be effective from June 1, 2015.
Justice Mohammed Idris, had in a ruling on an ex-parte application filed by a Lagos lawyer, Toluwani Yemi-Adebiyi, last week, restrained the NERC and the electricity distribution companies from effecting any increment in electricity tariff pending the hearing and determination of the suit. Read more
PHCN Staff electrocuted on electric pole
A member of staff of the Power Holding Company of Nigeria, PHCN, was electrocuted on Thursday evening.
The man was on an electric pole at around 7pm at Sanusi Fafunwa, Victoria Island. Read more
Pinnick Praises Flying Eagles
President of the Nigeria Football Federation (NFF), Amaju Pinnick, has commended the Flying Eagles that crashed out of the FIFA U-20 World Cup in New Zealand on Thursday, insisting the boys were not disgraced.
“When things turn out this way, we look at the positives. This is why I will call on us all to congratulate this set of players because they certainly made us proud. Read more
Coaches Killing Super Eagles –Bonfrere Jo
Super Eagles will begin its quest for qualification for the 2017 edition of the Africa Cup of Nations on Saturday in Kaduna against Chad.
The once dreaded team in the continent cannot even bark, not to talk of biting. This was exemplified by its failure to qualify for the last edition of the Africa Cup of Nations. Read more
Glo backs Eagles, Falcons for victory
Globacom has called on the national teams, Super Eagles and Super Falcons, to go all out for victory in their respective football engagements this weekend.
While the Falcons will be in action on Friday in the second Group D match against Australia at the 2015 Women World Cup in Canada, the Eagles will face Chad on Saturday for the 2017 African Cup of Nations ticket. Read more
NRFF Names 23 Man Squad for Cup 1C
The Nigerian Rugby Football Federation has released a 23 man list for the Africa Cup 1C preparations holding in Lusaka, Zambia with current South West league leader, Cowrie RFC boasting of nine players out of the players invited.
According to the federation, no stone would be left unturned in ensuring that the team was adequately prepared for the tournament. Read more
NBSA invites 35 players for camping
The Nigeria Baseball and Softball Association has invited 35 players for a camping starting on June 15 ahead of the 11th World Junior Softball Championship holding in Oklahoma, USA from August 9 to 15.
The NBSA Secretary, Kehinde Laniyan, said that the players would commence a 40-day programme in Port Harcourt and at other locations in the country before going to the US. Read more
Taiwanese tourist trapped in crevice on Uluru
A rescue operation is under way to free a Taiwanese tourist stuck on Uluru.
The man became trapped in a crevice on Thursday afternoon and had to spend the night on top of the central Australian landmark as it was too dangerous to attempt a night rescue, police said. Read more
Zimbabwe phasing out inflation-battered local currency
Zimbabwe is phasing out its local currency, the central bank says, formalising a multi-currency system introduced during hyper-inflation.
As inflation hit six years ago, foreign currencies like the US dollar and South African Rand came into use. Read more
Protests Bring Pressure on Guatemala President amid Scandals
Every Saturday for nearly two months, Constitution Square outside Guatemala City’s National Palace has overflowed with thousands of protesters demanding an end to corruption and the resignation of President Otto Perez Molina.
Most are from the young, middle-class, smartphone generation, and they organize the leaderless demonstrations through social media. But there are also priests standing shoulder-to-shoulder with businessmen, and students alongside homemakers, in what Guatemala analysts call an unprecedented mass-mobilization cutting across socio-economic, political, even class lines. Read more
Pentagon again asks China to end island building, seeks more military contact
U.S. Defense Secretary Ash Carter met a top Chinese general on Thursday and repeated a U.S. call for a halt to land reclamation in the South China Sea, while stressing that the Pentagon remained committed to expanding military contacts with China.
In the meeting with General Fan Changlong, a deputy head of China’s powerful Central Military Commission, Carter stressed his commitment to developing “a sustained and substantive U.S.-China military-to-military relationship”, the Pentagon said. Read more
Soccer-Judge orders Blazer’s plea agreement unsealed
The U.S. judge presiding over the corruption cases of indicted soccer officials has ordered prosecutors to unseal the plea agreement between former FIFA executive committee member Chuck Blazer and the U.S. government.
Media outlets last week called for the plea agreement to be unsealed in the wake of the indictments of 14 soccer and media executives for corruption but U.S. authorities have opposed the move. Read more
South Korea: 11th person dies in Mers outbreak
A 72-year-old woman in South Korea has become the 11th person to die of of a Middle East Respiratory Syndrome (MERS) outbreak in the country that began last month.
Officials report that the woman had contracted the virus at a hospital south of the capital, Seoul,that was at the centre of the outbreak that has so far infected 126 people. Source
China detains nine for spreading rumours about the military
Chinese authorities have detained nine people for spreading rumours on the Internet that several military officers were involved in protests and for damaging the military’s image, the military’s official newspaper said on Friday.
The nine “fabricated and spread the rumours” on the Internet, the People’s Liberation Army Daily said. Read more
Pakistan shuts down Save the Children NGO office in Islamabad
International aid group Save the Children has had its office in Islamabad sealed by police, with orders from the Interior Ministry that all expatriate staff leave the country.
No formal announcement was made by the government but an official from the interior ministry told Agence France Presse that the NGO was involved in “anti-Pakistan activities.” Read more
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