| Africatime
Thursday 23 March 2017
(AFP (eng) 03/23/17)
Libyan authorities on Thursday flew home 159 Nigerian migrants stranded after failing to reach Europe, in the second such voluntary repatriation operation this week. "In coordination with the IOM (International Organization for Migration), we are repatriating 159 Nigerians... including three infants," Badreddine Ben Hamed, head of Libya's anti-illegal immigration force, told AFP at Mitiga airport. The Nigerians, wearing tracksuits and new sneakers, were driven to the airport near the Libyan capital in two buses. "I wish I could go to Europe but I can't," said a woman called Fate, carrying a baby in her arms. "I'm happy to be going home," said another Nigerian woman.
(AFP (eng) 03/23/17)
At least 46 people were killed and almost 100 others wounded in clashes between rival ethnic groups in southwest Nigeria earlier this month, police said on Wednesday. Special forces were deployed to the city of Ile-Ife in Osun state after violence between local Yoruba and Hausa people erupted on March 7, Nigeria's national police spokesman Moshood Jimoh told AFP. "The casualty figures are 46 dead and 96 wounded in the violence in Ile-Ife. Of those injured, 81 had been treated while 15 are still in the hospital," Jimoh said. Police arrested 20 suspects following the violence that saw rampaging crowds wielding cutlasses and throwing stones, Jimoh said, adding that the offenders would be prosecuted. "Our appeal to people is to...
(Daily Trust 03/23/17)
The Ministry of Foreign Affairs has said the latest attacks at a motor park in Polokwane in the Limpopo Province of South Africa, in which two Nigerians were involved, was not a xenophobic attack. The ministry, in a statement by its spokesperson, Clement Aduku, said though there was no reported loss of live in the latest incident, two Nigerians were said to be injured and properties destroyed in the fracas. "Contrary to media reports, the recent incident was a scuffle...
(This Day Live 03/23/17)
The National Assembly on Wednesday approved the request by the executive for the issuance of a $500 million Eurobond to fund the deficit in the 2016 budget. A resolution of the National Assembly is a critical condition that must be met for securities issuance at the international capital market. The Senate considered the request at the Committee of the Whole on Wednesday and voted to approve the request, immediately shortening the approval processing time. The proceeds of the Eurobond are...
(This Day Live 03/23/17)
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Tuesday. With the gains made by the local currency in the last five weeks, the naira inched closer to one of the Central Bank of Nigeria’s (CBN) key foreign exchange policy objectives of an exchange rate convergence. The naira trades...
(Premium Times 03/23/17)
The Senate has called for the resignation of the Comptroller-General of the Nigeria Customs Service, Hameed Ali. The lawmakers said on Wednesday that Mr. Ali was not fit to hold public office. The call follows Mr. Ali's decision not to appear before the lawmakers in uniform on Wednesday as directed by the Senate. The Customs boss told reporters on Tuesday that his decision not to appear was based on legal advice after a Nigerian filed a case in court seeking...
(Bloomberg 03/23/17)
Pitting Nigeria and Kenya’s biggest banks by market value against each other shows just how much state intervention hurt Nairobi-based Equity Group Holdings Ltd., while Guaranty Trust Bank Plc in Lagos fended off a contracting economy by benefiting from a weaker local currency. Equity Group reported its first-ever drop in annual profit last week as non-performing loans more than doubled and lending in the final quarter shrank in the wake of interest-rate caps announced in August in East Africa’s biggest...
(Premium Times 03/23/17)
The Ministry of Foreign Affairs on Wednesday said the latest fracas in South Africa, in which two Nigerians were involved, was not a xenophobic attack. The ministry in a statement by its spokesperson, Clement Aduku, in Abuja, said that there was no reported loss of live during the incident. It expressed concern that the incident came barely few days when both Nigerian and South African Governments successfully proffered solution to xenophobic attacks against foreigners in South Africa. It said that...
(Reuters (Eng) 03/23/17)
N'DJAMENA French far-right presidential candidate Marine Le Pen pledged on Wednesday to break with her country's decades-old relationship with Africa known as "Francafrique" and abolish the CFA franc currency policy that binds Paris and its former colonies. Francafrique describes an informal web of relationships Paris has maintained with its former African colonies and its support, sometimes in the form of military backing, for politicians who favor French business interests. Le Pen, one of the frontrunners in the presidential election, spoke...
(AFP (eng) 03/22/17)
At least 46 people were killed and almost 100 others wounded in clashes between rival ethnic groups in southwest Nigeria earlier this month, police said on Wednesday. Special forces were deployed to the city of Ile-Ife in Osun state following two days of violence that broke out between local Yoruba and Hausa people on March 7, Nigeria's national police spokesman Moshood Jimoh told AFP. "The casualty figures are 46 dead and 96 wounded in the violence in Ile-Ife. Of those injured, 81 had been treated while 15 are still in the hospital," Jimoh said.
(AFP (eng) 03/22/17)
Suicide bomb blasts rocked a camp for migrants who have fled Boko Haram insurgents near Nigeria's restive northeastern city of Maiduguri early Wednesday, officials said. "There were four explosions inside the camp," the coordinator of the Muna camp Tijjani Lumani told AFP. "The bombers struck at different locations around 4:30 am. "The explosions triggered fires which burned down many tents", he said, adding that casualties details were not known. The emergency services confirmed the attacks. "There were some suicide explosions in Muna camp. Our men have mobilised to the scene," Ibrahim Abduljkadir of the National Emergency Management
(AFP (eng) 03/22/17)
A Nigerian rights group on Tuesday called for an investigation into "attacks" on the Amnesty International office in Abuja following heavy criticism by the country's military. Protesters had surrounded the Amnesty office in the Nigerian capital on Monday and Tuesday, demanding that the London-based rights group leave the country immediately. The demonstration comes less than a month after the Nigerian military issued a press statement urging Amnesty to "desist from meddling into security issues in our country which is inimical...
(Reuters (Eng) 03/22/17)
The president of Nigeria's upper house of parliament is to be investigated by lawmakers over allegations that he attempted to evade payment of customs duties on a car, after parliamentarians voted on Tuesday to examine the matter. The allegations, which could lead to Senate President Bukola Saraki, Nigeria's third-ranking official and a member of President Muhammadu Buhari's party, being impeached if found guilty, are the latest in a series of such claims leveled at him. He has denied any wrongdoing...
(AFP (eng) 03/21/17)
Gunmen killed 17 people, mostly women and children, after invading a farming community in central Nigeria, police said Tuesday, the latest violence linked to grazing rights disputes. The attack in Benue State occurred Monday, state police spokesman Moses Yamu told AFP, saying attackers on motorcycles and in a car opened fire on a market and set buildings on fire. "There was indeed an attack yesterday afternoon on a market in Zaki Biyam by unknown persons. Seventeen people were killed and 11 injured by the gunmen," Yamu said. "We have not made any arrests and we are yet to find out the motive for the
(Bloomberg 03/21/17)
Faced with a contracting economy, surging inflation and a rigid exchange rate, Nigeria’s central bank will have little choice but to keep its key interest rate unchanged on Tuesday. The Monetary Policy Committee led by Governor Godwin Emefiele has held the policy rate at 14 percent since July and is unlikely to make a change, according to all 17 economists and analysts surveyed by Bloomberg. Foreign-exchange policy has become a common agenda-item for the committee as the nation maintains a...
(AFP (eng) 03/21/17)
More than 2,600 Nigerians who fled into northern Cameroon to escape Boko Haram jihadists have been forced to go home since the start of the year, the UN said Tuesday. Thousands of Nigerians have been displaced by the Boko Haram insurgency, which has seen deadly attacks since 2009 in pursuit of a caliphate in northern Nigeria. Some 85,000 have sought refuge in Cameroon but the UN refugee agency said many had been sent back, with officials citing security reasons. "So...
(Reuters (Eng) 03/21/17)
Nigeria's central bank will leave its benchmark interest rate unchanged on Tuesday to try and curtail high inflation as Africa's top economy grapples with its first recession in 25 years, a Reuters poll found on Friday. But in a sharp turnaround from a January survey, the median from the poll projects a 100 basis-point cut to 13.0 percent in the third quarter and an identical chop in the last months of 2017. In January, no cuts were predicted this year...
(Xinhuanet 03/21/17)
Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, Minister for Solid Minerals Development, Kayode Fayemi said Monday. In a statement made available to Xinhua in Lagos, Nigeria's economic hub, the minister ascribed the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government. The minister who leads a team of the federal government to the Dangote Cement plants in Ibese, Ogun State, said the government is happy...
(Vanguard 03/21/17)
The divestments of international oil companies, IOCs from Nigerian assets appear to be beneficial to indigenous operators as three independents Aiteo, Eroton and Newcross, collectively produced about 200,000 barrels per day (bpd) at peak, close to the end of 2016. Aiteo Eastern Exploration and Production, the operator of the Oil Mining Lease (OML) 29, reported gross production of 92,000bpd in October 2016, figures in the Nigerian National Petroleum Corporation, NNPC’s December 2016 report showed. production shut-in Eroton Exploration and Production,...
(Reuters (Eng) 03/21/17)
The demolition of homes in a shanty town in Nigeria's commercial capital, Lagos, in defiance of a court order, has left thousands of people homeless and raised eviction fears among a further 300,000 slum dwellers, residents and activists said on Monday. The homes of nearly 4,700 people in the Otodo Gbame waterfront slum were destroyed on Friday by bulldozers as security forces used teargas and gunfire to clear the area, said several rights groups, including Amnesty International. The razing came...

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