Sunday 28 May 2017
(This Day Live 05/19/17)
The Chairman of the Senate Committee on Federal Character and Inter-Governmental Affairs, Senator Tijjani Kaura, has disclosed that the committee is already investigating reports of lopsidedness in the recruitment of cadets into the service of the Department of State Services (DSS). There have been reports that a recent recruitment into the service, heavily favoured candidates from the North. Kaura, in a point of order raised on the floor of the Senate yesterday, said the committee is looking into the matter to make sure the recruitment conforms with the provisions of the constitution. “In the last few weeks, Nigerian media, both print and electronic, have been awash with issues that have to do with recruitment of cadet officers of the DSS...
(Xinhuanet 05/19/17)
At least three male suicide bombers were killed while attempting to attack a female hostel at the University of Maiduguri in Nigeria's Borno state late Thursday, a police source said Friday. The source told Xinhua that one of the three suicide bombers carried AK 47 gun and at least two bomb exploded during the attack. A student leader in the university Abu Hanifa Babati also confirmed that one of the explosion occurred around BOT Hostel which is a female hostel. He said another explosion occurred around the Faculty of Veterinary Medicine. "Four security men in the university including volunteers were treated for injury they sustained as no life was lost except the killed suicide bombers," a rescue worker involved in...
(This Day Live 05/19/17)
Following the revelation by the Chief of Army Staff (COAS), Lt.-Gen. Tukur Buratai, of attempts by some politicians to infiltrate the military, the Nigerian Army said Thursday that it was yet to make any arrests. This is just as a report by Transparency International (TI) stated Thursday that the Nigerian defence and security sector is steeped in corruption, revealing that over N4.6 trillion ($15 billion) allocated to the sector in five years was either embezzled or unaccounted for. Buratai on Tuesday had warned officers and soldiers of the Nigerian Army to steer clear of politics and politicians, whom he claimed were attempting to influence them. He said the Nigerian Army headquarters had received information that some individuals had been approaching...
(This Day Live 05/19/17)
In a swift response to the ultimatum given by the Senate asking the presidency to submit the budgets of revenue generating agencies within the next two weeks, acting President Yemi Osinbajo Thursday signed three executive orders aimed at revolutionising government operations. The three orders, according to a statement by his spokesman, Laolu Akande, were intended to guarantee the timely submission of budgets by the respective federal government agencies, promote transparency and ease of doing business, and boost local content in public procurement. The statement added that the acting president signed the orders after an interactive session with ministers, permanent secretaries and heads of government agencies in the Banquet Hall of the Presidential Villa, Abuja. The executive orders also stipulated the...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated...
(AFP (eng) 05/18/17)
Nigeria's government on Wednesday said another Chibok girl was free, having escaped from Boko Haram Islamists more than three years after being kidnapped with more than 200 classmates. Presidency spokesman Femi Adesina said Vice-President Yemi Osinbajo, deputising for President Muhammadu Buhari who is on sick leave, had informed senior ministers at the weekly cabinet meeting. "The details are yet to full unravel. But in terms of is it true? Yes, it is true. I learnt she is already being brought to Abuja but I have not seen her," he told reporters. Presidential aide Bashir Ahmad also confirmed the girl was now free, tweeting: "The escaped #ChibokGirl was found by the Nigerian troops while she was escaping from the captivity." No...
(Premium Times 05/18/17)
Nigeria, Morocco sign gas pipelinNigeria and Morocco on Monday strengthened their business relationship by signing two bilateral agreements in Rabat, Morocco. The first agreement was the Joint Initiative on the Morocco –Nigeria Gas Regional Pipeline. Tagged “The Wonder of Africa” the pipeline project has historical significance because it is designed by Africans for Africans with a direct impact on 300 million people through the speeding up of electrification projects in West Africa; thus serving a basis for the creation of a competitive electricity regional market. The scope of the Memorandum of Understanding, which was signed by the Nigerian National Petroleum Corporation (NNPC) and the Office National des Hydrocarbures et des Mines (ONHYM), was to determine the modalities of undertaking a...
(Reuters (Eng) 05/18/17)
Military corruption is weakening Nigeria's efforts to battle the Islamist insurgency of Boko Haram, the watchdog Transparency International said on Thursday. Its report underlines the difficulty of achieving two key promises of President Muhammadu Buhari's 2015 election campaign: tackling endemic corruption and defeating an insurgency that has claimed over 20,000 lives and displaced millions. "Corrupt military officials have been able to benefit from the conflict through the creation of fake defense contracts, the proceeds of which are often laundered abroad in the UK, U.S. and elsewhere," the watchdog said in a statement. Last year, Nigeria's vice president said around $15 billion had been stolen from the public purse under the previous government through fraudulent arms procurement deals. Transparency International said...
(Agence Ecofin 05/18/17)
In the first quarter of 2017, Nigeria processed 10 million barrels of crude oil, against 8 million barrels and 24 million respectively for the whole of 2015 and 2016. “Refining activities peaked at 10 million barrels of crude oil in the first quarter,” said NNPC Group Managing Director Maikanti Baru (photo) in a statement. The official attributes this performance to peace talks with militants responsible for attacks on major oil infrastructures in the North. The volume processed in Q1 2017 represents about 111,000 barrels per day (bpd), which is 25% of Nigeria’s capacity. On paper, the nation has a refining capacity of 445,000 bpd but it imports most of the petroleum products that it needs as some of its four...
(Daily Trust 05/18/17)
Nigeria is to launch Africa’s first nanosatellite (an artificial satellite with a wet mass between one and 10 kg 2.2–22 lb) into the orbit, the Director-General of National Space Research and Development Agency (NASRDA), Prof Seidu Mohammed, has said. Mohammed told the Correspondent of the News Agency of Nigeria (NAN) in New York that the Nigeria’s nanosatellite would be launched alongside four other countries between May 23 to May 27. The NASRDA chief disclosed that the nanosatellite would be launched “within the window of May 23 and 27” from the launch base at Miami, Florida, U.S. According to him, the latest satellite to be launched is another feat achieved by the Nigerian engineers. Mohammed said: “Nigeria, along with other four...
(The Associated Press 05/18/17)
Camps for thousands of people displaced by Boko Haram will have to stay open beyond the end of this month as Nigeria's military continues to fight the extremists in so-called liberated areas, officials say. The governor of the northern state of Borno, Kashim Shettima, told reporters on Tuesday that it is not yet safe to return people to their homes in many places across the region. The government's goal was to close all of the camps by the end of May. Nigerian President Muhammadu Buhari late last year declared Boko Haram “crushed,” but the military now says operations continue to clear the extremists from their strongholds. “What we are doing now is mop-up of the fleeing Boko Haram terrorists who...
(Voice of America 05/18/17)
Another Nigerian schoolgirl kidnapped by Boko Haram terrorists two years ago is free after escaping her captors. A spokesman for President Muhammadu Buhari gave no details Wednesday, but said Nigerian soldiers found her and brought her to the capital. Her escape comes two weeks after Boko Haram freed 82 of the girls in a prisoner swap with the government. They are expected to be reunited with their families in the coming days. The Islamist group kidnapped 276 girls from their dormitory in Chibok in 2014, outraging millions around the world. Twenty-one others were freed in October, while several others have either been let go individually or escaped. More than 100 of the girls are still being held. Boko Haram has...
(Reuters (Eng) 05/18/17)
Another Nigerian schoolgirl from the kidnapped group known as the "Chibok girls" has escaped from her captivity by Islamist insurgency Boko Haram, a presidential spokesman said on Wednesday. The escape makes her the latest to return of the roughly 270 girls kidnapped by Boko Haram in April 2014 from the northeastern town of Chibok. Earlier this month, the militants swapped 82 of the girls in exchange for prisoners. Vice President Yemi Osinbajo at a cabinet meeting in the capital Abuja on Wednesday "announced that another Chibok schoolgirl had been found after she escaped from her captors," said the spokesman. "I learned she is already being brought to Abuja," he said, giving no further details. Of the 270 girls originally kidnapped,...
(Bloomberg 05/18/17)
Thousands of farmers in northern Nigeria contracted to grow tomatoes for a set price are shunning the crop this season after pests destroyed much of last year’s produce, leaving the processing factory set up by Aliko Dangote, Africa’s richest man, short of raw materials. Established to process 1,200 metric tons of tomatoes each day and produce 400,000 tons of paste annually, the Dangote Farms Ltd. factory, just outside the northern city of Kano, was designed to meet Nigeria’s domestic needs and help cut paste imports of 300,000 tons a year from China. It was expected to help put to better use the 900,000 tons of tomatoes that rot as waste annually out of Nigeria’s yearly harvest of about 1.5 million...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much as 60 billion rand ($4.5 billion), said Evan Walker, a money manager at 36one Asset Management in Johannesburg, although the valuation could also be as low as 40 billion rand depending on how much debt Steinhoff puts into the vehicle...
(AFP (eng) 05/17/17)
Nigerian troops have been told not to get involved in politics, the army said Tuesday, in a warning likely to resonate given the country's history of coups and with the president currently abroad and ailing. Army spokesman Sani Usman said the Chief of Army Staff, Lieutenant General Tukur Yusuf Buratai, had been told some officers and soldiers had been approached "for undisclosed political reasons". "On the basis of that, he has warned such persons to desist from these acts," Brigadier General Usman said in an emailed statement, without elaborating. "He also reminded them that (the) Nigerian Army is a thorough professional, disciplined, loyal and apolitical institution that has clear constitutional roles and responsibilities." Anyone wanting to get involved in politics...
(Bloomberg 05/17/17)
Nigeria’s inflation slowed for the third consecutive month in April as gasoline prices declined. The inflation rate in Africa’s most-populous nation fell to 17.2 percent from 17.3 percent in March, the Abuja-based National Bureau of Statistics said in an emailed statement Tuesday. The median of 16 economist estimates in a Bloomberg survey was for the rate to decrease to 16.9 percent. Prices rose 1.6 percent in the month, while food prices climbed at a slower pace in March. Inflation accelerated every month for more than a year until January, partly because import prices increased due to dollar
(Vanguard 05/17/17)
The World Bank has disclosed that it expended $70 million projects in 10 Nigerian universities to boost Science and Technology studies and make them of global standard. The 10 benefiting universities under African Centre for Excellence, ACE, include: Redeemers University, Mowe; Ahmadu Bello University, Zaria; University of Jos, Jos; University of Benin, Benin, and African University of Science and Technology, Abuja. Others are, University of Port-Harcourt, Port Harcourt; Obafemi Awolowo University, Ile-Ife; Bayero University, Kano; Benue State University, Makurdi and Federal University of Agriculture, Abeokuta. World Bank said it took more interest in funding several areas of Redeemers University Sciences, such as infectious diseases due to the role it played during the Ebola crisis in 2014, adding, ‘’Redeemers University was...
(This Day Live 05/17/17)
Five days after its passage by the National Assembly, the 2017 budget was yet to be transmitted to the presidency for consideration and assent on Tuesday, due to a requirement for authentication of the Appropriation Bill. Briefing newsmen on Tuesday, Senate spokesman, Senator Sabi Abdullahi (Niger North), explained that the passage of the budget does not automatically mean that the document would be transmitted immediately to the presidency, as the joint Committees on Appropriation still had to authenticate the bill. The document, he said, was to be transmitted on Tuesday or at the latest Wednesday to the presidency. Both chambers of the legislature last Thursday had passed the federal spending bill and also adopted the votes and proceedings of their...
(The Associated Press 05/17/17)
Camps for tens of thousands of people displaced by Boko Haram will have to stay open beyond the end of this month as Nigeria's military continues to fight the extremists in so-called liberated areas, officials say. The governor of the northern state of Borno, Kashim Shettima, told reporters on Tuesday that it is not yet safe to return people to their homes in many places across the region. The government's goal was to close all of the camps by the end of May. The humanitarian crisis is considered one of the worst in the world. Nigerian President Muhammadu Buhari late last year declared Boko Haram "crushed," but the military now says operations continue to clear the extremists from their strongholds...

Pages