Saturday 25 November 2017
(Daily Trust 09/04/13)
The Rivers State chapter of the Peoples Democratic Party, PDP, says it’s not surprised at Governor Chibuike Amaechi’s declaration of his membership of “a tiny over-ambitious clique under a purported factional PDP whose only interest is to scatter the party and stop President Jonathan’s second term bid”. The party in a statement issued in Port Harcourt yesterday and signed by the Special Adviser on Media to the State Chairman, Jerry Needam said “even though the reasons why Amaechi had scuttled all moves for peace in the state and stability in the PDP were not lost on it, his open declaration and support for those that never wish the PDP and President Good luck Jonathan well has now left no one...
(Voice of America 09/04/13)
DAKAR — It has been two weeks since the Nigerian military announced that Boko Haram leader Abubakar Shekau died in Cameroon in early August following injuries sustained in battle. However, there is still no confirmation or proof of his death. Nigerians remain skeptical of the military's claim, and analysts say killing off Boko Haram commanders won't stop the violence in northern Nigeria. It's been three and a half months since the military launched a large-scale offensive against Boko Haram in northeastern Nigeria. The military says it's got Boko Haram on the run. That would hardly be surprising as insurgents, by definition, tend to avoid direct battlefield confrontation. But the military's claim is nearly impossible to confirm. Security forces have restricted...
(Nigerian Tribune 09/04/13)
The rise in violence by Boko Haram in the last couple of weeks since it was claimed by the Nigerian Army that its leader, Abubakar Shekau, had been killed, could be true afterall. The violence shows that there is a new leader at the helm of affairs who is out to stamp his authority on the evil group. When one looks at the history of terror in the world, when a new leader comes on board, he usually starts with a campaign of terror to announce his ‘assumption’ of office, and this has been the case since it became public knowledge that Shekau had been killed a couple of months ago. However, I want the Federal Government of Nigeria to...
(This Day Live 09/04/13)
The Central Bank of Nigeria (CBN) has declared that it will resist pressure to devalue the naira as it retains ample funds to defend the currency. Speaking in an interview with Reuters in London, the Deputy Governor, Financial System Stability, CBN, Dr. Kingsley Moghalu, said there were no plans to change the exchange rate band of the naira. "We are comfortable with the band as it is currently - we do not have any intention of doing anything spectacular," he said. Also, the Director, Corporate Communications, CBN, Mr. Ugochukwu Okoroafor, maintained the bank’s Governor, Mallam Sanusi Lamido Sanusi, was expected to stay the course in his defence of the nation’s currency until the end of his tenure in 10 months...
(This Day Live 09/04/13)
Although the special national convention of the Peoples Democratic Party held at the weekend after a couple of shift in dates, memories of the outcome are certainly not going away soon. Chuks Okocha who was privy to some of the intrigues, manipulations and inside plots that eventually led to the splitting of the ruling party on a day it was supposed to mark its 15th anniversary, reports on the party’s road to break-up. The staged walkout by former Vice-President Atiku Abubakar and six other governors Aliyu Wamakko (Sokoto), Sule Lamido (Jigawa), Babangida Aliyu (Niger), Abdulfatah Ahmed (Kwara) and Rabiu Musa Kwankwanso (Kano) alongside with their delegates at last Saturday’s special national convention of the Peoples Democratic Party (PDP) which held...
(The Sun 09/04/13)
Federal Government yesterday said that it is incapable of meeting the huge financial demands of Nigeria‘s power sector, while attributing the poor state of agriculture to poor electricity supply. Declaring open the 19th Nigerian Economic Summit packaged by the Nigerian Economic Summit Group and National Planning Commission as well as the Federal Ministry of Agriculture, President Goodluck Ebele Jonathan, stated that there was no way issues on the development of the agriculture sector would be discussed without talking about availability of regular electricity. He said that the provision of electricity in the country had been poor over the years because it was left for government to shoulder alone, noting that there was no way it could handle the provision of...
(National Mirror Online 09/04/13)
The festering crises in the ruling Peoples Democratic Party, PDP, escalated yesterday as 57 members of the House of Representatives elected on its platform pitched their tent with the breakaway faction headed by Alhaji Abubakar Baraje. Twenty six PDP senators had, on Monday, joined the Baraje camp. The lawmakers, in a statement signed by all of them in Abuja, expressed their support for the former Vice President Alhaji Atiku Abubakar and congratulated him and other state governors for the emergence of the new party, known as New PDP. They also warned the government not to use state apparatus to hound dissident members of the PDP. “We, the members of the House of Representatives under the platform of the New PDP,...
(Punch 09/04/13)
The authorities of the Nigerian Army have retired some top generals of the Army. It was gathered that those retired were ten in number. Among those affected were the former Director of Training and Operations, Defence Headquarters, Maj.-Gen. Lawrence Ngugbane, the former Commander of Training, Doctrine and Command, Maj.-Gen. Babagana Mungonu, and the former Chief of Research and Development, Maj.-Gen. Obinali Ariahu. A top military source said on Wednesday that the generals were retired because they had put in the maximum years in service. The source said that the retirement exercise was routine and not punitive. The source added that the retirement exercise was expected to take place every quarter of the year. The source couldn’t give the names of...
(Daily Trust 09/04/13)
President Goodluck Jonathan said abandoning the agricultural sector for oil is making the country to pay a huge price and urge everyone to get involved in reviving the sector. Speaking yesterday at the 19th Nigeria Economic Summit (NES) jointly organised by the Nigeria Economy Summit Group (NESG), National Planning Commission (NPC) and the Federal Ministry of Agriculture, President Jonathan said agriculture cannot be separated from land, education, finance, trade and others to diversify the country’s economy. The summit with the theme: “Growing agriculture as a business to diversify Nigeria’s Economy,” focuses on the agric sector due to the potentials embedded in it. “We are only using agriculture as a fulcrum to discus other issues of national development. All of them...
(The Associated Press 09/04/13)
KADUNA, Nigeria – Thousands of people in the north Nigerian town of Kajuru demonstrated against what they called arbitrary arrests by police after three police officers were killed during an attack two weeks ago. A resident said two suspects were arrested Saturday while riding their bikes and police early Tuesday rounded up seven more suspects from their homes. The Kaduna police spokesman, Aminu Lawan, says the arrests were in connection with the Aug. 20 police headquarters raid. He said the community handed over two other suspects who were cooperating with an investigation. Officers said attackers with sophisticated weapons had freed suspected criminals being detained at the station. Protesters blocked the roads with barricades Tuesday leading into Kajuru. Heavily armed police...
(Punch 09/04/13)
Joint Task Force in the Niger Delta says it has destroyed two illegal oil refineries in Bayelsa State. Spokesman for JTF, Lt. Col. Onyema Nwachukwu, said troops of 5 Battalion of the outfit deployed in Sector 2 area in the Niger Delta impounded two barges laden with illegally sourced crude oil along the Kasabobo creek. Nwachukwu said the feat was achieved after a weeklong intensive anti-oil theft patrol targeted at sanitising the creeks and waterways of Southern Ijaw Local Government Area of Bayelsa. This came even as the Bayelsa State Government said the Governor Seriake Dickson administration would rid the state of kidnapping, pipeline vandalism and other crimes. Special Adviser to the Governor on Security, Lt.Col. Bernard Kenebai (retd.), spoke...
(Reuters (Eng) 09/03/13)
LAGOS/LONDON, Sept 3 (Reuters) - Nigeria's central bank will resist pressure to devalue the naira since it retains ample funds to defend the currency, a central bank spokesman said, and its governor is expected to stay the course until his term is up in 10 months. Nigeria's naira has fallen in recent months, trading outside the central bank's target band of 150-160 naira to the U.S. dollar since June, initially due to foreign investors booking profits on their naira assets, and on importers buying dollars. Central bank spokesman Ugochukwu Okoroafor said by telephone that the institution remained committed to the band. "We have the resources to meet demand. We are still determined to keep within that band," he said on...
(Vanguard 09/03/13)
The Central Bank of Nigeria (CBN) on Friday compelled banks to buy dollars at N160.5 per dollar, in a bid to halt the four day depreciation of the naira at the interbank foreign exchange market. The unusual intervention forced the interbank exchange rate to N162.05 per dollar on Friday from N163.7 per dollar on Thursday, translating to 165 kobo appreciation for the naira. This was in sharp contrast to the steady depreciation suffered by the naira from Monday to Thursday. From N161.47 per dollar the previous week, the naira depreciated by 183 kobo to N163.7 on Thursday. Miffed by this trend, and the likelihood that it would persist, the CBN entered the interbank market selling dollars to banks. Investigation revealed...
(This Day Live 09/03/13)
The Central Bank of Nigeria (CBN) Monday disclosed that a total of 41, 828 entrepreneurs were trained between 2008 and 2013 under its Entrepreneurship Development Centres (EDC) scheme. The CBN Governor, Mallam Sanusi Lamido Sanusi, who revealed this in Calabar, said out of the 41,828 entrepreneurs, 13, 124 directly benefitted from job creation while a total of 1, 743 businesses were linked to financial institutions from which they obtained loans amounting to N227.84 million to either start or expand their business. He also said 94, 259 others were counselled under the programme. Speaking at the inauguration of the CBN-EDC in Calabar for South-south states, Sanusi said Nigeria was being confronted with a myriad of development challenges as the 2012 household...
(Haaretz 09/03/13)
Last week’s announcement that an agreement had been reached with an African country, later identified as Uganda, to accept African migrants from Israel was not only premature but far too optimistic in terms of the number of people likely to be involved, a senior government official said Monday. Haaretz has learned that the contacts with Uganda relate to the absorption of only a few hundred migrants, so even if an agreement is successfully concluded, its influence will be limited. According to the Population, Immigration and Border Authority, some 54,000 African migrants are now living in Israel, more than 90 percent of them Eritrean and Sudanese nationals. The initial announcement about an agreement with Uganda was made last week by Interior...
(Reuters (Eng) 09/03/13)
LAGOS, Sept 3 (Reuters) - Nigeria's United Bank for Africa (UBA) has invested $700 million this year financing power assets in Africa's second biggest economy and is looking to put $2 billion into power projects across the continent over the next three years, CEO Phillips Oduoza told Reuters on Tuesday. Oduoza also said he expected the bank to grow loans by around 14 percent in the next six months, as it had done in the last six months. Nigeria is reforming its electricity sector in a privatisation scheme meant to end the country's chronic power shortages. President Goodluck Jonathan last week said bidders for state electricity assets had completed payments, clearing a major hurdle in the process. "We have been...
(National Mirror Online 09/03/13)
Indications have emerged that Shell Petroleum Development Company, SPDC, has begun a fresh divestment of its onshore assets in Rivers State as part of a strategic move to disengage from land activities due to unabated sabotage of its pipelines and pervasive crude oil theft. The activities of vandals have resulted in untold losses, which have forced the company to virtually shut down its land operations and concentrate on offshore activities. Consequently, buyers are currently being sought for the company’s onshore assets including production platforms and other facilities in Port Harcourt, Rivers State. Shell sources told National Mirror yesterday that the process of disposing of the assets begun weeks after the Presidency gave approval for the action. The exercise, being carried...
(This Day Live 09/03/13)
Efforts to swiftly resolve the crisis in the ruling Peoples Democratic Party (PDP), in the aftermath of its factionalisation, have run into a hitch, as the New PDP has withdrawn from further talks with President Goodluck Jonathan and other party stalwarts. THISDAY has also learnt that 22 senators on the ruling party’s platform pledged their loyalty to the splinter group, effectively crossing carpet to the New PDP. The withdrawal by members of the New PDP, which was formed last Saturday in response to the deep-seated grievances of some major stakeholders, has led to the cancellation of the meeting slated for Tuesday with the president at the State House, Abuja. The aborted meeting was to have been a follow-up to the...
(Voice of America 09/03/13)
DAKAR, SENEGAL — In Nigeria's northeastern Borno state, the birthplace of Boko Haram, hundreds of young men have formed units of a civilian vigilante group that now is actively working to hunt down militants alongside the military. In doing so, the vigilantes have themselves become targets. At least 55 members of a civilian vigilante group in Borno State have been slaughtered by presumed Boko Haram militants in a series of reprisal attacks over the last month. The most recent attack took place Friday outside the town of Monguno. Suspected Boko Haram militants dressed in army uniforms ambushed and killed at least 24 of the civilian vigilantes, who were heading out on a mission. The vigilante group is called the Civilian...
(Voice of America 09/03/13)
JOHANNESBURG — Journalists and South Africans have flocked to former South African president Nelson Mandela’s home in Johannesburg following his release Sunday from a Pretoria hospital. Mandela spent 85 days there after being admitted on June 8 for a recurring lung infection. While many South Africans are breathing a sigh of relief, some have questioned why the world icon was released despite the fact that his condition remains critical and at times unstable. Since Sundays’ announcement that the 95-year-old former president was allowed to return home from the Medi-Clinic Heart Hospital in Pretoria, social media have been flooded with congratulatory messages, and the story has made international headlines. The media that was entrenched for months outside the hospital now has...

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