Wednesday 20 September 2017
(Punch 08/20/13)
The Aluminium Smelter Company of Nigeria has said it will transfer 360MW of electricity to the national grid as part of its support for the development of the nation’s power sector. The company, which said Nigeria currently occupied the 39th position among the world’s biggest economies, lamented the country’s 70th place in terms of power generation. The Director, Public Relations/Government Relations Department, RUSAL Aluminium, Ms. Tatyana Smirnova, said on Saturday in Uyo that the country’s peak power generation of 4,000MW was a far cry from the 40,000MW nationwide demand. She stated that the company, by hooking up to the national grid, apart from helping the country to combat its power generation shortage, would also assist the firm to keep its...
( 08/19/13)
At a time over N335 million worth of cargo is passing through the country’s international airports and work is set to begin on four new airport terminals funded by the Chinese government, Akanu Ibiam International Airport in Enugu is joining the league of international airports, making this interesting times for the aviation sector, writes OLUKOREDE YISHAU. Abuja, Lagos, Kano and Port Harcourt are special as far as the aviation industry is concerned. From these cities, international flights regularly depart and arrive. In the first quarter of this year, an unprecedented cargo worth over N335 million passed through the country’s international airports. From the next quarter, figures from the Akanu Ibiam International Airport, Enugu will also be added to earnings from...
(Reuters (Eng) 08/19/13)
YENAGOA, Nigeria | Aug 19 (Reuters) - The Nigerian navy killed 12 pirates in a gun battle as they tried to flee from a fuel tanker they hijacked off the coast of the Gulf of Guinea last week, the navy said on Monday. Pirates took control of the St. Kitts and Nevis-flagged MT Notre on Aug. 15, but an emergency signal was sent to the navy and several gunships were deployed to recover the vessel, Navy Flag Officer Rear Admiral Sidi-Ali Hassan told reporters. Navy gunships caught up with the vessel and forced it into Nigerian waters but while negotiating the ship's release, the pirates tried to escape on a speed boat. The navy boats pursued but were fired upon...
(The Sun 08/19/13)
Canada has invested about $2.9 million in Nigerian research project for the ‘Sustainable Productionand Utilisation of Under-utilised Nigerian Vegetables’, which will enhance food security. The study, which is currently being carried out by the Osun State University, Osogbo, was only announced after a Memorandum of Understanding (MoU) was signed by all the parties. It is jointly funded by the International Development Research Centre (IDRC) and Canadian International Development Agency (CIDA) under the Canadian International Food Security Research Fund (CIFSRF), and will see the University of Manitoba and Cape Breton University, both from Canada, also participate in the project. Vice Chancellor of the Osun State University, who spoke at the signing ceremony of the university campus, revealed that the project was...
(This Day Live 08/19/13)
The federal government has approved the pre-qualification of 386 expressions of interest (EOIs) submitted by 82 of the 110 consortia that earlier expressed interest in the acquisition of 80 per cent equity in the 10 Nigeria Independent Power Project (NIPP) plants jointly owned by the three tiers of government. The National Council on Privatisation (NCP) and the Board of the Niger Delta Power Holding Company Limited (NDPHC) had at its second meeting on August 12 approved their pre-qualification. With the approval, the 82 consortia were now ready to move to the Request for Proposal (RFP) stage of the transaction. At the close of the deadline for the submission of EOIs by prospective investors in July, 110 consortia had submitted EOI...
(Ventures-Africa 08/19/13)
VENTURES AFRICA – Nigeria’s Dangote Group has seen rapid expansion across the continent and has received yet another commendation, this time by the Ethiopian government, after the establishment of a new cement plant in the East African country. The commendation, conveyed through a letter, acclaimed the effort of the President of the conglomerate, Aliko Dangote and promised to provide the enabling atmosphere for the success of the venture. Dangote Cement had launched a 2.5 million metric tonnes per annum plant in Mugher, Adaberga District in Ethiopia with a pledge by the company to ensure that it was completed on schedule. State Minister of Industry Tadesse Haile said “we are proud to showcase the project to prospective investors as an attestation...
(National Mirror Online 08/19/13)
The Federal Government has approved the prequalification of 82 companies for the nation’s 10 plants constructed under its National Independent Power Project, NIPP, which is jointly owned by the Federal, states and local governments. The Head, Public Communications, of the Bureau of Public Enterprises, BPE, Mr. Chigbo Anichebe, who disclosed this in a statement in Abuja, said the approval was done at a joint meeting of the National Council on Privatisation, NCP, and the Board of the Niger Delta Power Holding Company Limited, NDPHC. According to Anichebe, the joint meeting, which was chaired by the Vice President, Mohammed Namadi Sambo, approved the 82 consortia to move to the Request for Proposal, RFP, stage of the transaction. The statement reads in...
(Vanguard 08/19/13)
The Federal Government, weekend, confirmed that Ethiopian Airlines would commence direct flights to and from Akanu Ibiam International Airport, Enugu, from Saturday, August 24, 2013. This would be the first international flights to be operated into the South East geo-political zone of the country, barely two years after the airport in Enugu was accorded international status. Minister of Aviation, Princess Stella Oduah, who disclosed this in Abuja, said she had already written President Goodluck Jonathan informing him of the airlines’ inaugural flight. She said the airport’s designation as an international airport was part of the aviation master plan of the present administration to give every zone in the country the opportunity to grow its full potentials in economic and social...
( 08/19/13)
The Sultan of Sokoto and president-general, Supreme Council for Islamic Affairs in Nigeria, Alhaji Muhammad Sa’ad III, has said that Nigeria is indivisible, while he urged Nigerians to desist from using religion in sowing seeds of discord. The Sultan, who stated this in Sokoto yesterday during a breakfast meeting with the leadership of resident communities, warned Nigerians that no meaningful development can be achieved in any country where insecurity and violence prevail. Warning that religious leaders must desist from using religion and ethnicity as an apparatus for causing breach of peace leading to violence, the Sultan said there is the need to appreciate our diversity as source of our strength. He said, “We should never use our religious, cultural or...
(National Mirror Online 08/19/13)
As part of moves aimed at resolving the crisis in the ruling Peoples Democratic Party, PDP, former President, Chief Olusegun Obasanjo was said to have met with the PDP governors in the early hours of last Monday. One of the grouse expressed unanimously by the governors at the parley was the high handedness of the party’s national chairman, Alhaji Bamanga Tukur as the major cause of disaffection within the party. In raising their resentment of the party under its present leadership, some of the governors expressed disenchantment with the National Working Committee, NWC dissolution of the state’s party structures without consultation with the governors. The governors were also said to have raised their opposition to the proposal of automatic ticket...
(Punch 08/19/13)
IN a move to retain his job as the National Chairman of the ruling Peoples Democratic Party, Alhaji Bamanga Tukur, has reportedly sought the help of ex-Vice President Abubakar Atiku. Tukur, our correspondent learnt, sent an SOS message to Atiku who consequently rushed down for a one-and-half-hour meeting with the PDP chairman at his Wuse 2 residence in Abuja very late on Saturday. The meeting reportedly started at about 7pm and Atiku was seen leaving the chairman’s residence at about 8.30pm. Both the PDP chairman and the ex-VP are from the same Adamawa State. An Atiku’s aide confirmed the meeting of the two on Sunday. “They (Atiku and Tukur) met last night (Saturday),” the aide who asked not to be...
(Vanguard 08/19/13)
As part of its effort to reducing the growing unclaimed dividend amounting to over N60 billion in the Nigerian capital market , First Registrars Nigeria Limited has unveiled a new technology, First Dividend Plus Prepaid Card & e-voting system that would help alleviate the problems investors go through in the market. Managing Director/CEO, First Registrars, Mr. Bayo Olugbemi said that Information Communication Technology (ICT) have become a bedrock of business management process all over the world, stressing that First Registrars has blazed the trail as all hands are on deck to ensure that it run its business in consonant with global practice to raise the standard of share registration practice in the country. According to him “ In line with...
(The Nigerian Voice 08/19/13)
A mechanism was developed by the Federal Government to monitor the implementation of the Millennium Development Goals (MDGs), check the contractors and avert poor realization or neglecting the projects nationwide. Senior Special Assistant to the President on Millennium Development Goals (SSAP-MDG), Dr. Precious Gbeneol, made this Government’s position known at the weekend, while commissioning two primary health care centres (PHCs) and a water scheme. Gbeneol spoke thus: “The era of poor implementation and abandonment of projects is over as the Dr. Goodluck Jonathan’s administration has successfully put in place a mechanism that will effectively place both contractors and officials monitoring MDG projects in proper check.” Dr. Gbeneol furthermore used the occasion to launch what she termed “enhancing citizens’ engagement protocol...
(National Mirror Online 08/19/13)
Weekly activities on the Nigerian Stock Exchange (NSE) closed on a bearish note on Friday as many blue chips recorded price losses. The All-share index depreciated by 124.7 points or 0.33 per cent to close at 36,986.93 against the 37,111.63 recorded on Thursday. Market capitalisation grew by N39 billion to close at N11.713 trillion compared with N11.752 trillion recorded on Thursday. Dangote Cement led the price losers’ chart, dropping N2 to close at N190 per share. Julius Berger and Unilever shed N2 each to close at N71 and N63 per share, respectively. Ashaka Cement lost N1.07 to close at N22 per share, while Oando depreciated by 60k to close N12.20 per share. On the other hand, Nestle led the gainers’...
(The Sun 08/19/13)
The Chairman of the Subsidy Reinvestment and Empowerment Programme (SURE-P), Mr. Christopher Kolade, recently underscored the seriousness of the nation’s employment crisis when he put the number of unemployed Nigerians at about 40 million. Kolade, who was represented by the Assistant Director and Head of Services of SURE-P, Mr. Anthony Kalu, at a sensitisation programme organised by the agency in llorin, the Kwara State capital, bemoaned the fact that the Nigerian economy could not absorb the nearly 300,000 graduates being produced by Nigerian universities and other tertiary institutions in the country every year. Attempting to explain the disinterest of firms in employing fresh Nigerian graduates, he said the potential employers complain about their lack of experience, the high cost of...
(National Mirror Online 08/19/13)
As the meeting between the representatives of the Presidential Universities Needs Assessment Committee and the leadership of the Academic Staff Union of Universities, ASUU, over the lingering industrial action continues today, indications emerged at the weekend that there were moves by some former Ministers of Education, their counterparts from the National Universities Commission, and other stakeholders to wade in. Troubled by the dimension the crisis has taken, the stakeholders, National Mirror gathered, believed that ASUU has become more adamant “because over the years, the Federal Government has not lived up to expectation, and so there are strong doubts of its ability to do so in the future.” The stakeholders, National Mirror learnt, include those who served in the education sector...
(CNN 08/19/13)
(CNN) -- The Nigerian military said Thursday it killed one of the leaders of the Islamist extremist group, Boko Haram, which has waged an insurgency in the nation for years. Mamadu Bama was the second-in-command, the military said in a statement. He was killed this month along with his father, who was the group's spiritual mentor, the military said. The militant group has not released any statement on the deaths. Boko Haram has attacked various targets in the nation since 2009, murdering and kidnapping Westerners, and bombing schools and churches. It is suspected to be behind a gruesome mosque killing this week. In that attack Sunday, militants brandishing automatic weapons killed 44 worshipers in the country's troubled Borno state. Around...
(National Mirror Online 08/19/13)
The Nigerian president of Igbo extraction project and 2015 presidential election will top this year’s World Igbo Congress, WIC, scheduled for August 29 to September 1 in Dallas, Texas, United States. This was contained in a press statement by the WIC, jointly signed by its Chairman and Media Director, Joe Nze Eto and Dr. Acho Orabuchi respectively, and made available to National Mirror. The group, which said the agitation is real and can be felt in the hearts of every Igbo origin in the Diaspora, advised individuals not sit in the comfort of their homes and speak for the Igbo, adding that the Dallas convention provides the forum to dialogue Igbo group interests in 2015. The statement read in part:...
( 08/19/13)
With nearly 12,000 Automated Teller Machines (ATMs), 131,000 point-of-sales machines, several internet payment portals, 25 million bank cards in circulation and the number of people with bank accounts growing from 18.3 million in 2008 to 28.6 million in 2012, Nigeria appears to be embracing cashless economy, writes Financial Times. In 2002, when Mitchell Elegbe was starting his technology business, there were few proper bank cards in Nigeria, ATMs were rare and there was no inter-connectivity between banks. Drawing money meant walking into your branch, collecting a token indicating a number in the queue, and returning several hours later in the hope of being near the teller. “People used to keep a lot of money at home,” said Mr Elegbe. “We...
(The Nigerian Voice 08/19/13)
We of Afenifere Renewal Group(ARG) note that, even though Education sector got the highest percentage budgetary allocation in 2013 Appropriation Act, we are yet to see this allocation translate into tangible results in our federal tertiary institutions. Rather, the strike embarked upon by the Academic Staff Union of Universities has entered the second month, with no end in sight. The sector got N367.375bn for recurrent expenditure, N60.207bn for capital expenditure. This translates to a total of N427.582bn representing7.9% of total budget. In 2012, the sector got a total of N397.378bn representing 8.5% of total budget. Despite these high allocations, the sector has seen no improvement, an evidence of government's insensitivity to the plight of the people and its ineptitude in...

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