Tuesday 27 June 2017
(The Guardian Nigeria 06/18/13)
THE Nigerian Oil and Energy Insurance Pool (NOEIP) may soon take-off to tackle capacity gap challenges in oil and gas underwriting. Specifically, the committee set up for the take-off of the underwriting pool for insurance entities has commenced the registration of members with a minimum subscription of $250,000 per line, with 50 per cent paid-up in order to achieve a retained pool capacity of $20 million. Besides, the pool would be protected by an appropriate reinsurance arrangement to shore up and protect the pool’s capacity. As a result, Africa Reinsurance Corporation (AfricaRe) has been appointed to manage the pool. A source at the Nigerian Insurers Association (NIA) secretariat confirmed at the weekend that the pool has come into being and...
(Daily Trust 06/18/13)
Former Information Minister Chief Edwin Clark said yesterday that President Goodluck Jonathan must get second term like his civilian predecessors. Clark said this yesterday when he led elders from the South-south and Middle-belt, under the umbrella of the Congress for Equality and Change to the State House, Abuja yesterday. Addressing Villa correspondents after the close-door meeting which lasted for over two hours, the leader of the group, Clark, said just like all other former elected presidents of the country, Jonathan is entitled to seek a fresh presidential term in 2015. “I’ll never lead a group that will be opposed to 2015 (regarding Jonathan’s second term), not because Clark is saying so. It’s written in the constitution of Nigeria. Shagari and...
(This Day Live 06/18/13)
The deadly Boko Haram sect, which many thought had been routed by the ongoing clampdown by the military, struck again in Damaturu, the Yobe State capital, on Sunday night launching attacks on a secondary school and military checkpoint, which resulted in the death of 11 persons and injury of nine others. Confirming the incident to journalists, the spokesman of the military Joint Task Force (JTF) in Yobe State, Lt. Eli Lazarus, said 11 people were killed in separate attacks as suspected members of the Boko Haram sect attacked the Government Secondary School (GSS), Damaturu and a military checkpoint, also in Damaturu. Lazarus, in a statement yesterday, disclosed that two teachers and two insurgents were killed during the separate attacks, which...
(Vanguard 06/18/13)
ABUJA — FORMER President of Ghana, Flt. Lt. Jerry Rawlings, Monday said if Nigeria and other parts of Africa must get it right and strengthen democracy, corrupt politicians must not be allowed to go scot-free. This came as former Interim Head of State, Chief Ernest Shonekan, declared that religious fundamentalism poses a serious threat to the nation’s democracy, including other parts of Africa. According to Rawlings, Nigeria must not continue to pay lip service to eradicating corruption, especially against the backdrop that poor, petty thieves get imprisoned for several years, while businessmen evade taxes in millions of dollars and politicians embezzle state funds and go unpunished. Speaking yesterday at a conference on Emerging Democracies in Africa: Challenges and Opportunities, organized...
(Voice of America 06/18/13)
ABUJA — Sectarian violence has plagued central Nigeria for decades and tens of thousands of people have been killed. Many mosques and churches are still rubble and in some cities the population has segregated itself out of fear. It is the first anniversary of triple church bombings that sparked sectarian riots in the central city of Kaduna. There is no roof on this mosque in Kaduna and no walls to protect worshippers from the smell of a nearby open sewer. It’s been almost a year since the last time it was burnt to the ground but people still come here to pray. Mallum Abdullahi Bayero, a spokesman for the Supreme Council of Sharia in Nigeria, says because so many mosques...
(This Day Live 06/18/13)
Chief Justice of Nigeria (CJN), Justice Aloma Mukhtar, has said that the ongoing sanitisation process in the judiciary will not be limited to judges alone but would be extended to support staff in the sector. Justice Mukhtar stated this Monday in a keynote address at a workshop organised by the National Judicial Institute (NJI) for librarians working in the judiciary. The workshop has as its theme: "The challenges facing court librarians in information and communication technology age." “Let me quickly add that the fight against corruption in the judiciary is not only targeted at judicial officers but also against any member of staff of the judiciary who finds luxury or convenience in engaging in corrupt practices or engaged in any...
(Standard Digital 06/18/13)
Kenya has initiated diplomatic talks with Nigerian authorities aimed at securing the release of Government officers who are held in Lagos. Kenya has been grappling on how to secure the release of seven Government officials and five-airline crew of a private jet that was chattered to deport 10 foreigners, including five Nigerians, among them controversial businessman Anthony Chinedu, who had a long running court battle with his former wife Alice Akinyi about two weeks. The 12 have been detained for almost two weeks at the Murtala Muhammed International Airport in Lagos, as Nigerian authorities claim Antony Chinedu was not procedurally deported. The charted plane belonging to East African Safari Express has also been detained. Yesterday, Foreign Affairs Cabinet Secretary Amina...
(Vanguard 06/18/13)
African champions the Super Eagles of Nigeria as expected beat minnows Tahiti 6-1 in their Confederations Cup opening Group B match on Monday in Belo Horizonte, but they were given a run for their money for a while. Nnamdi Oduamadi claimed a hat-trick as Nigeria shook off the jet lag to thrash minnows Tahiti 6-1 in their opening Confederations Cup game. The African champions only arrived in Brazil 36 hours before the game after a row over bonus payments, but they could even afford some wasteful finishing as they leapfrogged world champions Spain to the top of Group B. It was a predictably chastening experience for Tahiti, ranked 138th in the world, but they were nonetheless able to celebrate when...
(Vanguard 06/18/13)
LAGOS — The National Chairman of the Peoples Democratic Party, PDP, Alhaji Bamanga Tukur and members of the National Working Committee, NWC are to quit their offices Thursday at the National Executive Committee, NEC meeting of the party scheduled to meet that day. The decision, Vanguard gathered, was consequent upon the submission of a report by the Senator Anyim Pius Anyim-led presidential committee constituted to study the crisis in the party. The report was submitted to the President yesterday. However, Vanguard learnt that the recommendation by the Anyim committee for the NWC members to resign was a political solution to the lingering court cases instituted by some displeased party members against the election of the NWC members. Before the NWC...
(Nigerian Tribune 06/18/13)
PRESIDENT Goodluck Jonathan on Monday assured that his administration would never allow itself to be derailed from pursuing the Transformation Agenda to its logical conclusion. He made the assertion while receiving a high-powered delegation of Middle-Belt and South-South elders under the aegis of the Congress for Equality and Change, led by elder statesman, Chief Edwin Clark and former Senate President, Ameh Ebute. Jonathan said his administration would continue to work diligently to build on the achievements catalogued in its mid-term report to the nation. He also reaffirmed government’s unwavering commitment to moving Nigeria progressively forward along the path of development articulated in the Transformation Agenda. While commending the elders for “working tirelessly to bring us to where we are today”...
(Punch 06/18/13)
The lawmaker representing Enugu North senatorial zone, Senator Ayogu Eze, on Monday said there was still hope for the creation of more states in the country. He told journalists in Enugu that the process for the creation of the new states was still ongoing. He said, “The door is still open for the creation of new states and once the constitutional requirements are met, new states would be created.” The Deputy Senate President and Chairman Senate Constitution Review Committee, Senator Ike Ekweremadu, in a recent briefing said all request submitted by stakeholders did not meet key constitutional requirements. But Eze dismissed such and urged those seeking the creation of more states keep their hope alive. He said the committee “erroneously”...
(Punch 06/18/13)
National Agency for Foods, Drugs Administration and Control has seized drugs meant for free health mission organised by Senator Babafemi Ojudu for his constituents. The senator said this in Ado Ekiti on Monday at the commencement of the free health programme. He called on the Director-General of the agency, Dr. Paul Orhii, to intervene to ensure quick release of the drugs so that the beneficiaries of the programme could enjoy them. Although the lawmaker, representing Ekiti Central Senatorial District at the upper legislative chamber, said the drugs were confiscated on Sunday in Lagos, he, however, did not give reasons for the agency’s action. Explaining why he embarked on the programme, Ojudu said sudden death had been on the increase because...
(Ventures-Africa 06/17/13)
VENTURES AFRICA – Inflation in Nigeria dropped slightly to 9.0 percent in May from 9.1 per cent attained the previous month, the country’s National Bureau of Statistics (NBS) has said. A statement signed by the Statistician General of the Federation, Dr Yemi Kale said, “the CPI, which measures inflation, rose by 9.0 per cent year-on-year in May, slightly below the 9.1 per cent rate recorded in April.” The agency revealed that the Composite Price Index (CPI), which measures the rate of inflation on a yearly basis shows that the rate continues to hold below single digits as the Core sub-index continues to show a muted rise due to base effects. The year-on-year muted changes for the rest of the year...
(Nigerian Tribune 06/17/13)
One month after the declaration of emergency rule in order to fight insurgency in Borno, Yobe and Adamawa states, violence has erupted again, as gunmen suspected to be members of the Islamist terrorist’s sect attacked four communities of Hwa’a, Kunde, Gathahure and Gjigga of Gwoza Hills settlements, torching four churches with Improvised Explosives Devices (IEDS) and petro-bombs Thursday afternoon. According to Tada Garuta, a resident of Kunde, the gunmen climbed the hills on foot with explosives and petro-bombs, and chanted ‘God is great’ in Arabic, before setting four local churches ablaze; and ransacked and emptied their bans of grains along with some livestock to the next community of Gathahure and Hwa’a at dawn. The attacked communities are located in Gwoza...
(This Day Live 06/17/13)
Suspected members of the terrorist Islamic sect, Boko Haram, believed to have fled their destroyed camps in parts of Borno, Yobe and Adamawa States as a result of the ongoing clampdown by the military, have resurfaced in Gwoza, a Borno town attacking four communities and torching their churches. It was gathered that the sect members attacked four communities of Hwa’a, Kunde, Gathahure and Gjigga of Gwoza Hills settlements on Thursday torching four churches with Improvised Explosives Devices (IEDS) and petro-bombs. A resident of Kunde, Tada Garuta told journalists that the gunmen climbed the hills by foot with explosives and petro-bombs, and after chanting “Allahu Akbar” meaning God is great, set ablaze four local churches. The bandits equally ransacked and emptied...
(This Day Live 06/17/13)
The federal government, through the Debt Management Office (DMO) raised a total of N110 billion relative from the bond market in May, a report has shown. The Financial Market Dealers Association (FMDA), which disclosed this in its monthly report for May obtained at the weekend, revealed the amount represented a slight increase by 4.96 per cent, compared to the N104.8 billion the government had borrowed from the debt market in April. The bond maturities, according to the report, were re-openings of four previous issues, 4 per cent FGN APR 2015 (5 Year original tenor), 15.10 per cent FGN APR 2017 (5 Year original tenor), 16.00 per cent FGN JUN 2019 (7 year original tenor) and the 10 per cent FGN...
(The Guardian 06/17/13)
BUILDING on the position of experts on the need to step up early warning systems in Nigeria, the United Nations (UN)’d Undersecretary-General for Humanitarian Affairs and Emergency Relief Coordination, Baroness Valerie Amos, says there is urgent need for more support for Nigeria’s disaster management commitment. Addressing stakeholders on conflict and disaster management during her working visit to Nigeria at the weekend, the UN chief also solicited stronger political will by the Nigerian government in strengthening the National Emergency Management Agency (NEMA) in Nigeria’s disaster containment and management index. The UN chief’s comments came as Nigeria was at the weekend elected President of the Regional Committee for Disaster Management in West Africa. Nigeria’s position is being filled by the Director General...
(This Day Live 06/17/13)
In view of the increasing pressure faced by the naira, which recorded its worst year-to-date performance against the United States dollar last Friday, the Central Bank of Nigeria (CBN) has assured Nigerians that there is no cause for alarm over the nation’s currency. CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue to defend the naira. According to data gathered from the Financial Market Dealers Association (FMDA), except at the regulated Wholesale Dutch Auction System (WDAS), where the central bank regulates the price of the naira against the dollar, the domestic currency dipped remarkably across other market segments, compared to its value at the beginning of the year. For instance, at...
(Daily Trust 06/17/13)
Rivers State Governor Chibuike Amaechi yesterday called on governors to ignore a meeting called for today in Abuja by his Plateau State counterpart, Governor Jonah Jang. He said Jang should remain within the confines of decorum and cease to impersonate him and parading himself as the chairman of the governors forum.The governor, in a statement in Port Harcourt said: “On Saturday, June 15 and Sunday, June 16 reports in the media credited to my brother, Governor Jonah Jang of Plateau State announced that he has called for a Nigeria Governors Forum meeting. Ordinarily, I would have ignored these reports as I do not imagine that as governors who hold our peoples’ mandate through the democratic process of free and fair...
(Vanguard 06/17/13)
MAKURDI - Elder Statesman and former Minister of Steel, Wantaregh Paul Unongo has declared that the Northern Elders Forum, NEF would support a northern presidential candidate at the 2015 general election. Unongo who is the deputy leader and spokesman of the forum made the declaration at the weekend while interacting with Journalists at his Makurdi residence. He lamented that the North has not been fairly treated under the present administration, “particularly in structural allocations” adding that “we would rationalize on that at the appropriate time”. The former Minister further vowed that whoever or whichever presidential candidate the NEF throws its weight behind at the polls would win the election given the numerical strength of the north. While expressing worry over...

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