Thursday 19 April 2018
(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...
(This Day Live 09/03/13)
The Nigerian equities market started the week on the positive note as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) recorded a gain of 0.24 per cent to be at 36,337.15. The market has been bearish in the past weeks as sell actions continued to outweigh buy actions. Following the persistent downward trend, the ASI had closed last week with a decline of 0.9 per cent. However, the trading began Monday on a positive note as some bargain hunters swooped on shares considered to be of favourable valuations. As a result, the ASI appreciated from 36,248.53 to 36,337.15, while market capitalisation added N26 billion to close higher at N11.523 trillion. The banking sector was upbeat with more companies closing in...
(Daily Trust 09/03/13)
The Federal Government has delayed, without giving notice, the renewal of crude oil lifting contracts for the 2013/2014 period which is supposed to have commenced August 1, 2013, Daily Trust has learnt. The crude oil lifting is done by some private firms after going through a tender process for a particular period, normally one year. The Nigerian National Petroleum Corporation (NNPC) had called for expression of interest on May 20, this year, from eligible indigenous and international ship owners and oil trading firms to apply for the lifting of crude oil between August 1, 2013 and July 31, 2014. The list of qualified companies for crude oil deals was supposed to be out long before the expiration of the last...
(National Mirror Online 09/03/13)
For peace to reign in the Peoples Democratic Party, PDP, the rebellious governors have given President Goodluck Jonathan and the leadership of the party conditions for a truce. National Mirror exclusively gathered that most of the Northern governors, particularly those that walked out of the last Saturday’s convention, had during their meeting with the President at the Villa on Sunday night given two conditions: first is the removal of the PDP National Chairman, Alhaji Bamanga Tukur and secondly, that President Jonathan must honour the 2011 agreement he reached with them. Some of the governors, particularly Governor Babangida Aliyu, who is the Chairman of the Northern States Governors’ Forum, NSGF, have been vociferous in their insistence that the President honours the...
(Vanguard 09/03/13)
THE nation’s export between January and May this year was dominated by charcoal and agricultural produce, a trade report by Maersk Nigeria Limited has shown. The report showed that Nigeria’s charcoal export rose by 76 percent as of May 2013, when compared to the same period in 2012, and further attributed the rise in volume to the longer winter season experienced in Europe. The trade report which quoted the company’s Managing Director and Head of Central and West Africa Cluster, Mr. Jan Thorhauge, noted that finished product import rose by 39 percent during the same period due to major manufacturing firms streamlining their production activities by making Nigeria their main production hub for the region. Thorhauge said that containerised import...
(National Mirror Online 09/03/13)
Ex- President Olusegun Obasanjo yesterday tasked the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, to consider responsibilities of each of the three tiers of government before evolving a final conclusion on the proposed new revenue sharing formula. Obasanjo gave the charge yesterday in Abeokuta, the Ogun State capital, when members of the commission paid him a visit ahead of the proposed review of the existing sharing formula. The former President said it was necessary for the RMAFC to quantify the responsibilities of local governments, states and the Federal Government for it to arrive at a fair and equitable revenue sharing formula. He also emphasised that items on the exclusive and the concurrent lists in the Constitution must be quantified to...
( 09/03/13)
The Nigerian Medical Association(NMA) has reinstated its demand for the appointment of a Surgeon-General, who they said would be charged with the responsibility of independently assessing the medical fitness of public and political office holders such as Governor Danbaba Suntai of Taraba State. At a press briefing in Abuja on Monday, the President of NMA, Dr Osahon Enabulele, lamented that Nigeria as a country did not learn from experience, saying, “if it happened before, we shouldn’t allow it to happen again. He, however, warned against misinterpreting the association's intervention as an attempt to meddle into Taraba State politics, saying, "Our demand for the Office of SGF is one that is very profound. It is borne out of the need for...
(Business News (Ng) 09/03/13)
More than 350,000 farmers in Kaduna State have benefited from the supply of fertiliser and seeds under the Agricultural Growth Enhancement Scheme (GES) of the Federal Government, an official has said. The state Director, Agricultural Transformation Agenda (ATA), Tijjani Ishaku, said that the beneficiaries were drawn from the 501, 127 farmers registered under the scheme in the state. Ishaku said the scheme was a success in the state as “more than 50 per cent of those registered have benefited”. “The total number of farmers registered since the scheme started last year is five hundred and one thousand, one hundred and twenty seven,” he said. “As at August 23, this year, three hundred and fifty seven thousand, eight hundred and twenty...
(Daily Trust 09/03/13)
Chairman of the Peoples Democratic Party Alhaji Bamanga Tukur is expected to visit ailing Taraba State governor Danbaba Suntai today in Jalingo, Daily Trust learnt in Abuja yesterday. Governor Suntai had been through German and American hospitals in the past 10 months following injuries he sustained after he crashed his Cessna aircraft in October last year. He returned to the country barely a week ago but controversy continues to rage over his attempt to resume office. The State House of Assembly has invested his deputy Garba Umar with the powers to act as governor in his absence and he has been discharging that responsibility ever since. But Suntai’s aides had said he is fit to return to office and the...
(The Sun 09/03/13)
Stakeholders with the Centre for International Private Enterprise (CIPE) have said that the beef industry alone contributes over $16 billion annually to the nation’s economy. Speaking to newsmen in Abuja, a stakeholder in the industry, Ms Kenang Rwang-Pam, advocated the provision of grazing reserves for the Fulani cattle rearers throughout the country, saying that if this is done, chances are that the amount could increase to $20 billion. She stated that the beef industry accounts for about 90 per cent protein needs of Nigerians, adding that there is an urgent need for governments at all levels to find permanent solution to the unending crises between the herdsmen and farmers in the country to put a stop to the killing of...

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